IHS Holding Limited (NYSE:IHS – Get Free Report)’s stock price crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $8.20 and traded as high as $8.33. IHS shares last traded at $8.31, with a volume of 605,038 shares.
Wall Street Analyst Weigh In
Separately, Weiss Ratings reissued a “hold (c)” rating on shares of IHS in a research report on Friday. Two equities research analysts have rated the stock with a Buy rating, four have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $8.80.
IHS Trading Up 0.4%
IHS (NYSE:IHS – Get Free Report) last released its quarterly earnings results on Tuesday, August 11th. The business services provider reported ($0.04) earnings per share for the quarter, missing analysts’ consensus estimates of $0.12 by ($0.16). IHS had a net margin of 10.74% and a negative return on equity of 1,351.44%. The business had revenue of $428.60 million for the quarter, compared to the consensus estimate of $442.72 million.
Institutional Inflows and Outflows
Several institutional investors and hedge funds have recently made changes to their positions in IHS. Mcguire Capital Advisors Inc. acquired a new position in shares of IHS during the 4th quarter valued at $27,000. Smartleaf Asset Management LLC bought a new position in IHS during the fourth quarter valued at about $30,000. Quarry LP boosted its stake in IHS by 545.3% during the third 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 in the last quarter. MML Investors Services LLC acquired a new position in IHS during the fourth quarter worth about $90,000. Finally, L2 Asset Management LLC acquired a new position in IHS during the fourth quarter worth about $90,000. 17.54% of the stock is currently owned by institutional investors.
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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