Seven Eight Capital LP Takes Position in IES Holdings, Inc. (NASDAQ:IESC)

Seven Eight Capital LP purchased a new position in IES Holdings, Inc. (NASDAQ:IESC) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 4,383 shares of the technology company’s stock, valued at approximately $611,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. SG Americas Securities LLC purchased a new stake in shares of IES in the second quarter worth $3,328,000. Breach Inlet Capital Management LLC purchased a new stake in IES during the 4th quarter valued at about $10,239,000. BNP Paribas Financial Markets increased its stake in IES by 31.1% during the 1st quarter. BNP Paribas Financial Markets now owns 20,727 shares of the technology company’s stock valued at $2,521,000 after purchasing an additional 4,913 shares in the last quarter. Truvestments Capital LLC purchased a new position in IES in the first quarter worth about $499,000. Finally, Acadian Asset Management LLC lifted its stake in shares of IES by 1,863.1% in the first quarter. Acadian Asset Management LLC now owns 12,446 shares of the technology company’s stock worth $1,512,000 after buying an additional 11,812 shares in the last quarter. Institutional investors own 86.60% of the company’s stock.

IES Stock Performance

NASDAQ IESC opened at $183.90 on Friday. IES Holdings, Inc. has a one year low of $59.75 and a one year high of $196.05. The stock has a 50-day moving average of $162.17 and a 200 day moving average of $144.70. The company has a market capitalization of $3.72 billion, a price-to-earnings ratio of 27.74 and a beta of 1.38.

IES (NASDAQ:IESC) last announced its quarterly earnings results on Friday, August 2nd. The technology company reported $2.67 EPS for the quarter. The firm had revenue of $768.40 million during the quarter. IES had a net margin of 6.30% and a return on equity of 34.38%.

Analyst Ratings Changes

Separately, StockNews.com cut IES from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, August 7th.

Insider Activity

In related news, CEO Jeffrey L. Et Al Gendell sold 37,347 shares of IES stock in a transaction on Monday, September 16th. The stock was sold at an average price of $160.20, for a total value of $5,982,989.40. Following the completion of the sale, the chief executive officer now owns 10,934,845 shares of the company’s stock, valued at $1,751,762,169. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, CEO Jeffrey L. Et Al Gendell sold 37,347 shares of the firm’s stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of $160.20, for a total value of $5,982,989.40. Following the transaction, the chief executive officer now owns 10,934,845 shares of the company’s stock, valued at $1,751,762,169. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Tracy Mclauchlin sold 5,000 shares of the company’s stock in a transaction that occurred on Thursday, August 15th. The shares were sold at an average price of $176.73, for a total transaction of $883,650.00. Following the sale, the chief financial officer now directly owns 64,377 shares of the company’s stock, valued at $11,377,347.21. The disclosure for this sale can be found here. Insiders have sold 160,966 shares of company stock valued at $26,003,099 in the last ninety days. 59.19% of the stock is currently owned by company insiders.

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.