4,343,787 Shares in IHS Holding Limited $IHS Purchased by PSquared Asset Management AG

PSquared Asset Management AG purchased a new position in IHS Holding Limited (NYSE:IHS) during the first quarter, HoldingsChannel reports. The institutional investor purchased 4,343,787 shares of the business services provider’s stock, valued at approximately $35,749,000. IHS makes up about 12.4% of PSquared Asset Management AG’s holdings, making the stock its 2nd largest holding.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in IHS. Quantbot Technologies LP grew its holdings in IHS by 647.6% in the 2nd quarter. Quantbot Technologies LP now owns 68,437 shares of the business services provider’s stock valued at $381,000 after buying an additional 59,283 shares during the period. Arrowstreet Capital Limited Partnership lifted its holdings in shares of IHS by 457.1% during the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 1,113,427 shares of the business services provider’s stock worth $6,191,000 after acquiring an additional 913,549 shares during the period. Marshall Wace LLP lifted its holdings in shares of IHS by 94.6% during the 2nd quarter. Marshall Wace LLP now owns 1,260,483 shares of the business services provider’s stock worth $7,008,000 after acquiring an additional 612,852 shares during the period. Jump Financial LLC boosted its position in shares of IHS by 227.3% in the second quarter. Jump Financial LLC now owns 322,061 shares of the business services provider’s stock worth $1,791,000 after acquiring an additional 223,661 shares during the last quarter. Finally, WINTON GROUP Ltd acquired a new stake in shares of IHS in the second quarter worth approximately $142,000. Hedge funds and other institutional investors own 17.54% of the company’s stock.

IHS Trading Down 0.2%

Shares of IHS opened at $8.23 on Friday. IHS Holding Limited has a twelve month low of $5.71 and a twelve month high of $8.95. The firm has a market capitalization of $2.76 billion, a P/E ratio of 15.54 and a beta of 0.73. The stock’s fifty day simple moving average is $8.25 and its 200 day simple moving average is $8.15.

IHS (NYSE:IHS) last posted its quarterly earnings results on Monday, May 11th. The business services provider reported $0.20 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.32 by ($0.12). IHS had a net margin of 10.74% and a negative return on equity of 1,351.44%. The firm had revenue of $415.40 million for the quarter, compared to analysts’ expectations of $439.16 million.

Wall Street Analyst Weigh In

Separately, Weiss Ratings upgraded shares of IHS from a “sell (d+)” rating to a “hold (c)” rating in a report on Wednesday, May 13th. Two 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, the stock currently has a consensus rating of “Hold” and an average target price of $8.38.

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.