Sanctuary Advisors LLC Takes Position in IHS Holding Limited $IHS

Sanctuary Advisors LLC purchased a new stake in IHS Holding Limited (NYSE:IHS) during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 167,083 shares of the business services provider’s stock, valued at approximately $1,375,000.

Several other institutional investors and hedge funds have also modified their holdings of IHS. Helikon Investments Ltd raised its stake in IHS by 81.2% in the 4th quarter. Helikon Investments Ltd now owns 8,780,288 shares of the business services provider’s stock worth $65,501,000 after purchasing an additional 3,934,727 shares in the last quarter. Quaker Capital Investments LLC grew its position in shares of IHS by 7.2% during the 4th quarter. Quaker Capital Investments LLC now owns 4,683,904 shares of the business services provider’s stock worth $34,942,000 after purchasing an additional 314,501 shares in the last quarter. Hsbc Holdings PLC bought a new position in shares of IHS during the first quarter worth approximately $33,532,000. JPMorgan Chase & Co. increased its holdings in shares of IHS by 0.7% during the fourth quarter. JPMorgan Chase & Co. now owns 3,321,835 shares of the business services provider’s stock worth $24,781,000 after purchasing an additional 21,468 shares during the period. Finally, BNP Paribas Financial Markets raised its position in shares of IHS by 1.7% in the fourth quarter. BNP Paribas Financial Markets now owns 2,540,472 shares of the business services provider’s stock valued at $18,952,000 after buying an additional 42,374 shares in the last quarter. 17.54% of the stock is currently owned by institutional investors and hedge funds.

IHS Stock Down 0.2%

IHS stock opened at $8.23 on Friday. The company has a market cap of $2.76 billion, a PE ratio of 15.54 and a beta of 0.73. The business has a 50-day simple moving average of $8.25 and a 200 day simple moving average of $8.15. IHS Holding Limited has a 52 week low of $5.71 and a 52 week high of $8.95.

IHS (NYSE:IHS) last announced its quarterly earnings data on Monday, May 11th. The business services provider reported $0.20 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 for the quarter, compared to analyst estimates of $439.16 million.

Analyst Ratings Changes

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

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.