SG Americas Securities LLC Sells 2,121 Shares of IES Holdings, Inc. (NASDAQ:IESC)

SG Americas Securities LLC cut its holdings in IES Holdings, Inc. (NASDAQ:IESC) by 36.6% in the 4th quarter, HoldingsChannel.com reports. The fund owned 3,668 shares of the technology company’s stock after selling 2,121 shares during the period. SG Americas Securities LLC’s holdings in IES were worth $737,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. Gladius Capital Management LP bought a new stake in IES in the 3rd quarter valued at about $44,000. City State Bank bought a new stake in IES in the 4th quarter valued at about $106,000. CWM LLC increased its position in IES by 17.2% in the 3rd quarter. CWM LLC now owns 682 shares of the technology company’s stock valued at $136,000 after buying an additional 100 shares in the last quarter. Quest Partners LLC increased its position in IES by 159.5% in the 3rd quarter. Quest Partners LLC now owns 768 shares of the technology company’s stock valued at $153,000 after buying an additional 472 shares in the last quarter. Finally, BlueSky Wealth Advisors LLC bought a new stake in IES in the 3rd quarter valued at about $220,000. 86.60% of the stock is owned by institutional investors.

Insider Transactions at IES

In other IES news, CEO Jeffrey L. Et Al Gendell sold 470 shares of the business’s stock in a transaction on Monday, December 16th. The shares were sold at an average price of $252.25, for a total transaction of $118,557.50. Following the sale, the chief executive officer now owns 10,957,184 shares of the company’s stock, valued at $2,763,949,664. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, COO Matthew J. Simmes sold 7,000 shares of the business’s stock in a transaction on Tuesday, December 3rd. The shares were sold at an average price of $293.32, for a total transaction of $2,053,240.00. Following the sale, the chief operating officer now directly owns 115,341 shares in the company, valued at $33,831,822.12. The trade was a 5.72 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 27,359 shares of company stock worth $7,341,029 in the last 90 days. Insiders own 56.76% of the company’s stock.

Wall Street Analyst Weigh In

Separately, StockNews.com raised IES from a “hold” rating to a “buy” rating in a report on Thursday.

IES Stock Performance

Shares of IESC opened at $215.53 on Thursday. The stock has a 50 day moving average price of $246.36 and a two-hundred day moving average price of $211.45. The firm has a market capitalization of $4.31 billion, a P/E ratio of 21.79 and a beta of 1.52. IES Holdings, Inc. has a 52 week low of $81.89 and a 52 week high of $320.08.

IES 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.