Colonial River Investments LLC Acquires 249 Shares of IES Holdings, Inc. (NASDAQ:IESC)

Colonial River Investments LLC raised its holdings in IES Holdings, Inc. (NASDAQ:IESC) by 6.6% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,043 shares of the technology company’s stock after purchasing an additional 249 shares during the quarter. Colonial River Investments LLC’s holdings in IES were worth $812,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently bought and sold shares of IESC. Gladius Capital Management LP bought a new position in IES in the 3rd quarter valued at $44,000. KBC Group NV grew its stake in IES by 52.5% in the 4th quarter. KBC Group NV now owns 401 shares of the technology company’s stock valued at $81,000 after purchasing an additional 138 shares during the period. City State Bank bought a new position in IES in the 4th quarter valued at $106,000. Quest Partners LLC lifted its position in shares of IES by 159.5% during the 3rd quarter. Quest Partners LLC now owns 768 shares of the technology company’s stock valued at $153,000 after buying an additional 472 shares during the last quarter. Finally, Callahan Advisors LLC purchased a new position in shares of IES during the 4th quarter valued at $201,000. Institutional investors own 86.60% of the company’s stock.

Insider Buying and Selling

In related news, CEO Jeffrey L. Et Al Gendell sold 470 shares of the stock in a transaction dated Monday, December 16th. The stock was sold at an average price of $252.25, for a total transaction of $118,557.50. Following the sale, the chief executive officer now owns 10,957,184 shares of the company’s stock, valued at approximately $2,763,949,664. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO Tracy Mclauchlin sold 5,000 shares of the stock in a transaction dated Thursday, December 12th. The stock was sold at an average price of $253.02, for a total value of $1,265,100.00. Following the sale, the chief financial officer now directly owns 71,177 shares in the company, valued at $18,009,204.54. This trade represents a 6.56 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 27,359 shares of company stock valued at $7,341,029. Corporate insiders own 56.76% of the company’s stock.

Analyst Ratings Changes

Separately, StockNews.com raised IES from a “hold” rating to a “buy” rating in a research report on Wednesday, February 12th.

IES Price Performance

Shares of NASDAQ IESC opened at $193.35 on Monday. IES Holdings, Inc. has a one year low of $99.16 and a one year high of $320.08. The business’s fifty day moving average price is $227.25 and its 200-day moving average price is $220.36. The stock has a market capitalization of $3.87 billion, a PE ratio of 18.00 and a beta of 1.52.

IES (NASDAQ:IESC) last issued its quarterly earnings results on Tuesday, February 4th. The technology company reported $2.64 EPS for the quarter. IES had a return on equity of 35.81% and a net margin of 7.30%.

IES 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.