Groupe la Francaise Acquires Shares of 619,798 IHS Holding Limited $IHS

Key Points

• Groupe la Francaise acquired 619,798 shares of IHS Holding in the first quarter, worth approximately $5.1 million and representing about 0.18% of the company. Institutional investors collectively own 17.54% of IHS.
• IHS shares opened at $8.21, near their 50-day and 200-day moving averages, with a market capitalization of $2.76 billion. The stock has traded between $5.71 and $8.95 over the past year.
• IHS reported quarterly earnings of $0.20 per share and revenue of $415.4 million, both below analyst expectations. Analysts maintain a consensus “Hold” rating, with an average price target of $8.38.

Groupe la Francaise bought a new position in IHS Holding Limited (NYSE:IHS - Free Report) during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 619,798 shares of the business services provider's stock, valued at approximately $5,101,000. Groupe la Francaise owned approximately 0.18% of IHS at the end of the most recent quarter.

A number of other institutional investors have also recently modified their holdings of the stock. Mcguire Capital Advisors Inc. purchased a new position in shares of IHS in the 4th quarter worth about $27,000. Smartleaf Asset Management LLC purchased a new stake in IHS during the 4th quarter valued at about $30,000. Quarry LP grew its position in IHS by 545.3% during 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 during the last quarter. Tower Research Capital LLC TRC bought a new stake in IHS during the 2nd quarter valued at about $72,000. Finally, NewEdge Advisors LLC bought a new stake in IHS during the 2nd quarter valued at about $85,000. 17.54% of the stock is owned by hedge funds and other institutional investors.

IHS Trading Up 0.2%

IHS stock opened at $8.21 on Friday. The firm has a market cap of $2.76 billion, a price-to-earnings ratio of 15.50 and a beta of 0.73. The stock has a fifty day simple moving average of $8.24 and a two-hundred day simple moving average of $8.17. IHS Holding Limited has a 12 month low of $5.71 and a 12 month high of $8.95.

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

Analyst Ratings Changes

Separately, Weiss Ratings raised shares of IHS from a "sell (d+)" rating to a "hold (c)" rating in a report 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 stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average target price of $8.38.

IHS 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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