IES Holdings, Inc. (NASDAQ:IESC) Short Interest Up 50.7% in May

IES Holdings, Inc. (NASDAQ:IESC) saw a large increase in short interest in the month of May. As of May 31st, there was short interest totalling 425,400 shares, an increase of 50.7% from the May 15th total of 282,200 shares. Based on an average daily trading volume, of 156,700 shares, the short-interest ratio is currently 2.7 days. Currently, 2.2% of the company’s shares are sold short.

Analyst Ratings Changes

Separately, StockNews.com lowered shares of IES from a “strong-buy” rating to a “buy” rating in a research note on Friday.

Insider Buying and Selling at IES

In other IES news, CEO Jeffrey L. Et Al Gendell sold 44,449 shares of the business’s stock in a transaction dated Monday, June 10th. The shares were sold at an average price of $130.03, for a total value of $5,779,703.47. Following the completion of the sale, the chief executive officer now directly owns 11,233,970 shares of the company’s stock, valued at approximately $1,460,753,119.10. The transaction was disclosed in a filing with the SEC, which is available through this link. In other news, COO Matthew J. Simmes sold 14,000 shares of the company’s stock in a transaction that occurred on Tuesday, May 7th. The shares were sold at an average price of $170.52, for a total value of $2,387,280.00. Following the completion of the sale, the chief operating officer now owns 73,110 shares of the company’s stock, valued at approximately $12,466,717.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Jeffrey L. Et Al Gendell sold 44,449 shares of the business’s stock in a transaction that occurred on Monday, June 10th. The stock was sold at an average price of $130.03, for a total transaction of $5,779,703.47. Following the transaction, the chief executive officer now owns 11,233,970 shares of the company’s stock, valued at approximately $1,460,753,119.10. The disclosure for this sale can be found here. Insiders sold a total of 133,757 shares of company stock valued at $18,360,416 in the last three months. Company insiders own 59.19% of the company’s stock.

Institutional Trading of IES

Hedge funds have recently added to or reduced their stakes in the company. Acadian Asset Management LLC purchased a new position in IES during the third quarter valued at $41,000. Sunbelt Securities Inc. acquired a new stake in shares of IES in the first quarter valued at about $48,000. EntryPoint Capital LLC raised its position in shares of IES by 217.0% in the first quarter. EntryPoint Capital LLC now owns 1,065 shares of the technology company’s stock valued at $130,000 after buying an additional 729 shares during the last quarter. Quest Partners LLC acquired a new stake in shares of IES in the fourth quarter valued at about $134,000. Finally, Susquehanna Portfolio Strategies LLC acquired a new stake in IES during the first quarter worth about $207,000. 86.60% of the stock is owned by hedge funds and other institutional investors.

IES Price Performance

IES stock traded down $3.86 during mid-day trading on Friday, reaching $133.45. 123,905 shares of the company traded hands, compared to its average volume of 162,014. IES has a fifty-two week low of $51.99 and a fifty-two week high of $184.38. The company has a market capitalization of $2.70 billion, a price-to-earnings ratio of 20.13 and a beta of 1.36. The firm’s fifty day moving average is $143.33 and its two-hundred day moving average is $110.56.

IES (NASDAQ:IESC) last released its quarterly earnings data on Friday, May 3rd. The technology company reported $2.29 EPS for the quarter. The business had revenue of $705.80 million for the quarter. IES had a net margin of 5.27% and a return on equity of 30.22%.

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.