HighTower Advisors LLC Buys New Stake in IES Holdings, Inc. (NASDAQ:IESC)

HighTower Advisors LLC bought a new position in IES Holdings, Inc. (NASDAQ:IESC - Free Report) during the fourth quarter, according to its most recent 13F filing with the SEC. The fund bought 1,582 shares of the technology company's stock, valued at approximately $318,000.

Several other hedge funds have also recently made changes to their positions in IESC. Moran Wealth Management LLC lifted its stake in shares of IES by 1.8% in the 4th quarter. Moran Wealth Management LLC now owns 3,401 shares of the technology company's stock valued at $683,000 after purchasing an additional 61 shares during the last quarter. Raymond James Financial Inc. bought a new stake in shares of IES in the 4th quarter worth about $2,361,000. Smithfield Trust Co bought a new position in IES during the 4th quarter valued at about $34,000. J.Safra Asset Management Corp raised its position in IES by 56.8% in the 4th quarter. J.Safra Asset Management Corp now owns 138 shares of the technology company's stock worth $28,000 after purchasing an additional 50 shares during the period. Finally, Charles Schwab Investment Management Inc. lifted its stake in IES by 6.1% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 81,457 shares of the technology company's stock worth $16,370,000 after purchasing an additional 4,718 shares during the last quarter. 86.60% of the stock is currently owned by hedge funds and other institutional investors.

IES Stock Down 0.6 %

IESC traded down $1.05 on Friday, reaching $160.58. 351,180 shares of the company traded hands, compared to its average volume of 174,627. The company has a market cap of $3.21 billion, a P/E ratio of 14.95 and a beta of 1.51. The firm has a fifty day simple moving average of $193.02 and a two-hundred day simple moving average of $221.86. IES Holdings, Inc. has a one year low of $112.73 and a one year high of $320.09.

IES (NASDAQ:IESC - Get Free Report) last announced its quarterly earnings data on Tuesday, February 4th. The technology company reported $2.64 earnings per share (EPS) for the quarter. IES had a return on equity of 35.81% and a net margin of 7.30%.

Wall Street Analyst Weigh In

Separately, StockNews.com lowered IES from a "buy" rating to a "hold" rating in a research note 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.