Portolan Capital Management LLC Has $439,000 Stake in IES Holdings, Inc. (NASDAQ:IESC)

Portolan Capital Management LLC trimmed its position in IES Holdings, Inc. (NASDAQ:IESC - Free Report) by 94.5% during the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 2,186 shares of the technology company's stock after selling 37,205 shares during the period. Portolan Capital Management LLC's holdings in IES were worth $439,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Vanguard Group Inc. raised its stake in IES by 38.9% during the 4th quarter. Vanguard Group Inc. now owns 753,331 shares of the technology company's stock worth $151,389,000 after buying an additional 210,925 shares during the period. Geode Capital Management LLC raised its stake in shares of IES by 17.0% in the 4th quarter. Geode Capital Management LLC now owns 244,620 shares of the technology company's stock valued at $49,168,000 after purchasing an additional 35,474 shares during the period. State Street Corp lifted its position in shares of IES by 3.2% in the third quarter. State Street Corp now owns 209,943 shares of the technology company's stock worth $41,909,000 after purchasing an additional 6,492 shares in the last quarter. Invesco Ltd. grew its stake in IES by 27.6% in the fourth quarter. Invesco Ltd. now owns 200,799 shares of the technology company's stock valued at $40,353,000 after purchasing an additional 43,449 shares in the last quarter. Finally, Franklin Resources Inc. increased its stake in shares of IES by 4.6% during the 4th quarter. Franklin Resources Inc. now owns 162,561 shares of the technology company's stock worth $32,668,000 after purchasing an additional 7,135 shares during the last quarter. 86.60% of the stock is owned by institutional investors and hedge funds.

IES Stock Performance

Shares of IESC stock traded down $3.18 during trading on Friday, hitting $183.00. The company had a trading volume of 94,120 shares, compared to its average volume of 177,843. The firm has a market capitalization of $3.66 billion, a P/E ratio of 17.04 and a beta of 1.51. IES Holdings, Inc. has a one year low of $115.12 and a one year high of $320.09. The stock's 50-day moving average price is $182.89 and its 200 day moving average price is $220.42.

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

Analyst Ratings Changes

Separately, StockNews.com downgraded shares of IES from a "buy" rating to a "hold" rating in a research report on Friday, March 14th.

IES 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.