Sona Asset Management US LLC lowered its position in shares of IHS Holding Limited (NYSE:IHS – Free Report) by 41.9% in the first quarter, Holdings Channel reports. The firm owned 901,337 shares of the business services provider’s stock after selling 651,337 shares during the period. Sona Asset Management US LLC’s holdings in IHS were worth $7,418,000 at the end of the most recent quarter.
A number of other institutional investors have also recently bought and sold shares of IHS. Helikon Investments Ltd boosted its position in shares of IHS by 81.2% during the fourth quarter. Helikon Investments Ltd now owns 8,780,288 shares of the business services provider’s stock worth $65,501,000 after purchasing an additional 3,934,727 shares in the last quarter. Hussman Strategic Advisors Inc. bought a new stake in shares of IHS in the 4th quarter valued at $783,000. Dumac Inc. acquired a new stake in IHS during the 4th quarter worth $836,000. PSquared Asset Management AG acquired a new stake in IHS during the 1st quarter worth $35,749,000. Finally, Hsbc Holdings PLC bought a new position in IHS during the first quarter worth about $33,532,000. Institutional investors and hedge funds own 17.54% of the company’s stock.
Wall Street Analyst Weigh In
Separately, Weiss Ratings raised IHS from a “sell (d+)” rating to a “hold (c)” rating in a research note on Wednesday, May 13th. Two analysts have rated the stock with a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $8.38.
IHS Stock Performance
NYSE IHS opened at $8.24 on Monday. The stock has a market cap of $2.77 billion, a price-to-earnings ratio of 15.56 and a beta of 0.73. The business has a 50 day simple moving average of $8.25 and a 200 day simple moving average of $8.15. 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 results 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 during the quarter, compared to the consensus estimate of $439.16 million. IHS had a net margin of 10.74% and a negative return on equity of 1,351.44%.
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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