Credit Industriel ET Commercial Buys Shares of 455,302 IHS Holding Limited $IHS

Credit Industriel ET Commercial purchased a new stake in IHS Holding Limited (NYSE:IHS) in the 1st quarter, Holdings Channel reports. The firm purchased 455,302 shares of the business services provider’s stock, valued at approximately $3,747,000.

Other large investors have also made changes to their positions in the company. Helikon Investments Ltd increased its holdings in shares of IHS by 81.2% in the fourth quarter. Helikon Investments Ltd now owns 8,780,288 shares of the business services provider’s stock worth $65,501,000 after acquiring an additional 3,934,727 shares in the last quarter. Quaker Capital Investments LLC raised its holdings in IHS by 7.2% during the 4th quarter. Quaker Capital Investments LLC now owns 4,683,904 shares of the business services provider’s stock worth $34,942,000 after buying an additional 314,501 shares during the period. JPMorgan Chase & Co. raised its holdings in IHS by 0.7% during the 4th quarter. JPMorgan Chase & Co. now owns 3,321,835 shares of the business services provider’s stock worth $24,781,000 after buying an additional 21,468 shares during the period. BNP Paribas Financial Markets lifted its stake in IHS by 1.7% in the fourth quarter. BNP Paribas Financial Markets now owns 2,540,472 shares of the business services provider’s stock valued at $18,952,000 after buying an additional 42,374 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership boosted its holdings in shares of IHS by 39.9% in the third quarter. Arrowstreet Capital Limited Partnership now owns 1,557,264 shares of the business services provider’s stock valued at $10,621,000 after buying an additional 443,837 shares during the period. Institutional investors own 17.54% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Weiss Ratings raised shares of IHS from a “sell (d+)” rating to a “hold (c)” rating in a research note on Wednesday, May 13th. Two investment analysts have rated the stock with a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, IHS presently has an average rating of “Hold” and an average target price of $8.38.

IHS Stock Performance

IHS opened at $8.24 on Tuesday. The business’s 50-day simple moving average is $8.26 and its 200 day simple moving average is $8.07. IHS Holding Limited has a 52-week low of $5.71 and a 52-week high of $8.95. The firm has a market capitalization of $2.77 billion, a PE ratio of 15.56 and a beta of 0.73.

IHS (NYSE:IHS) last posted its quarterly earnings results on Monday, May 11th. The business services provider reported $0.20 earnings per share for the quarter, missing analysts’ consensus estimates of $0.32 by ($0.12). The company had revenue of $415.40 million during the quarter, compared to the consensus estimate of $439.16 million. IHS had a net margin of 10.74% and a negative return on equity of 1,351.44%.

IHS Profile

IHS Inc develops source of information, insight and analytics in different areas of business. The Company’s segments include Resources, Transportation and Consolidated Markets & Solutions. The Company’s Resources segment includes its Energy and Chemicals product offerings. Its Transportation segment includes its Automotive; Maritime & Trade, and Aerospace, Defense & Security product offerings. Its Consolidated Markets & Solutions segment includes its Product Design; Technology, Media & Telecom, and Economics & Country Risk product offerings.