69,064 Shares in Infrastructure and Energy Alternatives (NASDAQ:IEA) Bought by Paloma Partners Management Co

Paloma Partners Management Co acquired a new position in Infrastructure and Energy Alternatives (NASDAQ:IEA) in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund acquired 69,064 shares of the company’s stock, valued at approximately $141,000. Paloma Partners Management Co owned 0.31% of Infrastructure and Energy Alternatives at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Perritt Capital Management Inc. lifted its position in Infrastructure and Energy Alternatives by 2.8% during the second quarter. Perritt Capital Management Inc. now owns 329,409 shares of the company’s stock valued at $672,000 after purchasing an additional 9,000 shares in the last quarter. United Capital Financial Advisers LLC lifted its position in Infrastructure and Energy Alternatives by 152.2% during the second quarter. United Capital Financial Advisers LLC now owns 116,000 shares of the company’s stock valued at $237,000 after purchasing an additional 70,000 shares in the last quarter. Finally, SG Americas Securities LLC lifted its position in Infrastructure and Energy Alternatives by 47.8% during the second quarter. SG Americas Securities LLC now owns 21,709 shares of the company’s stock valued at $44,000 after purchasing an additional 7,024 shares in the last quarter. Institutional investors own 16.00% of the company’s stock.

Shares of Infrastructure and Energy Alternatives stock opened at $4.35 on Friday. The firm has a 50-day simple moving average of $4.13. Infrastructure and Energy Alternatives has a 52 week low of $1.81 and a 52 week high of $11.06. The stock has a market capitalization of $96.13 million, a P/E ratio of -5.44 and a beta of 0.12.

Infrastructure and Energy Alternatives (NASDAQ:IEA) last announced its quarterly earnings data on Wednesday, August 14th. The company reported ($0.61) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.02 by ($0.63). The firm had revenue of $327.96 million during the quarter, compared to analyst estimates of $330.00 million. As a group, research analysts anticipate that Infrastructure and Energy Alternatives will post -0.55 earnings per share for the current year.

Several research firms recently weighed in on IEA. ValuEngine upgraded Infrastructure and Energy Alternatives from a “hold” rating to a “buy” rating in a research report on Thursday, August 1st. Zacks Investment Research downgraded Infrastructure and Energy Alternatives from a “hold” rating to a “sell” rating in a research report on Thursday, August 22nd.

Infrastructure and Energy Alternatives Company Profile

Infrastructure and Energy Alternatives, Inc, a diversified infrastructure construction company, provides engineering, procurement, and construction services for the renewable energy, traditional power, and civil infrastructure industries in the United States. It offers design, site development, construction, installation, and restoration of infrastructure services.

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

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