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

SG Americas Securities LLC lessened its stake in IES Holdings, Inc. (NASDAQ:IESC) by 36.6% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 3,668 shares of the technology company’s stock after selling 2,121 shares during the quarter. SG Americas Securities LLC’s holdings in IES were worth $737,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in IESC. Gladius Capital Management LP bought a new stake in IES in the third quarter valued at about $44,000. City State Bank bought a new stake in shares of IES in the fourth quarter worth about $106,000. CWM LLC increased its holdings in shares of IES by 17.2% in the third quarter. CWM LLC now owns 682 shares of the technology company’s stock worth $136,000 after acquiring an additional 100 shares in the last quarter. Quest Partners LLC increased its holdings in shares of IES by 159.5% in the third quarter. Quest Partners LLC now owns 768 shares of the technology company’s stock worth $153,000 after acquiring an additional 472 shares in the last quarter. Finally, BlueSky Wealth Advisors LLC bought a new stake in shares of IES in the third quarter worth about $220,000. Institutional investors own 86.60% of the company’s stock.

IES Price Performance

IESC stock opened at $215.53 on Thursday. The business has a 50-day moving average of $246.36 and a 200-day moving average of $211.45. IES Holdings, Inc. has a fifty-two week low of $81.89 and a fifty-two week high of $320.08. The stock has a market capitalization of $4.31 billion, a P/E ratio of 21.79 and a beta of 1.52.

Insider Activity at IES

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

Wall Street Analysts Forecast Growth

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

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.