Acadian Asset Management LLC Takes $153,000 Position in IES Holdings Inc (IESC)

Acadian Asset Management LLC bought a new stake in IES Holdings Inc (NASDAQ:IESC) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 8,877 shares of the technology company’s stock, valued at approximately $153,000.

Other institutional investors have also added to or reduced their stakes in the company. IndexIQ Advisors LLC grew its position in IES by 83.0% in the third quarter. IndexIQ Advisors LLC now owns 47,884 shares of the technology company’s stock valued at $828,000 after purchasing an additional 21,719 shares in the last quarter. Bank of New York Mellon Corp grew its position in IES by 13.9% in the second quarter. Bank of New York Mellon Corp now owns 55,590 shares of the technology company’s stock valued at $1,009,000 after purchasing an additional 6,793 shares in the last quarter. Boothbay Fund Management LLC grew its position in IES by 27.1% in the third quarter. Boothbay Fund Management LLC now owns 45,258 shares of the technology company’s stock valued at $783,000 after purchasing an additional 9,646 shares in the last quarter. Vanguard Group Inc. grew its position in IES by 2.3% in the second quarter. Vanguard Group Inc. now owns 342,436 shares of the technology company’s stock valued at $6,215,000 after purchasing an additional 7,703 shares in the last quarter. Finally, Malaga Cove Capital LLC grew its position in IES by 82.2% in the third quarter. Malaga Cove Capital LLC now owns 38,042 shares of the technology company’s stock valued at $679,000 after purchasing an additional 17,167 shares in the last quarter. 78.58% of the stock is owned by institutional investors and hedge funds.

Separately, BidaskClub upgraded shares of IES from a “hold” rating to a “buy” rating in a research note on Thursday, December 14th.

Shares of IES Holdings Inc (IESC) opened at $16.40 on Thursday. The company has a market cap of $391.23, a price-to-earnings ratio of -17.26 and a beta of 0.71. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.54 and a quick ratio of 1.43. IES Holdings Inc has a 12 month low of $14.05 and a 12 month high of $21.95.

IES (NASDAQ:IESC) last announced its quarterly earnings results on Friday, December 8th. The technology company reported $0.28 EPS for the quarter. The firm had revenue of $206.60 million during the quarter. IES had a net margin of 1.65% and a return on equity of 7.28%.

In other news, Director Todd M. Cleveland purchased 1,500 shares of the business’s stock in a transaction on Friday, December 29th. The stock was purchased at an average price of $17.03 per share, for a total transaction of $25,545.00. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 61.70% of the company’s stock.

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IES Profile

IES Holdings, Inc, formerly Integrated Electrical Services, Inc, is a holding company that owns and manages diverse operating subsidiaries across a range of infrastructure-related end markets. The Company operates through four segments: Communications, Residential, Commercial & Industrial, and Infrastructure Solutions.

Institutional Ownership by Quarter for IES (NASDAQ:IESC)

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