Weber Alan W Continues to Hold Stake in IES Holdings, Inc. (IESC)
Weber Alan W continued to hold its position in IES Holdings, Inc. (NASDAQ:IESC) during the second quarter, Holdings Channel reports. The firm owned 42,167 shares of the technology company’s stock at the end of the second quarter. Weber Alan W’s holdings in IES Holdings were worth $765,000 as of its most recent SEC filing.
Separately, Edge Wealth Management LLC raised its position in IES Holdings by 70.8% in the second quarter. Edge Wealth Management LLC now owns 60,120 shares of the technology company’s stock worth $1,043,000 after buying an additional 24,914 shares in the last quarter. 80.09% of the stock is owned by institutional investors and hedge funds.
IES Holdings, Inc. (NASDAQ IESC) opened at 15.20 on Thursday. The firm has a market cap of $323.74 million, a price-to-earnings ratio of 2.80 and a beta of 0.78. IES Holdings, Inc. has a 52-week low of $13.93 and a 52-week high of $23.00. The company’s 50-day moving average price is $17.34 and its 200-day moving average price is $18.00.
IES Holdings (NASDAQ:IESC) last issued its earnings results on Friday, August 4th. The technology company reported $0.17 earnings per share (EPS) for the quarter. IES Holdings had a return on equity of 8.26% and a net margin of 13.87%. The business had revenue of $208.30 million during the quarter. Analysts predict that IES Holdings, Inc. will post ($1.87) EPS for the current year.
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Separately, BidaskClub lowered IES Holdings from a “hold” rating to a “sell” rating in a research report on Saturday, August 5th.
In related news, Director Todd M. Cleveland bought 10,000 shares of the company’s stock in a transaction dated Thursday, May 18th. The stock was acquired at an average cost of $15.74 per share, with a total value of $157,400.00. Following the acquisition, the director now owns 153,670 shares in the company, valued at approximately $2,418,765.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 60.00% of the company’s stock.
About IES Holdings
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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