Two Sigma Investments LP Has $3.53 Million Stake in IES Holdings, Inc. (NASDAQ:IESC)

Two Sigma Investments LP trimmed its position in IES Holdings, Inc. (NASDAQ:IESC - Free Report) by 21.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 17,582 shares of the technology company's stock after selling 4,797 shares during the period. Two Sigma Investments LP owned approximately 0.09% of IES worth $3,533,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of the company. Barclays PLC increased its position in shares of IES by 411.1% in the third quarter. Barclays PLC now owns 15,176 shares of the technology company's stock valued at $3,029,000 after acquiring an additional 12,207 shares during the last quarter. KBC Group NV grew its position in shares of IES by 52.5% in the fourth quarter. KBC Group NV now owns 401 shares of the technology company's stock valued at $81,000 after purchasing an additional 138 shares during the last quarter. Highland Capital Management LLC acquired a new position in shares of IES in the fourth quarter valued at approximately $212,000. Peterson Wealth Services boosted its stake in shares of IES by 1.2% in the fourth quarter. Peterson Wealth Services now owns 8,110 shares of the technology company's stock valued at $1,630,000 after buying an additional 100 shares during the period. Finally, Allspring Global Investments Holdings LLC boosted its stake in shares of IES by 1,856.7% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 4,070 shares of the technology company's stock valued at $818,000 after buying an additional 3,862 shares during the period. 86.60% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

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

IES Trading Up 2.9%

NASDAQ IESC traded up $7.65 on Tuesday, hitting $271.80. 203,978 shares of the company's stock were exchanged, compared to its average volume of 175,171. The stock has a 50-day moving average of $214.63 and a 200-day moving average of $221.32. IES Holdings, Inc. has a 52 week low of $124.55 and a 52 week high of $320.09. The stock has a market cap of $5.40 billion, a price-to-earnings ratio of 25.31 and a beta of 1.57.

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 (EPS) for the quarter. The company had revenue of $834.00 million during the quarter. IES had a net margin of 7.30% and a return on equity of 35.81%.

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.