Credit Industriel ET Commercial Takes $3.75 Million Position in IHS Holding Limited $IHS

Credit Industriel ET Commercial acquired a new stake in IHS Holding Limited (NYSE:IHS) in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 455,302 shares of the business services provider’s stock, valued at approximately $3,747,000. Credit Industriel ET Commercial owned 0.14% of IHS as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. Helikon Investments Ltd lifted 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 acquiring an additional 3,934,727 shares in the last quarter. BNP Paribas Financial Markets grew its stake in shares of IHS by 177.4% in the 2nd quarter. BNP Paribas Financial Markets now owns 2,394,160 shares of the business services provider’s stock valued at $13,312,000 after buying an additional 1,531,225 shares in the last quarter. Arrowstreet Capital Limited Partnership raised its holdings in shares of IHS by 457.1% during the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 1,113,427 shares of the business services provider’s stock valued at $6,191,000 after purchasing an additional 913,549 shares in the last quarter. JPMorgan Chase & Co. raised its holdings in shares of IHS by 37.2% during the 3rd quarter. JPMorgan Chase & Co. now owns 3,300,367 shares of the business services provider’s stock valued at $22,509,000 after purchasing an additional 894,973 shares in the last quarter. Finally, Marshall Wace LLP lifted its stake in shares of IHS by 94.6% in the 2nd quarter. Marshall Wace LLP now owns 1,260,483 shares of the business services provider’s stock valued at $7,008,000 after purchasing an additional 612,852 shares during the last quarter. 17.54% of the stock is currently owned by institutional investors.

IHS Stock Down 0.2%

NYSE:IHS opened at $8.24 on Tuesday. The firm has a market cap of $2.77 billion, a PE ratio of 15.56 and a beta of 0.73. IHS Holding Limited has a 12 month low of $5.71 and a 12 month high of $8.95. The company’s 50-day moving average price is $8.26 and its two-hundred day moving average price is $8.07.

IHS (NYSE:IHS) last posted its earnings results 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). The firm had revenue of $415.40 million during the quarter, compared to the consensus estimate of $439.16 million. IHS had a net margin of 10.74% and a negative return on equity of 1,351.44%.

Analysts Set New Price Targets

Separately, Weiss Ratings upgraded shares of IHS from a “sell (d+)” rating to a “hold (c)” rating in a research note on Wednesday, May 13th. Two research 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, the company has an average rating of “Hold” and an average target price of $8.38.

About IHS

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.