Royal Bank of Canada increased its stake in IHS Holding Limited (NYSE:IHS – Free Report) by 6,115.4% in the 1st quarter, Holdings Channel reports. The firm owned 108,831 shares of the business services provider’s stock after purchasing an additional 107,080 shares during the period. Royal Bank of Canada’s holdings in IHS were worth $896,000 as of its most recent filing with the SEC.
A number of other large investors have also recently added to or reduced their stakes in IHS. Mcguire Capital Advisors Inc. acquired a new position in IHS during the fourth quarter valued at approximately $27,000. Smartleaf Asset Management LLC bought a new stake in shares of IHS during the 4th quarter worth $30,000. Quarry LP grew its stake in IHS by 545.3% in the 3rd quarter. Quarry LP now owns 4,704 shares of the business services provider’s stock valued at $32,000 after buying an additional 3,975 shares during 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 acquired a new position in IHS during the 2nd quarter worth $85,000. Institutional investors own 17.54% of the company’s stock.
Analyst Upgrades and Downgrades
Separately, Weiss Ratings reaffirmed a “hold (c)” rating on shares of IHS in a research report on Friday, August 7th. Two equities research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $8.80.
IHS Trading Up 0.4%
Shares of NYSE:IHS opened at $8.39 on Friday. The firm has a market capitalization of $2.82 billion, a PE ratio of 20.98 and a beta of 0.73. IHS Holding Limited has a 1-year low of $5.71 and a 1-year high of $8.95. The business’s 50 day moving average is $8.24 and its 200-day moving average is $8.23.
IHS (NYSE:IHS – Get Free Report) last issued its earnings results on Tuesday, August 11th. The business services provider reported ($0.04) EPS for the quarter, missing analysts’ consensus estimates of $0.12 by ($0.16). The firm 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.
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