Virtu Financial LLC acquired a new stake in shares of IES Holdings, Inc. (NASDAQ:IESC - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 2,079 shares of the technology company's stock, valued at approximately $418,000.
Several other hedge funds also recently modified their holdings of IESC. Intech Investment Management LLC raised its position in shares of IES by 39.2% in the fourth quarter. Intech Investment Management LLC now owns 4,242 shares of the technology company's stock worth $852,000 after buying an additional 1,194 shares in the last quarter. Thrivent Financial for Lutherans lifted its position in IES by 140.3% during the fourth quarter. Thrivent Financial for Lutherans now owns 125,500 shares of the technology company's stock valued at $25,221,000 after buying an additional 73,271 shares during the period. Axxcess Wealth Management LLC grew its position in shares of IES by 6.3% in the 4th quarter. Axxcess Wealth Management LLC now owns 4,020 shares of the technology company's stock worth $808,000 after buying an additional 238 shares during the period. Harbour Investments Inc. bought a new position in shares of IES in the 4th quarter worth about $71,000. Finally, Commonwealth Equity Services LLC purchased a new position in IES during the 4th quarter valued at about $244,000. Hedge funds and other institutional investors own 86.60% of the company's stock.
Wall Street Analyst Weigh In
Separately, StockNews.com cut IES from a "buy" rating to a "hold" rating in a report on Friday, March 14th.
Check Out Our Latest Stock Analysis on IES
IES Stock Performance
IES stock traded down $3.97 during mid-day trading on Friday, hitting $166.67. The company's stock had a trading volume of 154,036 shares, compared to its average volume of 174,221. IES Holdings, Inc. has a one year low of $112.73 and a one year high of $320.09. The stock has a market cap of $3.33 billion, a PE ratio of 15.52 and a beta of 1.57. The company has a 50 day moving average of $205.07 and a 200-day moving average of $221.22.
IES (NASDAQ:IESC - Get Free Report) last posted its earnings results 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%.
IES Company Profile
(
Free Report)
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.
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