Squarepoint Ops LLC Increases Stock Holdings in IHS Holding Limited $IHS

Squarepoint Ops LLC increased its position in shares of IHS Holding Limited (NYSE:IHS) by 60.6% in the 2nd quarter, Holdings Channel.com reports. The firm owned 1,149,563 shares of the business services provider’s stock after acquiring an additional 433,811 shares during the quarter. Squarepoint Ops LLC’s holdings in IHS were worth $9,472,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. PSquared Asset Management AG acquired a new position in IHS in the 1st quarter valued at about $35,749,000. Hsbc Holdings PLC acquired a new stake in shares of IHS during the 1st quarter worth approximately $33,532,000. Helikon Investments Ltd raised its position in shares of IHS by 81.2% during the 4th quarter. Helikon Investments Ltd now owns 8,780,288 shares of the business services provider’s stock valued at $65,501,000 after buying an additional 3,934,727 shares during the period. BNP Paribas Financial Markets raised its position in shares of IHS by 177.4% during the 2nd quarter. BNP Paribas Financial Markets now owns 2,394,160 shares of the business services provider’s stock valued at $13,312,000 after buying an additional 1,531,225 shares during the period. Finally, Arrowstreet Capital Limited Partnership lifted its holdings in IHS by 457.1% in the second quarter. Arrowstreet Capital Limited Partnership now owns 1,113,427 shares of the business services provider’s stock valued at $6,191,000 after acquiring an additional 913,549 shares during the last quarter. 17.54% of the stock is owned by hedge funds and other institutional investors.

IHS Stock Performance

Shares of IHS stock opened at $8.47 on Friday. The firm’s 50 day moving average price is $8.29 and its 200-day moving average price is $8.25. IHS Holding Limited has a one year low of $5.71 and a one year high of $8.95. The firm has a market cap of $2.87 billion, a P/E ratio of 21.19 and a beta of 0.74.

IHS (NYSE:IHS) last posted 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 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%.

Analyst Ratings Changes

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

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.