Hennessy Advisors Inc. Trims Stake in IES Holdings, Inc. (NASDAQ:IESC)

Hennessy Advisors Inc. decreased its position in IES Holdings, Inc. (NASDAQ:IESC - Free Report) by 10.3% in the first quarter, according to its most recent 13F filing with the SEC. The firm owned 74,100 shares of the technology company's stock after selling 8,500 shares during the period. Hennessy Advisors Inc. owned about 0.37% of IES worth $12,235,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. J.Safra Asset Management Corp raised its stake in shares of IES by 56.8% during the fourth quarter. J.Safra Asset Management Corp now owns 138 shares of the technology company's stock worth $28,000 after buying an additional 50 shares during the last quarter. Smithfield Trust Co acquired a new position in IES during the fourth quarter worth $34,000. National Bank of Canada FI bought a new stake in IES during the fourth quarter worth $54,000. Harbour Investments Inc. bought a new stake in IES during the fourth quarter worth $71,000. Finally, Jones Financial Companies Lllp bought a new position in shares of IES in the fourth quarter valued at about $74,000. Hedge funds and other institutional investors own 86.60% of the company's stock.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen downgraded shares of IES from a "buy" rating to a "hold" rating in a research note on Friday, March 14th.

IES Price Performance

Shares of NASDAQ:IESC traded up $0.92 during mid-day trading on Tuesday, hitting $271.44. The company had a trading volume of 126,048 shares, compared to its average volume of 175,073. The firm has a fifty day moving average price of $233.56 and a 200 day moving average price of $220.19. IES Holdings, Inc. has a one year low of $126.07 and a one year high of $320.09. The company has a market capitalization of $5.39 billion, a PE ratio of 25.27 and a beta of 1.62.

IES (NASDAQ:IESC - Get Free Report) last announced its quarterly earnings results on Friday, May 2nd. The technology company reported $3.30 earnings per share for the quarter. IES had a return on equity of 35.81% and a net margin of 7.30%. The firm had revenue of $834.00 million for the quarter.

Insider Buying and Selling

In other news, CEO Jeffrey L. Et Al Gendell sold 6,722 shares of the firm's stock in a transaction on Wednesday, June 4th. The stock was sold at an average price of $275.00, for a total transaction of $1,848,550.00. Following the completion of the transaction, the chief executive officer now directly owns 10,923,318 shares in the company, valued at $3,003,912,450. This trade represents a 0.06% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders sold 39,630 shares of company stock valued at $10,915,095 over the last quarter. 56.76% of the stock is owned by company insiders.

IES Profile

IES Holdings, Inc engages in the design and installation of integrated electrical and technology systems, and provides infrastructure products and services in the United States. The Communications segment designs, installs, and maintains network infrastructure within data centers for co-location and managed hosting customers; corporate, educational, financial, hospitality, and healthcare buildings; e-commerce distribution centers; and high-tech manufacturing facilities.