IHS Holding Limited $IHS Shares Acquired by Squarepoint Ops LLC

Squarepoint Ops LLC lifted its stake in shares of IHS Holding Limited (NYSE:IHS) by 60.6% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,149,563 shares of the business services provider’s stock after purchasing an additional 433,811 shares during the period. Squarepoint Ops LLC owned about 0.34% of IHS worth $9,472,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently modified their holdings of IHS. Helikon Investments Ltd increased its stake in IHS by 81.2% during the 4th quarter. Helikon Investments Ltd now owns 8,780,288 shares of the business services provider’s stock worth $65,501,000 after buying an additional 3,934,727 shares in the last quarter. Gabelli Funds LLC purchased a new position in shares of IHS in the first quarter valued at approximately $3,517,000. OMERS ADMINISTRATION Corp purchased a new position in shares of IHS in the first quarter valued at approximately $4,129,000. Arrowstreet Capital Limited Partnership boosted its stake in shares of IHS by 42.3% in the first quarter. Arrowstreet Capital Limited Partnership now owns 2,586,145 shares of the business services provider’s stock worth $21,284,000 after acquiring an additional 768,286 shares during the last quarter. Finally, Groupe la Francaise acquired a new stake in shares of IHS in the first quarter worth approximately $5,101,000. Institutional investors and hedge funds own 17.54% of the company’s stock.

IHS Trading Up 0.2%

Shares of NYSE IHS opened at $8.47 on Friday. The stock has a market cap of $2.87 billion, a PE ratio of 21.19 and a beta of 0.74. IHS Holding Limited has a 12-month low of $5.71 and a 12-month high of $8.95. The company has a 50-day moving average of $8.29 and a 200 day moving average of $8.25.

IHS (NYSE:IHS) last issued its earnings results on Monday, August 10th. The business services provider reported ($0.04) earnings per share for the quarter, missing the consensus estimate of $0.12 by ($0.16). The company had revenue of $428.60 million for the quarter, compared to analyst estimates of $442.72 million. IHS had a negative return on equity of 832.09% and a net margin of 8.17%.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings raised IHS from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Tuesday. Two analysts have rated the stock with a Buy rating, four have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, IHS currently has an average rating of “Hold” and an average price target of $8.80.

IHS Company 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.