IHS Holding Limited (NYSE:IHS) Stock Rated "Hold" by Wall Street Brokerages

Key Points

• Analysts maintain a “Hold” consensus on IHS, with four holds, two buys, and one sell among seven analysts. The average 12-month price target is $8.80, compared with the stock’s recent price of $8.44.
• IHS shares slipped 0.1% to $8.44, while the company’s latest quarterly results fell short of expectations: EPS was a loss of $0.04 versus a projected profit of $0.12, and revenue was $428.6 million versus estimates of $442.72 million.
• Institutional ownership stands at 17.54%, with several investment firms increasing their positions during the latest reporting periods, including Squarepoint Ops and BTG Pactual Asset Management.

IHS Holding Limited (NYSE:IHS - Get Free Report) has been given an average rating of "Hold" by the seven analysts that are covering the firm, MarketBeat reports. One investment analyst has rated the stock with a sell recommendation, four have issued a hold recommendation and two have given a buy recommendation to the company. The average twelve-month target price among brokers that have updated their coverage on the stock in the last year is $8.80.

Separately, Weiss Ratings raised shares of IHS from a "hold (c-)" rating to a "hold (c)" rating in a research note on Thursday, October 8th.

IHS Stock Down 0.1%

Shares of IHS stock traded down $0.01 during trading on Friday, hitting $8.44. The stock had a trading volume of 303,256 shares, compared to its average volume of 776,342. The stock has a 50 day simple moving average of $8.40 and a 200 day simple moving average of $8.30. The company has a market capitalization of $2.85 billion, a PE ratio of 21.09 and a beta of 0.74. IHS has a 1 year low of $5.71 and a 1 year high of $8.95.

IHS (NYSE:IHS - Get Free Report) last released its quarterly 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 net margin of 8.17% and a negative return on equity of 832.09%. The firm had revenue of $428.60 million for the quarter, compared to analyst estimates of $442.72 million.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. Cyndeo Wealth Partners LLC acquired a new stake in IHS during the 3rd quarter worth about $100,000. Squarepoint Ops LLC increased its holdings in shares of IHS by 60.6% in the 2nd quarter. Squarepoint Ops LLC now owns 1,149,563 shares of the business services provider's stock valued at $9,472,000 after purchasing an additional 433,811 shares during the period. Corient Private Wealth LP increased its holdings in shares of IHS by 9.2% in the 2nd quarter. Corient Private Wealth LP now owns 49,156 shares of the business services provider's stock valued at $405,000 after purchasing an additional 4,156 shares during the period. Groupe la Francaise lifted its position in shares of IHS by 48.0% in the second quarter. Groupe la Francaise now owns 917,096 shares of the business services provider's stock worth $7,557,000 after purchasing an additional 297,298 shares in the last quarter. Finally, BTG Pactual Asset Management US LLC lifted its position in shares of IHS by 171.2% in the second quarter. BTG Pactual Asset Management US LLC now owns 62,361 shares of the business services provider's stock worth $514,000 after purchasing an additional 39,363 shares in the last quarter. Hedge funds and other institutional investors own 17.54% of the company's stock.

IHS Company Profile

IHS Holding Limited is a telecommunications infrastructure company that develops, owns, and operates shared communications infrastructure. Its core business is providing wireless telecommunications towers and related infrastructure that mobile network operators use to expand network coverage and capacity.

The company's services include tower leasing, site management, power management, and infrastructure support. By allowing multiple telecommunications providers to share tower sites and related facilities, IHS helps operators deploy and maintain wireless networks while improving the efficiency of their infrastructure investments.

IHS has historically focused on emerging markets across Africa, Latin America, and the Middle East, serving mobile network operators and other communications customers in those regions.

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