Ritholtz Wealth Management decreased its stake in IES Holdings, Inc. (NASDAQ:IESC - Free Report) by 34.3% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 2,140 shares of the technology company's stock after selling 1,116 shares during the quarter. Ritholtz Wealth Management's holdings in IES were worth $353,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also recently bought and sold shares of the company. City State Bank lifted its holdings in IES by 127.6% in the first quarter. City State Bank now owns 1,195 shares of the technology company's stock valued at $197,000 after acquiring an additional 670 shares during the period. Annex Advisory Services LLC increased its holdings in shares of IES by 35.6% during the 1st quarter. Annex Advisory Services LLC now owns 13,423 shares of the technology company's stock valued at $2,216,000 after purchasing an additional 3,522 shares in the last quarter. Contravisory Investment Management Inc. lifted its stake in shares of IES by 162.5% in the 1st quarter. Contravisory Investment Management Inc. now owns 882 shares of the technology company's stock valued at $146,000 after purchasing an additional 546 shares during the period. Rhumbline Advisers boosted its holdings in IES by 3.0% during the first quarter. Rhumbline Advisers now owns 12,663 shares of the technology company's stock worth $2,091,000 after buying an additional 366 shares in the last quarter. Finally, GAMMA Investing LLC grew its position in IES by 17,886.4% during the first quarter. GAMMA Investing LLC now owns 42,268 shares of the technology company's stock valued at $69,790,000 after buying an additional 42,033 shares during the period. 86.60% of the stock is owned by institutional investors and hedge funds.
IES Stock Performance
Shares of IES stock traded down $1.81 on Friday, hitting $273.13. The company's stock had a trading volume of 239,608 shares, compared to its average volume of 175,866. The company has a market capitalization of $5.42 billion, a price-to-earnings ratio of 22.86 and a beta of 1.62. IES Holdings, Inc. has a 1 year low of $126.07 and a 1 year high of $320.09. The firm has a fifty day moving average price of $240.65 and a 200-day moving average price of $220.61.
IES (NASDAQ:IESC - Get Free Report) last issued its quarterly earnings data 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 return on equity of 36.49% and a net margin of 7.76%.
Insider Activity at IES
In other news, CEO Jeffrey L. Et Al Gendell sold 6,722 shares of the business's stock in a transaction dated 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 completion of the sale, the chief executive officer now owns 10,923,318 shares of the company's stock, valued at $3,003,912,450. The trade was a 0.06% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In the last quarter, insiders have sold 39,630 shares of company stock valued at $10,915,095. 56.76% of the stock is owned by company insiders.
Wall Street Analyst Weigh In
Separately, Wall Street Zen downgraded shares of IES from a "buy" rating to a "hold" rating in a research report on Friday, March 14th.
Check Out Our Latest Report on IESC
IES Company Profile
(
Free Report)
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.
Further Reading
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