IES Holdings, Inc. (NASDAQ:IESC) Shares Acquired by Steamboat Capital Partners LLC

Steamboat Capital Partners LLC increased its holdings in shares of IES Holdings, Inc. (NASDAQ:IESC) by 142.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 11,833 shares of the technology company’s stock after purchasing an additional 6,943 shares during the period. Steamboat Capital Partners LLC owned approximately 0.06% of IES worth $2,378,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in IESC. J.Safra Asset Management Corp grew its position in IES by 56.8% during the fourth quarter. J.Safra Asset Management Corp now owns 138 shares of the technology company’s stock valued at $28,000 after buying an additional 50 shares during the period. Smithfield Trust Co acquired a new stake in shares of IES in the fourth quarter valued at about $34,000. National Bank of Canada FI acquired a new stake in shares of IES in the fourth quarter valued at about $54,000. Harbour Investments Inc. acquired a new stake in shares of IES in the fourth quarter valued at about $71,000. Finally, Jones Financial Companies Lllp acquired a new stake in shares of IES in the fourth quarter valued at about $74,000. Institutional investors and hedge funds own 86.60% of the company’s stock.

IES Trading Up 2.9%

IESC opened at $270.42 on Friday. The firm’s 50-day moving average price is $197.59 and its 200 day moving average price is $221.84. IES Holdings, Inc. has a twelve month low of $124.55 and a twelve month high of $320.09. The firm has a market capitalization of $5.37 billion, a PE ratio of 25.18 and a beta of 1.57.

IES (NASDAQ:IESC) last issued its earnings results on Friday, May 2nd. The technology company reported $3.30 EPS for the quarter. IES had a net margin of 7.30% and a return on equity of 35.81%. The company had revenue of $834.00 million for the quarter.

Wall Street Analyst Weigh In

Separately, StockNews.com lowered shares of IES from a “buy” rating to a “hold” rating in a research report on Friday, March 14th.

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.