5 Stocks to Buy Now According to Jeffrey Gendell’s Tontine Asset Management

1. IES Holdings, Inc. (NASDAQ: IESC)

Gendell’s Stake Value: $586,585,000
Percentage of Jeffrey Gendell’s 13F Portfolio: 51.97%
Number of Hedge Fund Holders: 13

IES Holdings, Inc. (NASDAQ: IESC) designs and installs integrated electrical and technology systems, as well as provides infrastructure products and services. The company was founded in 1997 and is placed first on the list of 10 stocks to buy now according to Jeffrey Gendell’s Tontine Asset Management. IES Holdings, Inc. (NASDAQ: IESC) shares have offered 69.58% in returns to investors over the course of the past 12 months.

On August 5, IES Holdings, Inc. (NASDAQ: IESC) posted earnings for the third quarter of 2021. It reported revenue of $406 million, up 38.5% YoY. On June 11, IES Holdings, Inc. (NASDAQ: IESC) acquired the remaining 20% ownership interest in STR Mechanical, a North Carolina-based commercial and industrial mechanical services provider; the firm previously owned an 80% stake in STR.

Jeffrey Gendell’s Tontine Asset Management is IES Holdings, Inc. (NASDAQ: IESC)’s most significant stakeholder with 11.42 million shares, worth $586.59 million. There were 13 hedge funds in our database that held a stake in IES Holdings, Inc. (NASDAQ: IESC) in the second quarter of 2021, compared to 11 funds in the first quarter.

You can also take a peek at the 12 Best Value Dividend Stocks to Buy Now According to Warren Buffett and 10 Best Vaccine Stocks to Buy Now.

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