Gabelli Funds LLC Takes Position in IHS Holding Limited $IHS

Gabelli Funds LLC purchased a new position in IHS Holding Limited (NYSE:IHS) in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 427,303 shares of the business services provider’s stock, valued at approximately $3,517,000.

Other institutional investors have also bought and sold shares of the company. GABELLI & Co INVESTMENT ADVISERS INC. purchased a new position in shares of IHS in the first quarter valued at about $3,492,000. PSquared Asset Management AG purchased a new stake in shares of IHS during the first quarter worth about $35,749,000. Arrowstreet Capital Limited Partnership raised its stake in IHS by 42.3% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 2,586,145 shares of the business services provider’s stock valued at $21,284,000 after purchasing an additional 768,286 shares during the period. Sei Investments Co. raised its stake in IHS by 22.6% during the 1st quarter. Sei Investments Co. now owns 31,668 shares of the business services provider’s stock valued at $261,000 after purchasing an additional 5,834 shares during the period. Finally, Bank of New York Mellon Corp purchased a new position in IHS in the 1st quarter worth approximately $171,000. Hedge funds and other institutional investors own 17.54% of the company’s stock.

Analysts Set New Price Targets

Separately, Weiss Ratings upgraded IHS from a “sell (d+)” rating to a “hold (c)” rating in a research note on Wednesday, May 13th. Two equities research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $8.38.

IHS Trading Up 0.0%

Shares of IHS stock opened at $8.24 on Wednesday. IHS Holding Limited has a 12-month low of $5.71 and a 12-month high of $8.95. The stock’s 50-day moving average price is $8.25 and its 200-day moving average price is $8.16. The stock has a market capitalization of $2.77 billion, a price-to-earnings ratio of 15.55 and a beta of 0.73.

IHS (NYSE:IHS) last announced its quarterly earnings results on Monday, May 11th. The business services provider reported $0.20 EPS for the quarter, missing analysts’ consensus estimates of $0.32 by ($0.12). The firm had revenue of $415.40 million for 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.