Edge Wealth Management LLC Has $349,000 Holdings in IES Holdings, Inc. (IESC)
Edge Wealth Management LLC lessened its position in shares of IES Holdings, Inc. (NASDAQ:IESC) by 66.5% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 20,120 shares of the technology company’s stock after selling 40,000 shares during the period. Edge Wealth Management LLC owned about 0.09% of IES Holdings worth $349,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also recently bought and sold shares of IESC. Bridge City Capital LLC acquired a new position in IES Holdings during the 2nd quarter worth approximately $1,105,000. Boston Partners acquired a new position in IES Holdings during the 2nd quarter worth approximately $1,028,000. Municipal Employees Retirement System of Michigan acquired a new position in IES Holdings during the 2nd quarter worth approximately $686,000. IndexIQ Advisors LLC acquired a new position in IES Holdings during the 2nd quarter worth approximately $475,000. Finally, State Street Corp grew its holdings in IES Holdings by 20.0% during the 2nd quarter. State Street Corp now owns 128,224 shares of the technology company’s stock worth $2,327,000 after acquiring an additional 21,407 shares in the last quarter. Institutional investors own 78.87% of the company’s stock.
Separately, BidaskClub cut shares of IES Holdings from a “buy” rating to a “hold” rating in a report on Monday, July 24th.
IES Holdings, Inc. (NASDAQ:IESC) traded up 1.63% on Tuesday, reaching $18.75. 15,224 shares of the company’s stock traded hands. The stock has a 50-day moving average of $17.62 and a 200 day moving average of $17.14. IES Holdings, Inc. has a 52 week low of $14.02 and a 52 week high of $23.00. The firm has a market capitalization of $399.38 million, a P/E ratio of 3.60 and a beta of 0.64.
IES Holdings (NASDAQ:IESC) last released its quarterly earnings results on Friday, August 4th. The technology company reported $0.17 earnings per share for the quarter. IES Holdings had a net margin of 13.87% and a return on equity of 8.26%. The business had revenue of $208.30 million during the quarter. On average, equities analysts expect that IES Holdings, Inc. will post ($1.87) EPS for the current fiscal year.
IES Holdings Company 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.
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