City Center Advisors LLC Has $324,000 Stock Position in IES Holdings, Inc. (NASDAQ:IESC)

City Center Advisors LLC cut its holdings in IES Holdings, Inc. (NASDAQ:IESC) by 23.4% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,613 shares of the technology company’s stock after selling 494 shares during the quarter. City Center Advisors LLC’s holdings in IES were worth $324,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. Rhumbline Advisers lifted its holdings in shares of IES by 1.6% in the second quarter. Rhumbline Advisers now owns 12,400 shares of the technology company’s stock worth $1,728,000 after acquiring an additional 197 shares during the last quarter. Victory Capital Management Inc. increased its position in IES by 106.9% during the 2nd quarter. Victory Capital Management Inc. now owns 10,014 shares of the technology company’s stock worth $1,395,000 after purchasing an additional 5,173 shares in the last quarter. Arizona State Retirement System lifted its stake in IES by 14.6% in the 2nd quarter. Arizona State Retirement System now owns 2,546 shares of the technology company’s stock valued at $355,000 after purchasing an additional 324 shares during the last quarter. Quest Partners LLC boosted its position in IES by 41.0% in the second quarter. Quest Partners LLC now owns 296 shares of the technology company’s stock valued at $41,000 after buying an additional 86 shares in the last quarter. Finally, American Century Companies Inc. grew its stake in shares of IES by 57.9% during the second quarter. American Century Companies Inc. now owns 55,167 shares of the technology company’s stock worth $7,686,000 after buying an additional 20,240 shares during the last quarter. 86.60% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

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

IES Trading Up 1.5 %

IES stock opened at $224.31 on Monday. The stock has a 50-day moving average price of $249.73 and a two-hundred day moving average price of $201.67. IES Holdings, Inc. has a 12 month low of $76.78 and a 12 month high of $320.08. The company has a market capitalization of $4.49 billion, a PE ratio of 22.68 and a beta of 1.52.

Insider Activity at IES

In other news, CFO Tracy Mclauchlin sold 5,000 shares of the stock in a transaction dated Thursday, December 12th. The stock was sold at an average price of $253.02, for a total value of $1,265,100.00. Following the completion of the sale, the chief financial officer now owns 71,177 shares of the company’s stock, valued at approximately $18,009,204.54. This represents a 6.56 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. 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 value of $3,188,556.93. Following the transaction, the chief executive officer now owns 10,958,900 shares of the company’s stock, valued at $2,820,492,093. This trade represents a 0.11 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 27,359 shares of company stock worth $7,341,029 in the last quarter. 59.19% of the stock is owned by insiders.

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.