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Infrastructure

Infrastructure and Energy Alternatives, Inc. (NASDAQ:IEA) Short Interest Update

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Infrastructure and Energy Alternatives, Inc. (NASDAQ:IEAGet Rating) saw a large decline in short interest during the month of August. As of August 31st, there was short interest totalling 890,600 shares, a decline of 11.8% from the August 15th total of 1,010,000 shares. Based on an average trading volume of 1,030,000 shares, the short-interest ratio is presently 0.9 days.

Infrastructure and Energy Alternatives Trading Up 0.1 %

Infrastructure and Energy Alternatives stock traded up $0.02 during trading hours on Monday, hitting $14.40. The company had a trading volume of 454,416 shares, compared to its average volume of 714,071. The firm has a market cap of $700.06 million, a P/E ratio of -10.75 and a beta of 1.79. The company has a debt-to-equity ratio of 15.62, a quick ratio of 1.30 and a current ratio of 1.30. Infrastructure and Energy Alternatives has a 1 year low of $6.38 and a 1 year high of $14.60. The company has a 50-day moving average price of $13.38 and a two-hundred day moving average price of $11.27.

Infrastructure and Energy Alternatives (NASDAQ:IEAGet Rating) last posted its quarterly earnings results on Thursday, August 4th. The company reported $0.24 EPS for the quarter, beating the consensus estimate of $0.19 by $0.05. Infrastructure and Energy Alternatives had a negative net margin of 3.42% and a negative return on equity of 387.42%. The business had revenue of $680.60 million during the quarter, compared to analyst estimates of $500.30 million. On average, sell-side analysts anticipate that Infrastructure and Energy Alternatives will post 0.88 earnings per share for the current year.

Wall Street Analyst Weigh In

IEA has been the topic of a number of research reports. Stifel Nicolaus downgraded shares of Infrastructure and Energy Alternatives from a “buy” rating to a “hold” rating in a report on Tuesday, July 26th. Sidoti downgraded shares of Infrastructure and Energy Alternatives from a “buy” rating to a “neutral” rating in a report on Monday, July 25th. Guggenheim downgraded shares of Infrastructure and Energy Alternatives to a “neutral” rating in a report on Tuesday, July 26th. Finally, DA Davidson downgraded shares of Infrastructure and Energy Alternatives from a “buy” rating to a “neutral” rating in a report on Tuesday, July 26th.

Institutional Investors Weigh In On Infrastructure and Energy Alternatives

Several large investors have recently modified their holdings of IEA. Acadian Asset Management LLC bought a new position in shares of Infrastructure and Energy Alternatives during the 4th quarter worth approximately $68,000. SIR Capital Management L.P. raised its stake in shares of Infrastructure and Energy Alternatives by 288.2% during the 4th quarter. SIR Capital Management L.P. now owns 285,940 shares of the company’s stock worth $2,631,000 after acquiring an additional 212,290 shares in the last quarter. Essex Investment Management Co. LLC raised its stake in shares of Infrastructure and Energy Alternatives by 22.3% during the 1st quarter. Essex Investment Management Co. LLC now owns 225,739 shares of the company’s stock worth $2,675,000 after acquiring an additional 41,177 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund raised its stake in shares of Infrastructure and Energy Alternatives by 515.8% during the 1st quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 238,689 shares of the company’s stock worth $2,828,000 after acquiring an additional 199,928 shares in the last quarter. Finally, First Eagle Investment Management LLC increased its stake in Infrastructure and Energy Alternatives by 109.9% during the 1st quarter. First Eagle Investment Management LLC now owns 174,443 shares of the company’s stock valued at $2,067,000 after purchasing an additional 91,343 shares in the last quarter. Institutional investors own 85.01% of the company’s stock.

About Infrastructure and Energy Alternatives

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Infrastructure and Energy Alternatives, Inc, through its subsidiaries, operates as a diversified infrastructure construction company in the United States. The company engages in providing engineering, procurement, and construction (EPC) services for the renewable energy, traditional power, and civil infrastructure industries.

Further Reading

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat’s editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.

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