IES Holdings, Inc. (NASDAQ:IESC) Stock Position Trimmed by Polar Asset Management Partners Inc.

Polar Asset Management Partners Inc. reduced its position in IES Holdings, Inc. (NASDAQ:IESC - Free Report) by 73.1% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 4,658 shares of the technology company's stock after selling 12,642 shares during the quarter. Polar Asset Management Partners Inc.'s holdings in IES were worth $936,000 at the end of the most recent reporting period.

Other hedge funds also recently added to or reduced their stakes in the company. J.Safra Asset Management Corp increased its position 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 valued at $28,000 after acquiring an additional 50 shares during the last quarter. Smithfield Trust Co acquired a new stake in shares of IES in the fourth quarter valued at $34,000. National Bank of Canada FI purchased a new stake in shares of IES in the 4th quarter valued at $54,000. Harbour Investments Inc. purchased a new position in IES during the 4th quarter valued at about $71,000. Finally, Jones Financial Companies Lllp acquired a new position in IES in the 4th quarter valued at about $74,000. 86.60% of the stock is owned by institutional investors and hedge funds.

IES Stock Performance

NASDAQ:IESC traded down $3.51 during mid-day trading on Tuesday, reaching $250.74. The stock had a trading volume of 102,811 shares, compared to its average volume of 175,997. The business has a 50 day simple moving average of $200.51 and a 200 day simple moving average of $222.22. The firm has a market capitalization of $4.98 billion, a price-to-earnings ratio of 23.35 and a beta of 1.57. IES Holdings, Inc. has a twelve month low of $124.55 and a twelve month high of $320.09.

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

Analyst Ratings Changes

Separately, StockNews.com cut IES from a "buy" rating to a "hold" rating in a research note on Friday, March 14th.

About IES

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.