PSquared Asset Management AG Makes New Investment in IHS Holding Limited $IHS

Key Points

• PSquared Asset Management AG disclosed a new first-quarter stake in IHS Holding, buying 4.34 million shares worth about $35.7 million. The position represents about 12.4% of PSquared’s portfolio and makes IHS its second-largest holding.
• IHS’s latest quarterly results missed analyst expectations, with EPS of $0.20 versus a $0.32 estimate and revenue of $415.4 million versus $439.16 million expected. The company also reported a negative return on equity and a net margin of 10.74%.
• Analyst sentiment remains cautious, with IHS holding a “Hold” consensus rating and an average price target of $8.38. Weiss Ratings recently upgraded the stock from sell to hold, while IHS shares traded around $8.23, near their 50-day and 200-day moving averages.

PSquared Asset Management AG purchased a new stake in IHS Holding Limited (NYSE:IHS - Free Report) during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. 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 investment portfolio, making the stock its 2nd largest holding. PSquared Asset Management AG owned 1.29% of IHS at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently modified their holdings of IHS. Mcguire Capital Advisors Inc. purchased a new position in shares of IHS during the 4th quarter worth approximately $27,000. Smartleaf Asset Management LLC acquired a new position in shares of IHS during the 4th quarter worth approximately $30,000. Quarry LP lifted its stake in 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 buying an additional 3,975 shares in the last quarter. Tower Research Capital LLC TRC purchased a new stake in IHS in the 2nd quarter valued at approximately $72,000. Finally, NewEdge Advisors LLC acquired a new stake in IHS during the 2nd quarter valued at $85,000. Hedge funds and other institutional investors own 17.54% of the company's stock.

Analysts Set New Price Targets

Separately, Weiss Ratings raised IHS from a "sell (d+)" rating to a "hold (c)" rating in a research report on Wednesday, May 13th. Two analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, IHS presently has a consensus rating of "Hold" and an average price target of $8.38.

IHS Trading Down 0.2%

NYSE:IHS opened at $8.23 on Friday. IHS Holding Limited has a 12-month low of $5.71 and a 12-month high of $8.95. The firm has a market cap of $2.76 billion, a price-to-earnings ratio of 15.54 and a beta of 0.73. The company's 50-day moving average is $8.25 and its two-hundred day moving average is $8.15.

IHS (NYSE:IHS - Get Free Report) last issued 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 analysts' expectations of $439.16 million. IHS had a negative return on equity of 1,351.44% and a net margin of 10.74%.

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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