Y Intercept Hong Kong Ltd Grows Position in IHS Holding Limited $IHS

Y Intercept Hong Kong Ltd increased its position in IHS Holding Limited (NYSE:IHS) by 65.2% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 308,708 shares of the business services provider’s stock after purchasing an additional 121,791 shares during the period. Y Intercept Hong Kong Ltd owned 0.09% of IHS worth $2,541,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Mcguire Capital Advisors Inc. purchased a new position in IHS during the fourth quarter valued at $27,000. Smartleaf Asset Management LLC bought a new position in shares of IHS in the 4th quarter worth about $30,000. Quarry LP increased its stake in shares of IHS by 545.3% in the 3rd quarter. Quarry LP now owns 4,704 shares of the business services provider’s stock worth $32,000 after acquiring an additional 3,975 shares in the last quarter. Tower Research Capital LLC TRC purchased a new position in IHS during the 2nd quarter valued at about $72,000. Finally, NewEdge Advisors LLC purchased a new position in IHS during the 2nd quarter valued at about $85,000. Institutional investors own 17.54% of the company’s stock.

IHS Stock Performance

Shares of IHS stock opened at $8.14 on Wednesday. IHS Holding Limited has a one year low of $5.71 and a one year high of $8.95. The company’s 50-day moving average is $8.26 and its 200 day moving average is $8.08. The company has a market capitalization of $2.73 billion, a price-to-earnings ratio of 15.35 and a beta of 0.73.

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

Analysts Set New Price Targets

Separately, Weiss Ratings upgraded shares of IHS from a “sell (d+)” rating to a “hold (c)” rating in a report on Wednesday, May 13th. Two analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $8.38.

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.