Atria Investments Inc Purchases New Position in IES Holdings, Inc. $IESC

Atria Investments Inc acquired a new position in shares of IES Holdings, Inc. (NASDAQ:IESC) during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 982 shares of the technology company’s stock, valued at approximately $291,000.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Opal Wealth Advisors LLC bought a new stake in IES in the second quarter worth $25,000. Nisa Investment Advisors LLC lifted its holdings in shares of IES by 841.7% in the 2nd quarter. Nisa Investment Advisors LLC now owns 113 shares of the technology company’s stock worth $33,000 after acquiring an additional 101 shares during the last quarter. Blue Trust Inc. boosted its stake in shares of IES by 82.7% during the 2nd quarter. Blue Trust Inc. now owns 243 shares of the technology company’s stock worth $72,000 after purchasing an additional 110 shares during the period. Farther Finance Advisors LLC grew its holdings in IES by 54,800.0% during the 2nd quarter. Farther Finance Advisors LLC now owns 549 shares of the technology company’s stock valued at $163,000 after purchasing an additional 548 shares during the last quarter. Finally, ORG Partners LLC purchased a new stake in IES in the 2nd quarter worth about $207,000. 86.60% of the stock is currently owned by hedge funds and other institutional investors.

IES Stock Down 1.4%

NASDAQ:IESC opened at $389.25 on Thursday. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.85 and a quick ratio of 1.65. The firm has a market cap of $7.73 billion, a PE ratio of 29.74 and a beta of 1.70. The company has a 50-day moving average of $387.22 and a 200 day moving average of $327.32. IES Holdings, Inc. has a 1-year low of $146.51 and a 1-year high of $442.93.

Analysts Set New Price Targets

IESC has been the subject of several recent analyst reports. Weiss Ratings restated a “buy (b-)” rating on shares of IES in a research report on Tuesday. Wall Street Zen upgraded IES from a “buy” rating to a “strong-buy” rating in a report on Saturday, August 16th. One investment analyst has rated the stock with a Buy rating, According to MarketBeat, the stock currently has an average rating of “Buy”.

Insider Activity

In related news, Chairman Jeffrey L. Et Al Gendell sold 55,500 shares of IES stock in a transaction that occurred on Wednesday, September 10th. The shares were sold at an average price of $373.92, for a total transaction of $20,752,560.00. Following the transaction, the chairman directly owned 10,801,028 shares of the company’s stock, valued at $4,038,720,389.76. This trade represents a 0.51% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Insiders have sold 144,127 shares of company stock worth $53,376,290 in the last 90 days. 56.76% of the stock is currently owned by company insiders.

IES Company Profile

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.