Walleye Capital LLC Makes New Investment in Infrastructure and Energy Alternatives, Inc. (NASDAQ:IEA)

Walleye Capital LLC bought a new position in Infrastructure and Energy Alternatives, Inc. (NASDAQ:IEAGet Rating) during the first quarter, according to its most recent Form 13F filing with the SEC. The firm bought 95,630 shares of the company’s stock, valued at approximately $1,133,000. Walleye Capital LLC owned approximately 0.20% of Infrastructure and Energy Alternatives at the end of the most recent reporting period.

A number of other institutional investors have also bought and sold shares of the business. Acadian Asset Management LLC acquired a new stake in shares of Infrastructure and Energy Alternatives during the 4th quarter worth approximately $68,000. SIR Capital Management L.P. increased its holdings in shares of Infrastructure and Energy Alternatives by 288.2% during the 4th quarter. SIR Capital Management L.P. now owns 285,940 shares of the company’s stock worth $2,631,000 after buying an additional 212,290 shares during the last quarter. Essex Investment Management Co. LLC increased its holdings in shares of Infrastructure and Energy Alternatives by 22.3% during the 1st quarter. Essex Investment Management Co. LLC now owns 225,739 shares of the company’s stock worth $2,675,000 after buying an additional 41,177 shares during the last quarter. Healthcare of Ontario Pension Plan Trust Fund increased its holdings in Infrastructure and Energy Alternatives by 515.8% in the 1st quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 238,689 shares of the company’s stock valued at $2,828,000 after purchasing an additional 199,928 shares during the last quarter. Finally, First Eagle Investment Management LLC increased its holdings in Infrastructure and Energy Alternatives by 109.9% in the 1st quarter. First Eagle Investment Management LLC now owns 174,443 shares of the company’s stock valued at $2,067,000 after purchasing an additional 91,343 shares during the last quarter. 85.01% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several analysts recently weighed in on the stock. Sidoti downgraded shares of Infrastructure and Energy Alternatives from a “buy” rating to a “neutral” rating in a report on Monday, July 25th. Guggenheim downgraded shares of Infrastructure and Energy Alternatives to a “neutral” rating in a report on Tuesday, July 26th. Stifel Nicolaus downgraded shares of Infrastructure and Energy Alternatives from a “buy” rating to a “hold” rating in a report on Tuesday, July 26th. Finally, DA Davidson downgraded shares of Infrastructure and Energy Alternatives from a “buy” rating to a “neutral” rating in a report on Tuesday, July 26th.

Infrastructure and Energy Alternatives Stock Performance

Shares of IEA stock opened at $14.38 on Monday. The company has a quick ratio of 1.30, a current ratio of 1.30 and a debt-to-equity ratio of 15.62. Infrastructure and Energy Alternatives, Inc. has a 52 week low of $6.38 and a 52 week high of $14.60. The stock has a market capitalization of $699.08 million, a PE ratio of -10.73 and a beta of 1.79. The firm has a 50 day moving average of $13.27 and a two-hundred day moving average of $11.25.

Infrastructure and Energy Alternatives (NASDAQ:IEAGet Rating) last issued its quarterly earnings results on Thursday, August 4th. The company reported $0.24 EPS for the quarter, beating the consensus estimate of $0.19 by $0.05. Infrastructure and Energy Alternatives had a negative net margin of 3.42% and a negative return on equity of 387.42%. The company had revenue of $680.60 million during the quarter, compared to analysts’ expectations of $500.30 million. On average, research analysts predict that Infrastructure and Energy Alternatives, Inc. will post 0.88 EPS for the current fiscal year.

About Infrastructure and Energy Alternatives

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Infrastructure and Energy Alternatives, Inc, through its subsidiaries, operates as a diversified infrastructure construction company in the United States. The company engages in providing engineering, procurement, and construction (EPC) services for the renewable energy, traditional power, and civil infrastructure industries.

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Institutional Ownership by Quarter for Infrastructure and Energy Alternatives (NASDAQ:IEA)

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