IES Holdings, Inc. (NASDAQ:IESC) Short Interest Update

IES Holdings, Inc. (NASDAQ:IESC) was the recipient of a large increase in short interest in the month of December. As of December 31st, there was short interest totalling 444,400 shares, an increase of 11.9% from the December 15th total of 397,200 shares. Based on an average daily trading volume, of 167,200 shares, the short-interest ratio is currently 2.7 days. Currently, 2.3% of the company’s shares are short sold.

Insider Activity at IES

In other IES news, CEO Jeffrey L. Et Al Gendell sold 470 shares of the company’s stock in a transaction on Monday, December 16th. The stock was sold at an average price of $252.25, for a total transaction of $118,557.50. Following the transaction, the chief executive officer now directly owns 10,957,184 shares in the company, valued at $2,763,949,664. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Mary K. Newman sold 2,500 shares of IES stock in a transaction on Wednesday, November 27th. The shares were sold at an average price of $286.23, for a total value of $715,575.00. Following the completion of the sale, the vice president now directly owns 18,286 shares of the company’s stock, valued at $5,234,001.78. The trade was a 12.03 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 27,359 shares of company stock worth $7,341,029. Company insiders own 56.76% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Rhumbline Advisers grew its position in shares of IES by 1.6% during the second quarter. Rhumbline Advisers now owns 12,400 shares of the technology company’s stock worth $1,728,000 after buying an additional 197 shares in the last quarter. Victory Capital Management Inc. raised its holdings in shares of IES by 106.9% in the 2nd quarter. Victory Capital Management Inc. now owns 10,014 shares of the technology company’s stock valued at $1,395,000 after purchasing an additional 5,173 shares in the last quarter. American Century Companies Inc. lifted its position in shares of IES by 57.9% during the 2nd quarter. American Century Companies Inc. now owns 55,167 shares of the technology company’s stock worth $7,686,000 after purchasing an additional 20,240 shares during the last quarter. Federated Hermes Inc. grew its stake in shares of IES by 258.7% during the second quarter. Federated Hermes Inc. now owns 269 shares of the technology company’s stock worth $37,000 after purchasing an additional 194 shares in the last quarter. Finally, Renaissance Technologies LLC raised its stake in IES by 2.8% in the second quarter. Renaissance Technologies LLC now owns 186,532 shares of the technology company’s stock valued at $25,990,000 after buying an additional 5,100 shares in the last quarter. 86.60% of the stock is owned by institutional investors and hedge funds.

IES Stock Up 0.5 %

IESC stock traded up $1.27 during midday trading on Friday, hitting $256.69. The company’s stock had a trading volume of 98,563 shares, compared to its average volume of 165,093. The firm has a 50-day simple moving average of $248.28 and a 200-day simple moving average of $205.04. The firm has a market capitalization of $5.14 billion, a P/E ratio of 25.95 and a beta of 1.52. IES has a 52-week low of $80.86 and a 52-week high of $320.08.

Wall Street Analysts Forecast Growth

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

IES Company 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.