Groupe la Francaise Has $7.56 Million Position in IHS Holding Limited $IHS

Groupe la Francaise raised its stake in IHS Holding Limited (NYSE:IHS) by 48.0% during the 2nd quarter, Holdings Channel reports. The fund owned 917,096 shares of the business services provider’s stock after acquiring an additional 297,298 shares during the period. Groupe la Francaise’s holdings in IHS were worth $7,557,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Quantbot Technologies LP raised its stake in IHS by 647.6% in the 2nd quarter. Quantbot Technologies LP now owns 68,437 shares of the business services provider’s stock worth $381,000 after purchasing an additional 59,283 shares in the last quarter. Arrowstreet Capital Limited Partnership lifted its stake in IHS by 457.1% in the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 1,113,427 shares of the business services provider’s stock valued at $6,191,000 after purchasing an additional 913,549 shares during the last quarter. Marshall Wace LLP lifted its stake in shares of IHS by 94.6% in the 2nd quarter. Marshall Wace LLP now owns 1,260,483 shares of the business services provider’s stock valued at $7,008,000 after acquiring an additional 612,852 shares during the last quarter. Jump Financial LLC raised its position in IHS by 227.3% in the second quarter. Jump Financial LLC now owns 322,061 shares of the business services provider’s stock valued at $1,791,000 after purchasing an additional 223,661 shares during the last quarter. Finally, WINTON GROUP Ltd bought a new position in IHS in the 2nd quarter valued at approximately $142,000. 17.54% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Separately, Weiss Ratings lowered shares of IHS from a “hold (c)” rating to a “sell (d+)” rating in a report on Friday, August 21st. Two research analysts have rated the stock with a Buy rating, three have issued a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $8.80.

IHS Trading Up 0.1%

Shares of IHS opened at $8.48 on Tuesday. The company has a market capitalization of $2.87 billion, a PE ratio of 21.20 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 stock’s 50-day moving average price is $8.28 and its two-hundred day moving average price is $8.24.

IHS (NYSE:IHS) last issued its quarterly 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 during the quarter, compared to analyst estimates of $442.72 million. IHS had a net margin of 8.17% and a negative return on equity of 832.09%.

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.