Highland Capital Management LLC Buys Shares of 1,055 IES Holdings, Inc. (NASDAQ:IESC)

Highland Capital Management LLC purchased a new position in IES Holdings, Inc. (NASDAQ:IESC) during the fourth quarter, HoldingsChannel.com reports. The fund purchased 1,055 shares of the technology company’s stock, valued at approximately $212,000.

Several other hedge funds and other institutional investors have also modified their holdings of IESC. Marshall Wace LLP bought a new position in IES in the second quarter worth about $632,000. The Manufacturers Life Insurance Company lifted its holdings in shares of IES by 4.5% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 7,434 shares of the technology company’s stock worth $1,036,000 after purchasing an additional 322 shares during the last quarter. Cetera Investment Advisers boosted its position in IES by 2.2% during the 2nd quarter. Cetera Investment Advisers now owns 8,690 shares of the technology company’s stock valued at $1,211,000 after purchasing an additional 190 shares during the period. Handelsbanken Fonder AB grew its stake in IES by 28.0% during the 3rd quarter. Handelsbanken Fonder AB now owns 3,200 shares of the technology company’s stock worth $639,000 after buying an additional 700 shares during the last quarter. Finally, City Center Advisors LLC acquired a new stake in IES in the third quarter worth $421,000. 86.60% of the stock is owned by institutional investors and hedge funds.

IES Trading Down 2.5 %

NASDAQ IESC opened at $221.28 on Friday. The company has a 50-day moving average price of $244.36 and a two-hundred day moving average price of $212.01. IES Holdings, Inc. has a 52 week low of $81.89 and a 52 week high of $320.08. The stock has a market cap of $4.43 billion, a price-to-earnings ratio of 22.37 and a beta of 1.52.

Wall Street Analyst Weigh In

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

Insider Transactions at IES

In related news, CEO Jeffrey L. Et Al Gendell sold 12,389 shares of the company’s stock in a transaction dated Wednesday, December 11th. The shares were sold at an average price of $257.37, for a total value of $3,188,556.93. Following the completion of the sale, the chief executive officer now owns 10,958,900 shares of the company’s stock, valued at $2,820,492,093. This represents a 0.11 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, VP Mary K. Newman sold 2,500 shares of the firm’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 directly owns 18,286 shares in the company, valued at approximately $5,234,001.78. The trade was a 12.03 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 27,359 shares of company stock worth $7,341,029. Company insiders own 56.76% of the company’s stock.

IES Company 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.