Ritholtz Wealth Management Sells 1,116 Shares of IES Holdings, Inc. (NASDAQ:IESC)

Ritholtz Wealth Management reduced its position in IES Holdings, Inc. (NASDAQ:IESC - Free Report) by 34.3% in the 1st quarter, according to its most recent filing with the SEC. The fund owned 2,140 shares of the technology company's stock after selling 1,116 shares during the period. Ritholtz Wealth Management's holdings in IES were worth $353,000 as of its most recent filing with the SEC.

Several other hedge funds have also bought and sold shares of IESC. J.Safra Asset Management Corp raised its holdings in IES by 56.8% in the 4th 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 period. Smithfield Trust Co bought a new position in IES in the 4th quarter valued at about $34,000. National Bank of Canada FI bought a new position in IES in the 4th quarter valued at about $54,000. Harbour Investments Inc. bought a new position in IES in the 4th quarter valued at about $71,000. Finally, Jones Financial Companies Lllp bought a new position in IES in the 4th quarter valued at about $74,000. 86.60% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, CEO Jeffrey L. Et Al Gendell sold 6,722 shares of the stock in a transaction that occurred on Wednesday, June 4th. The shares were sold at an average price of $275.00, for a total transaction of $1,848,550.00. Following the sale, the chief executive officer now owns 10,923,318 shares in the company, valued at approximately $3,003,912,450. This trade represents a 0.06% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In the last 90 days, insiders have sold 39,630 shares of company stock worth $10,915,095. Corporate insiders own 56.76% of the company's stock.

IES Stock Up 3.0%

Shares of IESC traded up $8.26 during mid-day trading on Monday, hitting $281.39. 258,687 shares of the company's stock were exchanged, compared to its average volume of 176,097. IES Holdings, Inc. has a 52 week low of $129.16 and a 52 week high of $320.09. The stock's 50-day simple moving average is $242.50 and its 200-day simple moving average is $219.77. The firm has a market cap of $5.59 billion, a price-to-earnings ratio of 23.55 and a beta of 1.62.

IES (NASDAQ:IESC - Get Free Report) last announced its earnings results on Friday, May 2nd. The technology company reported $3.30 EPS for the quarter. IES had a net margin of 7.76% and a return on equity of 36.49%. The company had revenue of $834.00 million for the quarter.

Analyst Ratings Changes

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

IES Company 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.