Polar Asset Management Partners Inc. Sells 12,642 Shares of IES Holdings, Inc. (NASDAQ:IESC)

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

A number of other institutional investors have also recently made changes to their positions in IESC. J.Safra Asset Management Corp lifted its holdings in shares of IES by 56.8% during the 4th quarter. J.Safra Asset Management Corp now owns 138 shares of the technology company's stock worth $28,000 after acquiring an additional 50 shares during the last quarter. Smithfield Trust Co purchased a new stake in IES during the fourth quarter valued at about $34,000. National Bank of Canada FI bought a new stake in IES during the fourth quarter worth about $54,000. Harbour Investments Inc. bought a new stake in IES during the fourth quarter worth about $71,000. Finally, Jones Financial Companies Lllp purchased a new position in shares of IES in the 4th quarter worth about $74,000. Institutional investors own 86.60% of the company's stock.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen cut IES from a "buy" rating to a "hold" rating in a report on Friday, March 14th.

IES Trading Up 1.0%

Shares of IESC stock traded up $2.31 during trading hours on Friday, hitting $244.18. 19,917 shares of the company's stock were exchanged, compared to its average volume of 175,074. The company has a market capitalization of $4.85 billion, a PE ratio of 22.77 and a beta of 1.57. IES Holdings, Inc. has a 12-month low of $124.55 and a 12-month high of $320.09. The business's 50 day simple moving average is $202.91 and its 200-day simple moving average is $222.41.

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

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.