Ritholtz Wealth Management Acquires 116,533 Shares of IHS Holding Limited $IHS

Ritholtz Wealth Management lifted its holdings in shares of IHS Holding Limited (NYSE:IHS) by 463.3% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 141,684 shares of the business services provider’s stock after purchasing an additional 116,533 shares during the period. Ritholtz Wealth Management’s holdings in IHS were worth $1,166,000 as of its most recent filing with the SEC.

Other institutional investors have also added to or reduced their stakes in the company. SG Americas Securities LLC bought a new stake in shares of IHS in the 1st quarter valued at $529,000. DGS Capital Management LLC bought a new stake in shares of IHS during the fourth quarter valued at approximately $101,000. Mcguire Capital Advisors Inc. bought a new stake in IHS during the 4th quarter valued at $27,000. Mackenzie Financial Corp raised its holdings in shares of IHS by 154.4% in the 4th quarter. Mackenzie Financial Corp now owns 73,106 shares of the business services provider’s stock worth $545,000 after acquiring an additional 44,365 shares during the last quarter. Finally, NewEdge Advisors LLC raised its stake in shares of IHS by 1,229.0% in the fourth quarter. NewEdge Advisors LLC now owns 18,672 shares of the business services provider’s stock worth $139,000 after purchasing an additional 17,267 shares during the last quarter. 17.54% of the stock is currently owned by institutional investors.

IHS Stock Up 0.1%

Shares of NYSE IHS opened at $8.24 on Monday. The company has a debt-to-equity ratio of 96.14, a current ratio of 2.01 and a quick ratio of 1.97. The stock has a market capitalization of $2.77 billion, a PE ratio of 15.56 and a beta of 0.74. IHS Holding Limited has a one year low of $5.40 and a one year high of $8.95. The business’s fifty day moving average price is $8.26 and its 200-day moving average price is $8.04.

IHS (NYSE:IHS) last posted its quarterly earnings results on Monday, May 11th. 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 net margin of 10.74% and a negative return on equity of 1,351.44%. The business had revenue of $415.40 million during the quarter, compared to the consensus estimate of $439.16 million.

Insider Activity

In related news, CEO Sam Darwish sold 124,275 shares of the stock in a transaction 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 sale, the chief executive officer owned 436,015 shares in the company, valued at approximately $3,592,763.60. This trade represents a 22.18% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible 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 Stephen J. Howden sold 49,212 shares of the firm’s stock in a transaction dated Tuesday, April 7th. The shares were sold at an average price of $8.25, for a total value of $405,999.00. Following the completion of the sale, the executive vice president directly owned 314,912 shares in the company, valued at approximately $2,598,024. The trade was a 13.52% decrease in their position. The disclosure for this sale is available in the SEC filing. 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 201,459 shares of company stock worth $1,660,514 over the last ninety days.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings upgraded shares of IHS from a “sell (d+)” rating to a “hold (c)” rating in a report on Wednesday, May 13th. Two analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company’s stock. According to 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.