IES Holdings, Inc. (NASDAQ:IESC) Shares Sold by SG Americas Securities LLC

SG Americas Securities LLC lessened its holdings in IES Holdings, Inc. (NASDAQ:IESC - Free Report) by 36.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,668 shares of the technology company's stock after selling 2,121 shares during the period. SG Americas Securities LLC's holdings in IES were worth $737,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently bought and sold shares of IESC. Marshall Wace LLP purchased a new stake in IES during the 2nd quarter worth approximately $632,000. The Manufacturers Life Insurance Company lifted its stake in shares of IES by 4.5% in the second 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 in the last quarter. Cetera Investment Advisers grew its position in shares of IES by 2.2% in the second quarter. Cetera Investment Advisers now owns 8,690 shares of the technology company's stock valued at $1,211,000 after purchasing an additional 190 shares in the last quarter. Handelsbanken Fonder AB increased its stake in shares of IES by 28.0% in the 3rd quarter. Handelsbanken Fonder AB now owns 3,200 shares of the technology company's stock worth $639,000 after acquiring an additional 700 shares during the last quarter. Finally, City Center Advisors LLC acquired a new position in IES in the 3rd quarter valued at about $421,000. Institutional investors and hedge funds own 86.60% of the company's stock.

Analyst Upgrades and Downgrades

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

Insider Buying and Selling at IES

In other IES news, 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 transaction, the vice president now directly owns 18,286 shares in the company, valued at approximately $5,234,001.78. The trade was a 12.03 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO Tracy Mclauchlin sold 5,000 shares of the business's stock in a transaction dated Thursday, December 12th. The shares were sold at an average price of $253.02, for a total value of $1,265,100.00. Following the completion of the transaction, the chief financial officer now owns 71,177 shares in the company, valued at $18,009,204.54. This trade represents a 6.56 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 27,359 shares of company stock worth $7,341,029 over the last ninety days. Corporate insiders own 56.76% of the company's stock.

IES Trading Up 5.3 %

IESC traded up $11.41 during mid-day trading on Thursday, hitting $226.94. 216,574 shares of the stock were exchanged, compared to its average volume of 213,662. The company has a market cap of $4.54 billion, a PE ratio of 22.95 and a beta of 1.52. The firm's fifty day moving average is $246.36 and its two-hundred day moving average is $211.45. IES Holdings, Inc. has a 1-year low of $81.89 and a 1-year high of $320.08.

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.