Ritholtz Wealth Management Purchases 116,533 Shares of IHS Holding Limited $IHS

Ritholtz Wealth Management lifted its holdings in IHS Holding Limited (NYSE:IHS) by 463.3% in the first quarter, according to the company in its most recent filing with the SEC. The fund owned 141,684 shares of the business services provider’s stock after acquiring an additional 116,533 shares during the quarter. Ritholtz Wealth Management’s holdings in IHS were worth $1,166,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of IHS. Mcguire Capital Advisors Inc. purchased a new stake in IHS during the 4th quarter valued at $27,000. Smartleaf Asset Management LLC bought a new stake in shares of IHS in the fourth quarter worth about $30,000. Quarry LP increased its holdings in IHS by 545.3% during the 3rd quarter. Quarry LP now owns 4,704 shares of the business services provider’s stock valued at $32,000 after purchasing an additional 3,975 shares during the period. Tower Research Capital LLC TRC purchased a new position in IHS during the 2nd quarter valued at about $72,000. Finally, NewEdge Advisors LLC bought a new position in shares of IHS during the second quarter valued at approximately $85,000. Institutional investors own 17.54% of the company’s stock.

Analyst Ratings Changes

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. According to MarketBeat.com, IHS presently has an average rating of “Hold” and a consensus target price of $8.38.

IHS Price Performance

Shares of IHS opened at $8.24 on Monday. IHS Holding Limited has a twelve month low of $5.40 and a twelve month high of $8.95. The firm has a 50 day moving average of $8.26 and a 200 day moving average of $8.04. The company has a quick ratio of 1.97, a current ratio of 2.01 and a debt-to-equity ratio of 96.14. The company has a market capitalization of $2.77 billion, a P/E ratio of 15.56 and a beta of 0.74.

IHS (NYSE:IHS) last announced its quarterly earnings results on Monday, May 11th. The business services provider reported $0.20 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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.

Insider Activity

In other news, EVP Mohamad Darwish sold 27,972 shares of the stock in a transaction on Tuesday, April 7th. The stock was sold at an average price of $8.24, for a total transaction of $230,489.28. Following the transaction, the executive vice president directly owned 299,400 shares of the company’s stock, valued at $2,467,056. This represents a 8.54% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, EVP Stephen J. Howden sold 49,212 shares of the stock in a transaction dated Tuesday, April 7th. The shares were sold at an average price of $8.25, for a total value of $405,999.00. Following the completion of the transaction, the executive vice president directly owned 314,912 shares in the company, valued at approximately $2,598,024. This represents a 13.52% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold 201,459 shares of company stock valued at $1,660,514 in the last ninety days.

About IHS

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.