IHS Holding Limited (NYSE:IHS – Get Free Report) saw unusually-strong trading volume on Tuesday . Approximately 2,741,181 shares were traded during mid-day trading, an increase of 71% from the previous session’s volume of 1,600,930 shares.The stock last traded at $8.2950 and had previously closed at $8.30.
Analyst Ratings Changes
A number of analysts have recently issued reports on IHS shares. TD Cowen lowered shares of IHS from a “buy” rating to a “hold” rating and reduced their price target for the stock from $17.00 to $8.50 in a research report on Wednesday, February 18th. Weiss Ratings raised shares of IHS from a “sell (d+)” rating to a “hold (c)” rating in a research report on Wednesday, May 13th. New Street Research lowered shares of IHS from a “strong-buy” rating to a “hold” rating in a research report on Thursday, February 19th. Finally, Williams Trading set a $8.50 price target on IHS in a research note on Wednesday, February 18th. Two research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $8.38.
View Our Latest Stock Report on IHS
IHS Trading Down 0.3%
IHS (NYSE:IHS – Get Free Report) last announced its earnings results on Monday, May 11th. The business services provider reported $0.20 earnings per share for the quarter, missing the consensus estimate of $0.32 by ($0.12). The firm had revenue of $415.40 million during the quarter, compared to analysts’ expectations of $439.16 million. IHS had a net margin of 10.74% and a negative return on equity of 1,351.44%.
Insider Buying and Selling
In other news, EVP Mohamad Darwish sold 27,972 shares of the firm’s stock in a transaction dated Tuesday, April 7th. The shares were sold at an average price of $8.24, for a total transaction of $230,489.28. Following the completion of the transaction, the executive vice president owned 299,400 shares in the company, valued at approximately $2,467,056. This trade represents a 8.54% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible 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, CEO Sam Darwish sold 124,275 shares of IHS stock in a transaction that occurred on Tuesday, April 7th. The stock was sold at an average price of $8.24, for a total transaction of $1,024,026.00. Following the completion of the transaction, the chief executive officer directly owned 436,015 shares in the company, valued at approximately $3,592,763.60. This trade represents a 22.18% decrease in their ownership of the stock. 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. Over the last three months, insiders sold 344,017 shares of company stock worth $2,826,243. Corporate insiders own 1.10% of the company’s stock.
Institutional Inflows and Outflows
Several institutional investors have recently made changes to their positions in the company. Helikon Investments Ltd increased its position in shares of IHS by 81.2% in the fourth quarter. Helikon Investments Ltd now owns 8,780,288 shares of the business services provider’s stock worth $65,501,000 after acquiring an additional 3,934,727 shares in the last quarter. Quaker Capital Investments LLC increased its position in shares of IHS by 7.2% in the fourth quarter. Quaker Capital Investments LLC now owns 4,683,904 shares of the business services provider’s stock worth $34,942,000 after acquiring an additional 314,501 shares in the last quarter. PSquared Asset Management AG purchased a new position in shares of IHS in the first quarter worth approximately $35,749,000. Hsbc Holdings PLC acquired a new stake in shares of IHS during the first quarter worth approximately $33,532,000. Finally, JPMorgan Chase & Co. boosted its holdings in shares of IHS by 0.7% during the fourth quarter. JPMorgan Chase & Co. now owns 3,321,835 shares of the business services provider’s stock worth $24,781,000 after purchasing an additional 21,468 shares during the period. 17.54% of the stock is owned by hedge funds and other institutional investors.
IHS Company 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.
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