17,300 Shares in IES Holdings, Inc. (NASDAQ:IESC) Acquired by Polar Asset Management Partners Inc.

Polar Asset Management Partners Inc. bought a new position in shares of IES Holdings, Inc. (NASDAQ:IESC - Free Report) in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 17,300 shares of the technology company's stock, valued at approximately $3,453,000. Polar Asset Management Partners Inc. owned about 0.09% of IES at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Federated Hermes Inc. lifted its holdings in IES by 258.7% during the 2nd quarter. Federated Hermes Inc. now owns 269 shares of the technology company's stock valued at $37,000 after buying an additional 194 shares in the last quarter. Quest Partners LLC boosted its holdings in shares of IES by 41.0% in the second quarter. Quest Partners LLC now owns 296 shares of the technology company's stock valued at $41,000 after purchasing an additional 86 shares during the period. Gladius Capital Management LP bought a new position in IES in the third quarter worth approximately $44,000. CWM LLC increased its holdings in IES by 252.7% during the 2nd quarter. CWM LLC now owns 582 shares of the technology company's stock worth $81,000 after purchasing an additional 417 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank purchased a new position in IES during the 2nd quarter worth $170,000. 86.60% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In related news, VP Mary K. Newman sold 2,500 shares of the company's stock in a transaction on Wednesday, November 27th. The stock was sold at an average price of $286.23, for a total transaction of $715,575.00. Following the completion of the sale, the vice president now directly owns 18,286 shares in the company, valued at $5,234,001.78. This represents a 12.03 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, Director Todd M. Cleveland sold 10,000 shares of the firm's stock in a transaction dated Wednesday, September 11th. The shares were sold at an average price of $153.57, for a total value of $1,535,700.00. Following the sale, the director now directly owns 104,654 shares in the company, valued at approximately $16,071,714.78. The trade was a 8.72 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 104,708 shares of company stock worth $17,863,422. Corporate insiders own 59.19% of the company's stock.

IES Stock Performance

IES stock traded down $10.81 during midday trading on Thursday, hitting $281.41. 193,239 shares of the company's stock were exchanged, compared to its average volume of 136,919. IES Holdings, Inc. has a 12 month low of $70.97 and a 12 month high of $320.08. The company has a market cap of $5.62 billion, a PE ratio of 29.55 and a beta of 1.45. The firm has a 50-day moving average of $242.84 and a two-hundred day moving average of $185.44.

Analyst Ratings Changes

Separately, StockNews.com downgraded IES from a "buy" rating to a "hold" rating in a research report on Tuesday, November 5th.

About IES

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.