Short Interest in IES Holdings, Inc. (NASDAQ:IESC) Rises By 63.3%

IES Holdings, Inc. (NASDAQ:IESC) was the target of a large increase in short interest in the month of April. As of April 15th, there was short interest totalling 280,300 shares, an increase of 63.3% from the March 31st total of 171,600 shares. Based on an average daily trading volume, of 114,300 shares, the short-interest ratio is currently 2.5 days. Approximately 1.4% of the company’s shares are short sold.

Insider Activity

In other news, CFO Tracy Mclauchlin sold 5,000 shares of the stock in a transaction that occurred on Thursday, March 7th. The shares were sold at an average price of $115.14, for a total value of $575,700.00. Following the completion of the sale, the chief financial officer now owns 69,377 shares of the company’s stock, valued at approximately $7,988,067.78. The transaction was disclosed in a filing with the SEC, which is accessible through this link. In related news, CFO Tracy Mclauchlin sold 5,000 shares of the stock in a transaction that occurred on Thursday, March 7th. The shares were sold at an average price of $115.14, for a total transaction of $575,700.00. Following the completion of the transaction, the chief financial officer now owns 69,377 shares of the company’s stock, valued at approximately $7,988,067.78. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Jeffrey L. Et Al Gendell sold 3,700 shares of the stock in a transaction that occurred on Monday, February 5th. The stock was sold at an average price of $85.60, for a total transaction of $316,720.00. Following the transaction, the chief executive officer now directly owns 11,500,233 shares of the company’s stock, valued at approximately $984,419,944.80. The disclosure for this sale can be found here. Insiders sold a total of 116,294 shares of company stock valued at $11,283,205 in the last 90 days. Company insiders own 59.19% of the company’s stock.

Hedge Funds Weigh In On IES

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Assenagon Asset Management S.A. boosted its position in IES by 163.2% in the 4th quarter. Assenagon Asset Management S.A. now owns 19,745 shares of the technology company’s stock valued at $1,564,000 after buying an additional 12,242 shares during the period. FMR LLC raised its holdings in shares of IES by 12.4% in the 3rd quarter. FMR LLC now owns 1,106,623 shares of the technology company’s stock valued at $72,893,000 after purchasing an additional 121,978 shares in the last quarter. Bank of New York Mellon Corp raised its holdings in shares of IES by 27.4% in the 3rd quarter. Bank of New York Mellon Corp now owns 39,480 shares of the technology company’s stock valued at $2,601,000 after purchasing an additional 8,496 shares in the last quarter. Vanguard Group Inc. raised its holdings in shares of IES by 1.5% in the 3rd quarter. Vanguard Group Inc. now owns 436,085 shares of the technology company’s stock valued at $28,725,000 after purchasing an additional 6,517 shares in the last quarter. Finally, SG Americas Securities LLC acquired a new stake in shares of IES in the 4th quarter valued at $208,000. Hedge funds and other institutional investors own 86.60% of the company’s stock.

IES Stock Performance

NASDAQ:IESC opened at $131.11 on Friday. The stock has a market capitalization of $2.65 billion, a P/E ratio of 24.93 and a beta of 1.34. The company has a 50 day moving average price of $115.21 and a 200 day moving average price of $89.26. IES has a fifty-two week low of $42.38 and a fifty-two week high of $138.56.

IES (NASDAQ:IESC) last issued its quarterly earnings results on Friday, February 2nd. The technology company reported $1.87 EPS for the quarter. IES had a net margin of 4.41% and a return on equity of 26.83%. The company had revenue of $634.40 million during the quarter.

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.