AlphaQuest LLC Reduces Stock Holdings in IES Holdings, Inc. (NASDAQ:IESC)

AlphaQuest LLC decreased its position in IES Holdings, Inc. (NASDAQ:IESC) by 52.1% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 368 shares of the technology company’s stock after selling 400 shares during the period. AlphaQuest LLC’s holdings in IES were worth $74,000 as of its most recent SEC filing.

Other institutional investors have also bought and sold shares of the company. J.Safra Asset Management Corp lifted its stake in IES by 56.8% in the fourth quarter. J.Safra Asset Management Corp now owns 138 shares of the technology company’s stock valued at $28,000 after purchasing an additional 50 shares during the last quarter. Smithfield Trust Co bought a new stake in IES during the 4th quarter valued at $34,000. Jones Financial Companies Lllp bought a new stake in IES during the 4th quarter valued at $74,000. KBC Group NV raised its holdings in IES by 52.5% during the 4th quarter. KBC Group NV now owns 401 shares of the technology company’s stock valued at $81,000 after acquiring an additional 138 shares during the period. Finally, City State Bank bought a new stake in IES during the 4th quarter valued at $106,000. Hedge funds and other institutional investors own 86.60% of the company’s stock.

Analyst Upgrades and Downgrades

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

IES Price Performance

Shares of IESC stock opened at $189.44 on Thursday. The company’s fifty day simple moving average is $213.38 and its two-hundred day simple moving average is $220.10. IES Holdings, Inc. has a 1 year low of $106.34 and a 1 year high of $320.09. The stock has a market capitalization of $3.79 billion, a price-to-earnings ratio of 17.64 and a beta of 1.57.

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

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.