Short Interest in IES Holdings, Inc. (NASDAQ:IESC) Rises By 17.1%

IES Holdings, Inc. (NASDAQ:IESC) was the target of a significant growth in short interest in March. As of March 31st, there was short interest totalling 171,600 shares, a growth of 17.1% from the March 15th total of 146,500 shares. Approximately 0.9% of the shares of the stock are sold short. Based on an average trading volume of 101,700 shares, the short-interest ratio is currently 1.7 days.

Insider Activity

In other news, Director Todd M. Cleveland sold 11,000 shares of the stock in a transaction that occurred on Tuesday, March 5th. The shares were sold at an average price of $114.47, for a total value of $1,259,170.00. Following the completion of the transaction, the director now directly owns 131,581 shares in the company, valued at $15,062,077.07. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In related news, CEO Jeffrey L. Et Al Gendell sold 16,300 shares of the firm’s stock in a transaction that occurred on Friday, February 2nd. The shares were sold at an average price of $87.13, for a total transaction of $1,420,219.00. Following the completion of the sale, the chief executive officer now directly owns 11,503,933 shares in the company, valued at $1,002,337,682.29. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Todd M. Cleveland sold 11,000 shares of the firm’s stock in a transaction that occurred on Tuesday, March 5th. The stock was sold at an average price of $114.47, for a total transaction of $1,259,170.00. Following the sale, the director now owns 131,581 shares of the company’s stock, valued at $15,062,077.07. The disclosure for this sale can be found here. Insiders sold 124,494 shares of company stock worth $11,986,437 over the last three months. Corporate insiders own 59.19% of the company’s stock.

Institutional Investors Weigh In On IES

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Assenagon Asset Management S.A. lifted its position in IES by 163.2% in the 4th quarter. Assenagon Asset Management S.A. now owns 19,745 shares of the technology company’s stock worth $1,564,000 after buying an additional 12,242 shares in the last quarter. FMR LLC raised its holdings in shares of IES by 12.4% during the 3rd quarter. FMR LLC now owns 1,106,623 shares of the technology company’s stock valued at $72,893,000 after purchasing an additional 121,978 shares in the last quarter. Bank of New York Mellon Corp raised its holdings in shares of IES by 27.4% during the 3rd quarter. Bank of New York Mellon Corp now owns 39,480 shares of the technology company’s stock valued at $2,601,000 after purchasing an additional 8,496 shares in the last quarter. Acadian Asset Management LLC bought a new position in shares of IES during the 3rd quarter valued at $41,000. Finally, Alps Advisors Inc. bought a new position in shares of IES during the 3rd quarter valued at $314,000. Hedge funds and other institutional investors own 86.60% of the company’s stock.

IES Stock Performance

Shares of NASDAQ:IESC opened at $119.75 on Tuesday. The company has a market cap of $2.42 billion, a PE ratio of 22.77 and a beta of 1.34. IES has a 52 week low of $41.60 and a 52 week high of $138.56. The firm has a 50 day simple moving average of $110.10 and a 200 day simple moving average of $86.11.

IES (NASDAQ:IESC) last issued its quarterly earnings results on Friday, February 2nd. The technology company reported $1.87 EPS for the quarter. The business had revenue of $634.40 million during the quarter. IES had a net margin of 4.41% and a return on equity of 26.83%.

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.