Cynosure Group LLC Sells 754 Shares of IES Holdings, Inc. (NASDAQ:IESC)

Cynosure Group LLC lessened its stake in shares of IES Holdings, Inc. (NASDAQ:IESC) by 35.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,349 shares of the technology company’s stock after selling 754 shares during the quarter. Cynosure Group LLC’s holdings in IES were worth $271,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. J.Safra Asset Management Corp lifted its stake in shares of IES by 56.8% during the 4th quarter. J.Safra Asset Management Corp now owns 138 shares of the technology company’s stock worth $28,000 after purchasing an additional 50 shares during the last quarter. Smithfield Trust Co purchased a new stake in shares of IES during the fourth quarter valued at about $34,000. National Bank of Canada FI bought a new stake in shares of IES in the 4th quarter valued at about $54,000. Harbour Investments Inc. purchased a new position in shares of IES in the 4th quarter worth approximately $71,000. Finally, Jones Financial Companies Lllp purchased a new stake in IES during the fourth quarter valued at approximately $74,000. 86.60% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

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

IES Stock Performance

IES stock opened at $160.58 on Friday. The stock has a market cap of $3.21 billion, a PE ratio of 14.95 and a beta of 1.51. The stock has a 50-day moving average of $193.02 and a two-hundred day moving average of $221.07. IES Holdings, Inc. has a one year low of $112.73 and a one year high of $320.09.

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

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.