Groupe la Francaise purchased a new position in IHS Holding Limited (NYSE:IHS – Free Report) during the first quarter, HoldingsChannel reports. The firm purchased 619,798 shares of the business services provider’s stock, valued at approximately $5,101,000.
Other institutional investors and hedge funds have also recently modified their holdings of the company. Royal Bank of Canada grew its holdings in shares of IHS by 6,115.4% in the first quarter. Royal Bank of Canada now owns 108,831 shares of the business services provider’s stock worth $896,000 after acquiring an additional 107,080 shares during the period. Lazard Asset Management LLC lifted its holdings in IHS by 12.2% in the first quarter. Lazard Asset Management LLC now owns 290,176 shares of the business services provider’s stock valued at $2,388,000 after acquiring an additional 31,552 shares during the period. OMERS ADMINISTRATION Corp purchased a new position in IHS in the first quarter worth about $4,129,000. Entropy Technologies LP boosted its position in IHS by 98.0% in the first quarter. Entropy Technologies LP now owns 55,520 shares of the business services provider’s stock worth $457,000 after purchasing an additional 27,478 shares during the last quarter. Finally, Renaissance Technologies LLC grew its stake in shares of IHS by 61.1% during the 1st quarter. Renaissance Technologies LLC now owns 2,258,100 shares of the business services provider’s stock valued at $18,584,000 after purchasing an additional 856,800 shares during the period. 17.54% of the stock is currently owned by hedge funds and other institutional investors.
IHS Trading Up 0.2%
IHS opened at $8.21 on Friday. The firm’s 50 day simple moving average is $8.24 and its two-hundred day simple moving average is $8.17. The company has a market capitalization of $2.76 billion, a PE ratio of 15.50 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.
Wall Street Analysts Forecast Growth
Separately, Weiss Ratings raised shares of IHS from a “sell (d+)” rating to a “hold (c)” rating in a research report on Wednesday, May 13th. Two equities 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. Based on data from MarketBeat.com, IHS currently has a consensus rating of “Hold” and a consensus target price of $8.38.
Get Our Latest Stock Report on IHS
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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