Hsbc Holdings PLC Buys New Position in IHS Holding Limited $IHS

Hsbc Holdings PLC bought a new stake in shares of IHS Holding Limited (NYSE:IHS) in the first quarter, HoldingsChannel reports. The institutional investor bought 4,062,053 shares of the business services provider’s stock, valued at approximately $33,532,000.

Several other institutional investors have also added to or reduced their stakes in IHS. Mcguire Capital Advisors Inc. purchased a new position in shares of IHS during the 4th quarter worth $27,000. Smartleaf Asset Management LLC purchased a new stake in shares of IHS in the 4th quarter worth $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 purchasing an additional 3,975 shares in the last quarter. Tower Research Capital LLC TRC bought a new position in IHS in the 2nd quarter worth $72,000. Finally, NewEdge Advisors LLC bought a new position in IHS in the 2nd quarter worth $85,000. 17.54% of the stock is currently owned by institutional investors.

IHS Stock Performance

Shares of NYSE:IHS opened at $8.16 on Tuesday. The firm has a market cap of $2.74 billion, a price-to-earnings ratio of 15.41 and a beta of 0.73. The firm has a fifty day moving average price of $8.25 and a 200 day moving average price of $8.13. IHS Holding Limited has a fifty-two week low of $5.71 and a fifty-two week high of $8.95.

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). 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%.

Wall Street Analyst Weigh In

Separately, Weiss Ratings raised IHS from a “sell (d+)” rating to a “hold (c)” rating in a report on Wednesday, May 13th. Two investment analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, IHS currently has a consensus rating of “Hold” and a consensus 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.