IES Holdings, Inc. (NASDAQ:IESC) Shares Sold by Ritholtz Wealth Management

Ritholtz Wealth Management cut its stake in IES Holdings, Inc. (NASDAQ:IESC) by 2.4% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 3,256 shares of the technology company’s stock after selling 81 shares during the period. Ritholtz Wealth Management’s holdings in IES were worth $654,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of IESC. American Century Companies Inc. lifted its position in IES by 57.9% in the second quarter. American Century Companies Inc. now owns 55,167 shares of the technology company’s stock valued at $7,686,000 after acquiring an additional 20,240 shares during the last quarter. Federated Hermes Inc. increased its stake in IES by 258.7% in the second quarter. Federated Hermes Inc. now owns 269 shares of the technology company’s stock valued at $37,000 after purchasing an additional 194 shares during the period. XTX Topco Ltd increased its stake in IES by 64.2% in the second quarter. XTX Topco Ltd now owns 4,314 shares of the technology company’s stock valued at $601,000 after purchasing an additional 1,686 shares during the period. Gabelli Funds LLC acquired a new position in IES in the second quarter valued at $209,000. Finally, Apis Capital Advisors LLC acquired a new position in IES in the second quarter valued at $6,409,000. 86.60% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Separately, StockNews.com upgraded shares of IES from a “hold” rating to a “buy” rating in a research note on Tuesday, December 10th.

Insider Buying and Selling at IES

In other IES news, VP Mary K. Newman sold 2,500 shares of the stock in a transaction that occurred on Wednesday, November 27th. The shares were sold at an average price of $286.23, for a total transaction of $715,575.00. Following the transaction, the vice president now owns 18,286 shares of the company’s stock, valued at $5,234,001.78. This trade represents a 12.03 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Jeffrey L. Et Al Gendell sold 12,389 shares of the stock in a transaction that occurred on Wednesday, December 11th. The stock was sold at an average price of $257.37, for a total transaction of $3,188,556.93. Following the transaction, the chief executive officer now directly owns 10,958,900 shares in the company, valued at approximately $2,820,492,093. This represents a 0.11 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 27,359 shares of company stock valued at $7,341,029 over the last quarter. Corporate insiders own 56.76% of the company’s stock.

IES Trading Up 0.5 %

Shares of IESC opened at $256.69 on Tuesday. The firm’s 50-day moving average is $247.56 and its two-hundred day moving average is $206.26. IES Holdings, Inc. has a twelve month low of $80.86 and a twelve month high of $320.08. The firm has a market capitalization of $5.14 billion, a P/E ratio of 25.95 and a beta of 1.52.

IES 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.