Andina Capital Management LLC Sells 1,480 Shares of IES Holdings, Inc. (NASDAQ:IESC)

Andina Capital Management LLC lowered its position in IES Holdings, Inc. (NASDAQ:IESC - Free Report) by 59.3% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,016 shares of the technology company's stock after selling 1,480 shares during the quarter. Andina Capital Management LLC's holdings in IES were worth $204,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of the company. Gabelli Funds LLC bought a new position in shares of IES during the 2nd quarter worth approximately $209,000. Marshall Wace LLP bought a new position in shares of IES during the 2nd quarter worth approximately $632,000. Cubist Systematic Strategies LLC lifted its position in shares of IES by 42.1% during the 2nd quarter. Cubist Systematic Strategies LLC now owns 22,175 shares of the technology company's stock worth $3,090,000 after buying an additional 6,568 shares during the period. The Manufacturers Life Insurance Company lifted its position in shares of IES by 4.5% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 7,434 shares of the technology company's stock worth $1,036,000 after buying an additional 322 shares during the period. Finally, Scientech Research LLC bought a new position in shares of IES during the 2nd quarter worth approximately $248,000. Institutional investors own 86.60% of the company's stock.

IES Stock Down 6.2 %

IESC traded down $18.70 during trading on Friday, hitting $285.04. The company's stock had a trading volume of 155,677 shares, compared to its average volume of 140,266. The firm's 50 day moving average price is $249.80 and its two-hundred day moving average price is $210.13. IES Holdings, Inc. has a 12 month low of $80.86 and a 12 month high of $320.08. The stock has a market capitalization of $5.70 billion, a price-to-earnings ratio of 28.82 and a beta of 1.52.

Insider Buying and Selling at IES

In other news, CEO Jeffrey L. Et Al Gendell sold 12,389 shares of IES stock in a transaction on Wednesday, December 11th. The stock was sold at an average price of $257.37, for a total value of $3,188,556.93. Following the completion of the sale, the chief executive officer now directly owns 10,958,900 shares of the company's stock, valued at approximately $2,820,492,093. This trade represents a 0.11 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Mary K. Newman sold 2,500 shares of IES stock in a transaction on Wednesday, November 27th. The shares were sold at an average price of $286.23, for a total value of $715,575.00. Following the completion of the sale, the vice president now directly owns 18,286 shares of the company's stock, valued at $5,234,001.78. This trade represents a 12.03 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 27,359 shares of company stock worth $7,341,029. 56.76% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Separately, StockNews.com downgraded IES from a "buy" rating to a "hold" rating in a research report on Wednesday.

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.