IES Holdings, Inc. (NASDAQ:IESC) Short Interest Up 11.9% in December

IES Holdings, Inc. (NASDAQ:IESC) saw a large growth in short interest in December. As of December 31st, there was short interest totalling 444,400 shares, a growth of 11.9% from the December 15th total of 397,200 shares. Based on an average daily volume of 167,200 shares, the short-interest ratio is currently 2.7 days. Currently, 2.3% of the shares of the stock are short sold.

Insider Buying and Selling at IES

In other news, VP Mary K. Newman sold 2,500 shares of the business’s stock in a transaction dated Wednesday, November 27th. The shares were 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 of the company’s stock, valued at approximately $5,234,001.78. The trade was a 12.03 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Jeffrey L. Et Al Gendell sold 12,389 shares of the firm’s stock in a transaction dated Wednesday, December 11th. The stock was sold at an average price of $257.37, for a total transaction of $3,188,556.93. Following the sale, the chief executive officer now owns 10,958,900 shares of the company’s stock, valued at approximately $2,820,492,093. The trade was a 0.11 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 27,359 shares of company stock worth $7,341,029. Corporate insiders own 56.76% of the company’s stock.

Hedge Funds Weigh In On IES

Several hedge funds have recently bought and sold shares of IESC. Hennessy Advisors Inc. lifted its position in shares of IES by 6.9% during the fourth quarter. Hennessy Advisors Inc. now owns 82,600 shares of the technology company’s stock worth $16,599,000 after purchasing an additional 5,300 shares in the last quarter. City State Bank acquired a new position in shares of IES during the 4th quarter worth about $106,000. JPMorgan Chase & Co. increased its holdings in shares of IES by 2.5% in the 3rd quarter. JPMorgan Chase & Co. now owns 41,482 shares of the technology company’s stock valued at $8,281,000 after acquiring an additional 1,027 shares during the last quarter. Principal Financial Group Inc. raised its position in shares of IES by 56.9% during the 3rd quarter. Principal Financial Group Inc. now owns 7,269 shares of the technology company’s stock worth $1,451,000 after acquiring an additional 2,636 shares in the last quarter. Finally, Franklin Resources Inc. lifted its stake in IES by 79.3% during the third quarter. Franklin Resources Inc. now owns 155,426 shares of the technology company’s stock worth $31,026,000 after purchasing an additional 68,750 shares during the last quarter. Institutional investors and hedge funds own 86.60% of the company’s stock.

Analysts Set New Price Targets

Separately, StockNews.com upgraded shares of IES from a “hold” rating to a “buy” rating in a report on Tuesday, December 10th.

IES Trading Up 0.5 %

IESC stock traded up $1.27 during midday trading on Friday, hitting $256.69. 98,563 shares of the company’s stock were exchanged, compared to its average volume of 165,093. IES has a 1-year low of $80.86 and a 1-year high of $320.08. The business has a 50-day simple moving average of $248.28 and a two-hundred day simple moving average of $205.04. The stock has a market capitalization of $5.14 billion, a PE ratio of 25.95 and a beta of 1.52.

About IES

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.