True Bearing Asset Management Lp Lowers stake in Integrated Electrical Services (IESC)

Integrated Electrical Services (IESC) : True Bearing Asset Management Lp reduced its stake in Integrated Electrical Services by 29.42% during the most recent quarter end. The investment management company now holds a total of 160,669 shares of Integrated Electrical Services which is valued at $2,279,893 after selling 66,975 shares in Integrated Electrical Services , the firm said in a disclosure report filed with the SEC on Aug 15, 2016.Integrated Electrical Services makes up approximately 5.50% of True Bearing Asset Management Lp’s portfolio.

Other Hedge Funds, Including , Summit Securities Group added IESC to its portfolio by purchasing 14,639 company shares during the most recent quarter which is valued at $207,727. Integrated Electrical Services makes up approx 0.11% of Summit Securities Group’s portfolio.Renaissance Technologies boosted its stake in IESC in the latest quarter, The investment management firm added 49,700 additional shares and now holds a total of 514,532 shares of Integrated Electrical Services which is valued at $7,301,209. Integrated Electrical Services makes up approx 0.01% of Renaissance Technologies’s portfolio.Weber Alan W reduced its stake in IESC by selling 25,209 shares or 36.41% in the most recent quarter. The Hedge Fund company now holds 44,025 shares of IESC which is valued at $624,715. Integrated Electrical Services makes up approx 0.40% of Weber Alan W’s portfolio.Royce Associates Lp reduced its stake in IESC by selling 88,803 shares or 6.86% in the most recent quarter. The Hedge Fund company now holds 1,205,586 shares of IESC which is valued at $17,770,338. Integrated Electrical Services makes up approx 0.11% of Royce Associates Lp’s portfolio.

Integrated Electrical Services opened for trading at $16.74 and hit $17.29 on the upside on Thursday, eventually ending the session at $17.21, with a gain of 3.86% or 0.64 points. The heightened volatility saw the trading volume jump to 1,02,966 shares. Company has a market cap of $369 M.

Integrated Electrical Services Inc. is a holding company that owns and manages subsidiaries operating across a range of end markets. The Company operates through four segments: Communications Residential Commercial & Industrial and Infrastructure Solutions. The Company’s Communications segment is a provider of technology infrastructure services to the corporations and independent businesses. The Residential segment is a regional provider of electrical installation services for single-family housing and multi-family apartment complexes. The Commercial & Industrial segment is a provider of electrical design construction and maintenance services to the commercial and industrial markets in various regional markets and nationwide. The Infrastructure Solutions segment is a provider of electrical and mechanical solutions to domestic and international customers.

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