IHS Holding Limited (NYSE:IHS – Get Free Report) shares saw strong trading volume on Tuesday . 1,758,471 shares traded hands during mid-day trading, an increase of 19% from the previous session’s volume of 1,477,338 shares.The stock last traded at $8.4250 and had previously closed at $8.41.
Wall Street Analyst Weigh In
Separately, Weiss Ratings cut IHS from a “hold (c)” rating to a “sell (d+)” rating in a report on Friday, August 21st. Two analysts have rated the stock with a Buy rating, three have assigned a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $8.80.
Check Out Our Latest Stock Analysis on IHS
IHS Price Performance
IHS (NYSE:IHS – Get Free Report) last announced its earnings results on Monday, August 10th. The business services provider reported ($0.04) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.12 by ($0.16). IHS had a negative return on equity of 832.09% and a net margin of 8.17%.The business had revenue of $428.60 million for the quarter, compared to analyst estimates of $442.72 million.
Institutional Inflows and Outflows
A number of hedge funds and other institutional investors have recently bought and sold shares of IHS. Mcguire Capital Advisors Inc. acquired a new position in shares of IHS in the 4th quarter valued at approximately $27,000. Smartleaf Asset Management LLC acquired a new stake in shares of IHS in the 4th quarter valued at $30,000. Quarry LP boosted its holdings 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 valued at $32,000 after purchasing an additional 3,975 shares in the last quarter. Tower Research Capital LLC TRC bought a new position in shares of IHS in the 2nd quarter valued at $72,000. Finally, NewEdge Advisors LLC bought a new position in shares of IHS in the 2nd quarter valued at $85,000. Institutional investors and hedge funds own 17.54% of the company’s stock.
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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