Short Interest in IES Holdings, Inc. (NASDAQ:IESC) Increases By 7.3%

IES Holdings, Inc. (NASDAQ:IESC) saw a significant increase in short interest in June. As of June 15th, there was short interest totalling 456,500 shares, an increase of 7.3% from the May 31st total of 425,400 shares. Based on an average trading volume of 160,900 shares, the short-interest ratio is currently 2.8 days. Approximately 2.3% of the company’s shares are short sold.

Insider Buying and Selling

In other news, CEO Jeffrey L. Et Al Gendell sold 25,000 shares of the firm’s stock in a transaction that occurred on Wednesday, June 12th. The stock was sold at an average price of $133.18, for a total value of $3,329,500.00. Following the completion of the sale, the chief executive officer now directly owns 11,184,845 shares of the company’s stock, valued at approximately $1,489,597,657.10. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other IES news, CEO Jeffrey L. Et Al Gendell sold 25,000 shares of the business’s stock in a transaction on Wednesday, June 12th. The shares were sold at an average price of $133.18, for a total transaction of $3,329,500.00. Following the transaction, the chief executive officer now owns 11,184,845 shares in the company, valued at $1,489,597,657.10. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Jeffrey L. Et Al Gendell sold 44,449 shares of the stock in a transaction on Monday, June 10th. The shares were sold at an average price of $130.03, for a total transaction of $5,779,703.47. Following the completion of the sale, the chief executive officer now directly owns 11,233,970 shares in the company, valued at approximately $1,460,753,119.10. The disclosure for this sale can be found here. Over the last quarter, insiders sold 133,757 shares of company stock worth $18,360,416. Corporate insiders own 59.19% of the company’s stock.

Institutional Investors Weigh In On IES

Several large investors have recently added to or reduced their stakes in IESC. Acadian Asset Management LLC bought a new stake in shares of IES during the third quarter valued at approximately $41,000. Sunbelt Securities Inc. bought a new stake in IES during the 1st quarter valued at $48,000. EntryPoint Capital LLC lifted its holdings in shares of IES by 217.0% in the 1st quarter. EntryPoint Capital LLC now owns 1,065 shares of the technology company’s stock worth $130,000 after buying an additional 729 shares during the period. Quest Partners LLC purchased a new stake in shares of IES in the 4th quarter worth $134,000. Finally, Susquehanna Portfolio Strategies LLC bought a new position in shares of IES during the 1st quarter worth $207,000. 86.60% of the stock is owned by hedge funds and other institutional investors.

IES Stock Down 0.1 %

IESC traded down $0.19 during trading hours on Tuesday, reaching $135.63. 98,897 shares of the company’s stock traded hands, compared to its average volume of 127,654. The firm has a 50-day moving average price of $146.50 and a 200 day moving average price of $116.01. The firm has a market capitalization of $2.75 billion, a PE ratio of 20.46 and a beta of 1.36. IES has a 52-week low of $53.00 and a 52-week high of $184.38.

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

Wall Street Analyst Weigh In

Separately, StockNews.com lowered IES from a “strong-buy” rating to a “buy” rating in a research report on Sunday.

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.