Shares of IHS Holding Limited (NYSE:IHS – Get Free Report) crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $8.01 and traded as high as $8.24. IHS shares last traded at $8.1850, with a volume of 3,334,688 shares traded.
Analyst Ratings Changes
Separately, Weiss Ratings upgraded shares of IHS from a “sell (d+)” rating to a “hold (c)” rating in a research report on Wednesday, May 13th. Two research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $8.38.
IHS Price Performance
IHS (NYSE:IHS – Get Free Report) last posted 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 company had revenue of $415.40 million during the quarter, compared to analyst estimates of $439.16 million.
Insider Activity at IHS
In related news, EVP Stephen J. Howden sold 49,212 shares of IHS stock in a transaction that occurred on 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 owned 314,912 shares in the company, valued at $2,598,024. The trade was a 13.52% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 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 owned 436,015 shares of the company’s stock, valued at $3,592,763.60. This represents a 22.18% 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 a total of 201,459 shares of company stock valued at $1,660,514 over the last 90 days.
Institutional Investors Weigh In On IHS
A number of hedge funds and other institutional investors have recently modified their holdings of the company. Helikon Investments Ltd increased its stake in IHS by 81.2% in the fourth quarter. Helikon Investments Ltd now owns 8,780,288 shares of the business services provider’s stock valued at $65,501,000 after purchasing an additional 3,934,727 shares during the last quarter. Hussman Strategic Advisors Inc. purchased a new stake in shares of IHS during the 4th quarter worth approximately $783,000. Dumac Inc. acquired a new position in shares of IHS in the 4th quarter valued at $836,000. Farther Finance Advisors LLC boosted its holdings in shares of IHS by 114.4% in the 4th quarter. Farther Finance Advisors LLC now owns 151,332 shares of the business services provider’s stock valued at $1,129,000 after buying an additional 80,762 shares in the last quarter. Finally, GSA Capital Partners LLP grew its position in shares of IHS by 41.9% in the 4th quarter. GSA Capital Partners LLP now owns 374,362 shares of the business services provider’s stock valued at $2,793,000 after buying an additional 110,510 shares during the last quarter. 17.54% of the stock is currently owned by institutional investors and hedge funds.
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.
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