GABELLI & Co INVESTMENT ADVISERS INC. Buys New Stake in IHS Holding Limited $IHS

GABELLI & Co INVESTMENT ADVISERS INC. bought a new stake in IHS Holding Limited (NYSE:IHS – Free Report) in the 1st quarter, HoldingsChannel reports. The fund bought 424,283 shares of the business services provider’s stock, valued at approximately $3,492,000.

Several other institutional investors also recently bought and sold shares of IHS. Mcguire Capital Advisors Inc. purchased a new position in IHS in the fourth quarter worth $27,000. Smartleaf Asset Management LLC purchased a new stake in shares of IHS during the 4th quarter valued at $30,000. Quarry LP boosted its position in shares of IHS by 545.3% in the 3rd quarter. Quarry LP now owns 4,704 shares of the business services provider’s stock worth $32,000 after purchasing an additional 3,975 shares in the last quarter. MML Investors Services LLC acquired a new stake in shares of IHS in the 4th quarter worth $90,000. Finally, L2 Asset Management LLC acquired a new stake in shares of IHS in the 4th quarter worth $90,000. 17.54% of the stock is currently owned by institutional investors and hedge funds.

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IHS Stock Up 0.1%

Shares of IHS stock opened at $8.24 on Friday. The company has a 50 day moving average price of $8.25 and a 200 day moving average price of $8.15. The firm has a market capitalization of $2.77 billion, a P/E ratio of 15.56 and a beta of 0.73. IHS Holding Limited has a 52 week low of $5.71 and a 52 week high of $8.95.

IHS (NYSE:IHS – Get Free Report) last announced its quarterly earnings data on Monday, May 11th. The business services provider reported $0.20 earnings per share for the quarter, missing analysts’ consensus estimates of $0.32 by ($0.12). The company had revenue of $415.40 million for 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%.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings raised IHS from a “sell (d+)” rating to a “hold (c)” rating in a research report on Wednesday, May 13th. Two investment analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, IHS presently has a consensus rating of “Hold” and a consensus target price of $8.38.

Check Out Our Latest Research Report on IHS

About IHS

(Free Report)

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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