Assenagon Asset Management S.A. lowered its holdings in IES Holdings, Inc. (NASDAQ:IESC – Free Report) by 82.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 14,796 shares of the technology company’s stock after selling 69,983 shares during the period. Assenagon Asset Management S.A. owned about 0.07% of IES worth $2,973,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other hedge funds have also added to or reduced their stakes in IESC. Federated Hermes Inc. grew its position in IES by 258.7% in the second quarter. Federated Hermes Inc. now owns 269 shares of the technology company’s stock valued at $37,000 after purchasing an additional 194 shares in the last quarter. Gladius Capital Management LP bought a new position in IES in the third quarter valued at $44,000. City State Bank bought a new position in shares of IES in the 4th quarter valued at about $106,000. CWM LLC grew its position in shares of IES by 17.2% in the 3rd quarter. CWM LLC now owns 682 shares of the technology company’s stock valued at $136,000 after acquiring an additional 100 shares during the period. Finally, Quest Partners LLC grew its position in shares of IES by 159.5% in the 3rd quarter. Quest Partners LLC now owns 768 shares of the technology company’s stock valued at $153,000 after acquiring an additional 472 shares during the period. Institutional investors own 86.60% of the company’s stock.
IES Price Performance
Shares of IESC opened at $276.32 on Wednesday. The firm has a 50-day moving average of $247.49 and a 200-day moving average of $207.23. IES Holdings, Inc. has a one year low of $80.86 and a one year high of $320.08. The company has a market cap of $5.53 billion, a PE ratio of 27.94 and a beta of 1.52.
Analyst Ratings Changes
Get Our Latest Research Report on IESC
Insider Activity
In other news, CEO Jeffrey L. Et Al Gendell sold 12,389 shares of the firm’s stock in a transaction dated Wednesday, December 11th. The shares were sold at an average price of $257.37, for a total transaction of $3,188,556.93. Following the completion of the sale, the chief executive officer now owns 10,958,900 shares in the company, valued at approximately $2,820,492,093. This trade represents a 0.11 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CFO Tracy Mclauchlin sold 5,000 shares of the firm’s stock in a transaction dated Thursday, December 12th. The stock was sold at an average price of $253.02, for a total transaction of $1,265,100.00. Following the sale, the chief financial officer now owns 71,177 shares of the company’s stock, valued at approximately $18,009,204.54. This represents a 6.56 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 27,359 shares of company stock valued at $7,341,029 in the last quarter. Company insiders own 56.76% of the company’s stock.
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.
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