Royce & Associates LP raised its holdings in shares of Infrastructure and Energy Alternatives (NYSE:IEA) by 15.3% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 755,000 shares of the company’s stock after acquiring an additional 100,000 shares during the quarter. Royce & Associates LP owned about 3.50% of Infrastructure and Energy Alternatives worth $7,928,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also modified their holdings of IEA. Millennium Management LLC purchased a new position in shares of Infrastructure and Energy Alternatives during the 1st quarter worth about $313,000. Acadian Asset Management LLC purchased a new position in shares of Infrastructure and Energy Alternatives during the 2nd quarter worth about $483,000. Rhumbline Advisers purchased a new position in shares of Infrastructure and Energy Alternatives during the 2nd quarter worth about $144,000. Bank of New York Mellon Corp purchased a new position in shares of Infrastructure and Energy Alternatives during the 2nd quarter worth about $394,000. Finally, Schwab Charles Investment Management Inc. purchased a new position in shares of Infrastructure and Energy Alternatives during the 2nd quarter worth about $307,000.

IEA has been the subject of a number of recent analyst reports. DA Davidson initiated coverage on shares of Infrastructure and Energy Alternatives in a research note on Thursday, November 1st. They set a “neutral” rating and a $10.50 price target for the company. Zacks Investment Research raised shares of Infrastructure and Energy Alternatives from a “strong sell” rating to a “hold” rating in a research note on Thursday, October 11th.

Infrastructure and Energy Alternatives stock opened at $8.61 on Friday. Infrastructure and Energy Alternatives has a 1 year low of $7.31 and a 1 year high of $11.27.

Infrastructure and Energy Alternatives (NYSE:IEA) last released its quarterly earnings data on Thursday, November 8th. The company reported $0.39 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.73 by ($0.34). The business had revenue of $279.28 million for the quarter, compared to the consensus estimate of $288.76 million.

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Infrastructure and Energy Alternatives Company Profile

Infrastructure and Energy Alternatives, Inc, an infrastructure construction company, provides engineering, procurement, construction, and maintenance services. It offers design, site development, construction, installation, and restoration of infrastructure services for the wind, solar, thermal, and biomass/alternative fuel power plants; and highways, bridges, and railroads, as well as provides other industrial services.

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Institutional Ownership by Quarter for Infrastructure and Energy Alternatives (NYSE:IEA)

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