IHS (NYSE:IHS) Sees Unusually-High Trading Volume - Should You Buy?

Key Points

• IHS trading volume rose 19% to 1.76 million shares, with the stock trading near $8.43.
• Analyst sentiment is mixed: Weiss Ratings downgraded IHS to “sell,” while the broader analyst consensus remains “Hold” with an average price target of $8.80.
• IHS missed quarterly expectations, reporting a $0.04 loss per share versus a $0.12 consensus profit and revenue of $428.6 million versus $442.7 million expected.

Shares of IHS Holding Limited (NYSE:IHS - Get Free Report) saw unusually-high trading volume on Tuesday . 1,758,471 shares changed hands during mid-day trading, an increase of 19% from the previous session's volume of 1,477,338 shares.The stock last traded at $8.4250 and had previously closed at $8.41.

Analysts Set New Price Targets

Separately, Weiss Ratings downgraded shares of IHS from a "hold (c)" rating to a "sell (d+)" rating in a research report on Friday, August 21st. Two equities research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and two have given a Sell rating to the company's stock. According to data from MarketBeat.com, IHS presently has an average rating of "Hold" and an average target price of $8.80.

IHS Stock Performance

The firm has a 50-day moving average of $8.25 and a 200-day moving average of $8.23. The firm has a market capitalization of $2.83 billion, a P/E ratio of 21.08 and a beta of 0.73.

IHS (NYSE:IHS - Get Free Report) last posted its earnings results on Monday, August 10th. The business services provider reported ($0.04) EPS for the quarter, missing analysts' consensus estimates of $0.12 by ($0.16). The business had revenue of $428.60 million during the quarter, compared to the consensus estimate of $442.72 million. IHS had a negative return on equity of 832.09% and a net margin of 8.17%.

Institutional Investors Weigh In On IHS

Several institutional investors and hedge funds have recently added to or reduced their stakes in IHS. Helikon Investments Ltd grew its position in shares of IHS by 81.2% during the 4th quarter. Helikon Investments Ltd now owns 8,780,288 shares of the business services provider's stock valued at $65,501,000 after acquiring an additional 3,934,727 shares during the period. Gabelli Funds LLC purchased a new stake in shares of IHS during the first quarter worth about $3,517,000. OMERS ADMINISTRATION Corp bought a new stake in shares of IHS during the first quarter valued at approximately $4,129,000. Groupe la Francaise purchased a new position in shares of IHS in the first quarter worth $5,101,000. Finally, Arrowstreet Capital Limited Partnership lifted its holdings in shares of IHS by 42.3% in the first quarter. Arrowstreet Capital Limited Partnership now owns 2,586,145 shares of the business services provider's stock worth $21,284,000 after buying an additional 768,286 shares in the last quarter. Hedge funds and other institutional investors own 17.54% of the company's stock.

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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