EntryPoint Capital LLC Acquires 729 Shares of IES Holdings, Inc. (NASDAQ:IESC)

EntryPoint Capital LLC grew its stake in IES Holdings, Inc. (NASDAQ:IESC) by 217.0% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,065 shares of the technology company’s stock after acquiring an additional 729 shares during the period. EntryPoint Capital LLC’s holdings in IES were worth $130,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. O Shaughnessy Asset Management LLC grew its position in shares of IES by 30.6% in the 1st quarter. O Shaughnessy Asset Management LLC now owns 4,285 shares of the technology company’s stock worth $521,000 after buying an additional 1,005 shares during the last quarter. Cynosure Group LLC purchased a new stake in IES during the first quarter valued at approximately $369,000. Acadian Asset Management LLC lifted its position in IES by 1,863.1% during the first quarter. Acadian Asset Management LLC now owns 12,446 shares of the technology company’s stock valued at $1,512,000 after acquiring an additional 11,812 shares during the last quarter. Vanguard Group Inc. lifted its position in IES by 10.0% during the first quarter. Vanguard Group Inc. now owns 479,315 shares of the technology company’s stock valued at $58,304,000 after acquiring an additional 43,634 shares during the last quarter. Finally, Forge First Asset Management Inc. purchased a new stake in IES during the first quarter valued at approximately $2,423,000. Institutional investors own 86.60% of the company’s stock.

Insider Transactions at IES

In related news, CEO Jeffrey L. Et Al Gendell sold 44,449 shares of the firm’s stock in a transaction on Monday, June 10th. The shares were sold at an average price of $130.03, for a total transaction of $5,779,703.47. Following the sale, the chief executive officer now owns 11,233,970 shares in the company, valued at $1,460,753,119.10. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. In other IES news, CEO Jeffrey L. Et Al Gendell sold 32,496 shares of IES stock in a transaction dated Tuesday, June 4th. The shares were sold at an average price of $136.06, for a total transaction of $4,421,405.76. Following the completion of the sale, the chief executive officer now directly owns 11,352,349 shares in the company, valued at $1,544,600,604.94. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Jeffrey L. Et Al Gendell sold 44,449 shares of IES stock in a transaction dated Monday, June 10th. The shares were sold at an average price of $130.03, for a total transaction of $5,779,703.47. Following the sale, the chief executive officer now owns 11,233,970 shares of the company’s stock, valued at $1,460,753,119.10. The disclosure for this sale can be found here. Insiders have sold 133,757 shares of company stock worth $18,360,416 over the last 90 days. 59.19% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Separately, StockNews.com raised shares of IES from a “buy” rating to a “strong-buy” rating in a research report on Thursday, July 18th.

IES Trading Up 7.2 %

Shares of NASDAQ IESC traded up $9.71 during midday trading on Friday, reaching $144.00. The company had a trading volume of 70,837 shares, compared to its average volume of 130,683. The business’s 50-day simple moving average is $144.25 and its 200 day simple moving average is $123.47. The stock has a market cap of $2.91 billion, a P/E ratio of 21.76 and a beta of 1.36. IES Holdings, Inc. has a 1 year low of $55.60 and a 1 year high of $184.38.

IES (NASDAQ:IESC) last posted its quarterly earnings results on Friday, May 3rd. The technology company reported $2.29 earnings per share (EPS) for the quarter. The business had revenue of $705.80 million during the quarter. IES had a net margin of 5.27% and a return on equity of 30.22%.

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.