Punch & Associates Investment Management Inc. Decreases Position in IES Holdings, Inc. (NASDAQ:IESC)

Punch & Associates Investment Management Inc. trimmed its position in shares of IES Holdings, Inc. (NASDAQ:IESC) by 82.6% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 12,579 shares of the technology company’s stock after selling 59,921 shares during the quarter. Punch & Associates Investment Management Inc. owned approximately 0.06% of IES worth $634,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Federated Hermes Inc. purchased a new stake in IES during the fourth quarter worth $26,000. Dorsey Wright & Associates lifted its position in shares of IES by 135.3% in the first quarter. Dorsey Wright & Associates now owns 981 shares of the technology company’s stock valued at $49,000 after acquiring an additional 564 shares in the last quarter. Bank of New York Mellon Corp lifted its position in shares of IES by 1.2% in the first quarter. Bank of New York Mellon Corp now owns 48,508 shares of the technology company’s stock valued at $2,446,000 after acquiring an additional 594 shares in the last quarter. Wexford Capital LP lifted its position in shares of IES by 11.1% in the first quarter. Wexford Capital LP now owns 6,165 shares of the technology company’s stock valued at $311,000 after acquiring an additional 615 shares in the last quarter. Finally, UBS Group AG lifted its position in shares of IES by 8.2% in the first quarter. UBS Group AG now owns 8,821 shares of the technology company’s stock valued at $444,000 after acquiring an additional 670 shares in the last quarter. Institutional investors own 81.84% of the company’s stock.

In related news, CEO Jeffrey L. Et Al Gendell sold 9,398 shares of the stock in a transaction dated Monday, June 7th. The stock was sold at an average price of $55.18, for a total transaction of $518,581.64. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Todd M. Cleveland sold 2,000 shares of the stock in a transaction dated Tuesday, June 8th. The stock was sold at an average price of $55.39, for a total value of $110,780.00. Following the transaction, the director now owns 154,015 shares in the company, valued at $8,530,890.85. The disclosure for this sale can be found here. Insiders sold 11,500 shares of company stock worth $634,987 over the last 90 days. Company insiders own 58.83% of the company’s stock.

Shares of NASDAQ:IESC opened at $49.98 on Thursday. IES Holdings, Inc. has a 52-week low of $22.51 and a 52-week high of $56.24. The firm has a fifty day moving average of $51.48. The stock has a market capitalization of $1.04 billion, a P/E ratio of 16.01 and a beta of 1.34.

IES (NASDAQ:IESC) last issued its quarterly earnings data on Friday, April 30th. The technology company reported $0.71 earnings per share (EPS) for the quarter. IES had a return on equity of 22.35% and a net margin of 4.08%. The business had revenue of $332.00 million for the quarter.

IES Profile

IES Holdings, Inc designs and installs integrated electrical and technology systems, and provides infrastructure products and services in the United States. Its Commercial & Industrial segment offers electrical and mechanical design, construction, and maintenance services for office buildings, manufacturing facilities, data centers, chemical plants, refineries, wind farms, solar facilities, municipal infrastructures, and health care facilities.

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Institutional Ownership by Quarter for IES (NASDAQ:IESC)

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