GSA Capital Partners LLP Boosts Stake in IHS Holding Limited $IHS

GSA Capital Partners LLP increased its position in IHS Holding Limited (NYSE:IHS) by 41.9% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 374,362 shares of the business services provider’s stock after purchasing an additional 110,510 shares during the period. GSA Capital Partners LLP’s holdings in IHS were worth $2,793,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in IHS. Quantbot Technologies LP lifted its position in shares of IHS by 647.6% in the second quarter. Quantbot Technologies LP now owns 68,437 shares of the business services provider’s stock worth $381,000 after buying an additional 59,283 shares in the last quarter. Arrowstreet Capital Limited Partnership lifted its position in shares of IHS by 457.1% in the second quarter. Arrowstreet Capital Limited Partnership now owns 1,113,427 shares of the business services provider’s stock worth $6,191,000 after buying an additional 913,549 shares in the last quarter. Marshall Wace LLP lifted its position in shares of IHS by 94.6% in the second quarter. Marshall Wace LLP now owns 1,260,483 shares of the business services provider’s stock worth $7,008,000 after buying an additional 612,852 shares in the last quarter. Jump Financial LLC lifted its position in shares of IHS by 227.3% in the second quarter. Jump Financial LLC now owns 322,061 shares of the business services provider’s stock worth $1,791,000 after buying an additional 223,661 shares in the last quarter. Finally, WINTON GROUP Ltd purchased a new stake in shares of IHS in the second quarter worth about $142,000. 17.54% of the stock is currently owned by hedge funds and other institutional investors.

IHS Trading Up 0.1%

Shares of NYSE IHS opened at $8.25 on Tuesday. The company has a debt-to-equity ratio of 96.14, a quick ratio of 1.97 and a current ratio of 2.01. The business’s 50 day moving average price is $8.23 and its 200-day moving average price is $7.72. IHS Holding Limited has a fifty-two week low of $5.10 and a fifty-two week high of $8.95. The company has a market cap of $2.77 billion, a price-to-earnings ratio of 15.56 and a beta of 0.74.

IHS (NYSE:IHS) last announced its quarterly earnings data on Tuesday, May 12th. The business services provider reported $0.20 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.32 by ($0.12). IHS had a negative return on equity of 1,351.44% and a net margin of 10.74%.The firm had revenue of $415.40 million during the quarter, compared to the consensus estimate of $439.16 million.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on IHS shares. TD Cowen downgraded IHS from a “buy” rating to a “hold” rating and decreased their target price for the stock from $17.00 to $8.50 in a research report on Wednesday, February 18th. Williams Trading set a $8.50 price objective on IHS in a research report on Wednesday, February 18th. New Street Research downgraded IHS from a “strong-buy” rating to a “hold” rating in a research report on Thursday, February 19th. Zacks Research downgraded IHS from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, January 27th. Finally, Weiss Ratings upgraded IHS from a “sell (d+)” rating to a “hold (c)” rating in a research report on Wednesday, May 13th. Three equities research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, IHS presently has a consensus rating of “Hold” and an average price target of $9.61.

Insider Buying and Selling

In related news, CEO Sam Darwish sold 124,275 shares of the stock in a transaction that occurred on Tuesday, April 7th. The stock was sold at an average price of $8.24, for a total value of $1,024,026.00. Following the transaction, the chief executive officer owned 436,015 shares of the company’s stock, valued at $3,592,763.60. This represents a 22.18% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, EVP Mohamad Darwish sold 27,972 shares of the stock in a transaction that occurred on Tuesday, April 7th. The stock was sold at an average price of $8.24, for a total value of $230,489.28. Following the completion of the transaction, the executive vice president directly owned 299,400 shares in the company, valued at approximately $2,467,056. This trade represents a 8.54% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold a total of 344,017 shares of company stock valued at $2,826,243 over the last quarter. 1.10% of the stock is owned by corporate insiders.

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.