Y Intercept Hong Kong Ltd Boosts Stake in IHS Holding Limited $IHS

Y Intercept Hong Kong Ltd increased its holdings in shares of IHS Holding Limited (NYSE:IHS) by 65.2% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 308,708 shares of the business services provider’s stock after purchasing an additional 121,791 shares during the quarter. Y Intercept Hong Kong Ltd’s holdings in IHS were worth $2,541,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently modified their holdings of IHS. Inspire Investing LLC raised its position in IHS by 15.4% in the 1st quarter. Inspire Investing LLC now owns 197,628 shares of the business services provider’s stock worth $1,626,000 after buying an additional 26,313 shares during the last quarter. Ritholtz Wealth Management boosted its holdings in shares of IHS by 463.3% during the 1st quarter. Ritholtz Wealth Management now owns 141,684 shares of the business services provider’s stock valued at $1,166,000 after acquiring an additional 116,533 shares during the last quarter. SG Americas Securities LLC purchased a new stake in shares of IHS during the 1st quarter valued at about $529,000. DGS Capital Management LLC bought a new stake in shares of IHS in the fourth quarter worth approximately $101,000. Finally, Mcguire Capital Advisors Inc. bought a new stake in shares of IHS in the fourth quarter worth approximately $27,000. 17.54% of the stock is owned by hedge funds and other institutional investors.

IHS Stock Down 1.5%

Shares of NYSE:IHS opened at $8.14 on Wednesday. The firm’s 50 day moving average price is $8.26 and its 200-day moving average price is $8.08. IHS Holding Limited has a twelve month low of $5.71 and a twelve month high of $8.95. The stock has a market capitalization of $2.73 billion, a PE ratio of 15.35 and a beta of 0.73.

IHS (NYSE:IHS) last announced 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). IHS had a net margin of 10.74% and a negative return on equity of 1,351.44%. The business had revenue of $415.40 million for the quarter, compared to the consensus estimate of $439.16 million.

Wall Street Analysts Forecast Growth

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