Renaissance Technologies LLC Sells 15,200 Shares of IES Holdings, Inc. (NASDAQ:IESC)

Renaissance Technologies LLC reduced its stake in shares of IES Holdings, Inc. (NASDAQ:IESC - Free Report) by 8.5% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 163,532 shares of the technology company's stock after selling 15,200 shares during the quarter. Renaissance Technologies LLC owned about 0.82% of IES worth $32,863,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. J.Safra Asset Management Corp lifted its position in IES by 56.8% in the fourth quarter. J.Safra Asset Management Corp now owns 138 shares of the technology company's stock worth $28,000 after buying an additional 50 shares during the last quarter. Smithfield Trust Co bought a new stake in shares of IES in the 4th quarter worth about $34,000. National Bank of Canada FI purchased a new position in shares of IES during the 4th quarter worth about $54,000. Harbour Investments Inc. purchased a new stake in IES in the 4th quarter worth about $71,000. Finally, Jones Financial Companies Lllp bought a new stake in IES in the fourth quarter worth about $74,000. 86.60% of the stock is currently owned by hedge funds and other institutional investors.

IES Price Performance

Shares of NASDAQ:IESC traded down $2.76 on Thursday, hitting $183.42. 36,993 shares of the company's stock were exchanged, compared to its average volume of 176,636. The stock has a market capitalization of $3.67 billion, a price-to-earnings ratio of 17.02 and a beta of 1.51. IES Holdings, Inc. has a 12 month low of $112.73 and a 12 month high of $320.09. The business's 50 day simple moving average is $184.52 and its two-hundred day simple moving average is $220.49.

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 for the quarter. IES had a net margin of 7.30% and a return on equity of 35.81%.

Wall Street Analysts Forecast Growth

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

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.