Walleye Capital LLC Invests $1.13 Million in Infrastructure and Energy Alternatives, Inc. (NASDAQ:IEA)

Walleye Capital LLC purchased a new stake in shares of Infrastructure and Energy Alternatives, Inc. (NASDAQ:IEAGet Rating) in the first quarter, according to its most recent filing with the SEC. The firm purchased 95,630 shares of the company’s stock, valued at approximately $1,133,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. BNP Paribas Arbitrage SA boosted its position in Infrastructure and Energy Alternatives by 61.2% during the fourth quarter. BNP Paribas Arbitrage SA now owns 11,000 shares of the company’s stock worth $101,000 after purchasing an additional 4,175 shares in the last quarter. Acadian Asset Management LLC purchased a new stake in Infrastructure and Energy Alternatives during the fourth quarter worth $68,000. Invesco Ltd. boosted its position in Infrastructure and Energy Alternatives by 3.7% during the fourth quarter. Invesco Ltd. now owns 2,244,425 shares of the company’s stock worth $20,649,000 after purchasing an additional 80,745 shares in the last quarter. GSA Capital Partners LLP purchased a new stake in Infrastructure and Energy Alternatives during the fourth quarter worth $624,000. Finally, Ares Management LLC boosted its position in Infrastructure and Energy Alternatives by 28.9% during the fourth quarter. Ares Management LLC now owns 15,241,275 shares of the company’s stock worth $140,220,000 after purchasing an additional 3,420,236 shares in the last quarter. 85.01% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

IEA has been the topic of a number of research analyst reports. Guggenheim downgraded Infrastructure and Energy Alternatives to a “neutral” rating in a research report on Tuesday, July 26th. DA Davidson downgraded Infrastructure and Energy Alternatives from a “buy” rating to a “neutral” rating in a research report on Tuesday, July 26th. Sidoti downgraded Infrastructure and Energy Alternatives from a “buy” rating to a “neutral” rating in a research report on Monday, July 25th. Finally, Stifel Nicolaus downgraded Infrastructure and Energy Alternatives from a “buy” rating to a “hold” rating in a research report on Tuesday, July 26th.

Infrastructure and Energy Alternatives Stock Down 0.2 %

Shares of NASDAQ:IEA opened at $14.38 on Monday. The company has a quick ratio of 1.30, a current ratio of 1.30 and a debt-to-equity ratio of 15.62. Infrastructure and Energy Alternatives, Inc. has a 52-week low of $6.38 and a 52-week high of $14.60. The stock’s fifty day simple moving average is $13.27 and its 200-day simple moving average is $11.25. The company has a market capitalization of $699.08 million, a P/E ratio of -10.73 and a beta of 1.79.

Infrastructure and Energy Alternatives (NASDAQ:IEAGet Rating) last issued its quarterly earnings data on Thursday, August 4th. The company reported $0.24 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.19 by $0.05. The business had revenue of $680.60 million for the quarter, compared to the consensus estimate of $500.30 million. Infrastructure and Energy Alternatives had a negative return on equity of 387.42% and a negative net margin of 3.42%. As a group, equities research analysts forecast that Infrastructure and Energy Alternatives, Inc. will post 0.88 earnings per share for the current fiscal year.

Infrastructure and Energy Alternatives Company Profile

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Infrastructure and Energy Alternatives, Inc, through its subsidiaries, operates as a diversified infrastructure construction company in the United States. The company engages in providing engineering, procurement, and construction (EPC) services for the renewable energy, traditional power, and civil infrastructure industries.

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Institutional Ownership by Quarter for Infrastructure and Energy Alternatives (NASDAQ:IEA)

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