BlackRock Inc. Has $17.08 Million Holdings in Infrastructure and Energy Alternatives (IEA)

BlackRock Inc. raised its position in shares of Infrastructure and Energy Alternatives (NYSE:IEA) by 83.4% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,834,278 shares of the company’s stock after buying an additional 834,278 shares during the quarter. BlackRock Inc. owned 8.50% of Infrastructure and Energy Alternatives worth $17,077,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of IEA. Rhumbline Advisers purchased a new stake in shares of Infrastructure and Energy Alternatives in the second quarter worth approximately $144,000. Schwab Charles Investment Management Inc. purchased a new stake in shares of Infrastructure and Energy Alternatives in the second quarter worth approximately $307,000. Millennium Management LLC purchased a new stake in shares of Infrastructure and Energy Alternatives in the first quarter worth approximately $313,000. Bank of New York Mellon Corp purchased a new stake in shares of Infrastructure and Energy Alternatives in the second quarter worth approximately $394,000. Finally, Acadian Asset Management LLC purchased a new stake in shares of Infrastructure and Energy Alternatives in the second quarter worth approximately $483,000.

Separately, Zacks Investment Research lowered shares of Infrastructure and Energy Alternatives from a “buy” rating to a “hold” rating in a research report on Thursday, July 12th.



NYSE IEA opened at $10.13 on Monday. Infrastructure and Energy Alternatives has a 52-week low of $8.25 and a 52-week high of $11.27.

Infrastructure and Energy Alternatives (NYSE:IEA) last posted its quarterly earnings results on Thursday, August 9th. The company reported $0.14 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.33 by ($0.19). The firm had revenue of $174.07 million for the quarter, compared to analyst estimates of $169.93 million.

Infrastructure and Energy Alternatives Profile

Infrastructure and Energy Alternatives, Inc, an infrastructure construction company, provides engineering, procurement, construction, and maintenance services. It offers design, site development, construction, installation, and restoration of infrastructure services for the wind, solar, thermal, and biomass/alternative fuel power plants; and highways, bridges, and railroads, as well as provides other industrial services.

See Also: Diversification in Investing

Institutional Ownership by Quarter for Infrastructure and Energy Alternatives (NYSE:IEA)

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