112,000 Shares in IHS Holding Limited $IHS Bought by Dumac Inc.

Dumac Inc. purchased a new position in shares of IHS Holding Limited (NYSE:IHS) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 112,000 shares of the business services provider’s stock, valued at approximately $836,000. IHS accounts for approximately 0.1% of Dumac Inc.’s portfolio, making the stock its 7th biggest holding.

A number of other hedge funds have also bought and sold shares of IHS. Quarry LP lifted its holdings in IHS by 545.3% during the third quarter. Quarry LP now owns 4,704 shares of the business services provider’s stock worth $32,000 after acquiring an additional 3,975 shares during the period. Tower Research Capital LLC TRC bought a new stake in IHS during the second quarter worth $72,000. NewEdge Advisors LLC bought a new stake in IHS during the second quarter worth $85,000. Merit Financial Group LLC lifted its holdings in IHS by 28.0% during the third quarter. Merit Financial Group LLC now owns 13,030 shares of the business services provider’s stock worth $89,000 after acquiring an additional 2,848 shares during the period. Finally, Entropy Technologies LP bought a new stake in IHS during the third quarter worth $99,000. 17.54% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of brokerages recently commented on IHS. Williams Trading set a $8.50 price target on IHS in a report on Wednesday, February 18th. TD Cowen lowered IHS from a “buy” rating to a “hold” rating and dropped their price target for the stock from $17.00 to $8.50 in a report on Wednesday, February 18th. Weiss Ratings raised IHS from a “sell (d+)” rating to a “hold (c)” rating in a research report on Wednesday, May 13th. Finally, New Street Research downgraded IHS from a “strong-buy” rating to a “hold” rating in a research report on Thursday, February 19th. Two equities research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $8.38.

Insiders Place Their Bets

In other news, EVP Stephen J. Howden sold 49,212 shares of IHS stock in a transaction on Tuesday, April 7th. The stock was sold at an average price of $8.25, for a total value of $405,999.00. Following the completion of the transaction, 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 ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed 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 IHS stock in a transaction on Tuesday, April 7th. The shares were 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 owned 299,400 shares of the company’s stock, valued at approximately $2,467,056. This trade represents a 8.54% decrease in their ownership of the stock. 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 sold 344,017 shares of company stock valued at $2,826,243 over the last ninety days. 1.10% of the stock is currently owned by insiders.

IHS Stock Performance

NYSE:IHS opened at $8.33 on Thursday. 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 business has a fifty day simple moving average of $8.26 and a two-hundred day simple moving average of $7.86. IHS Holding Limited has a 1 year low of $5.40 and a 1 year high of $8.95. The company has a market capitalization of $2.79 billion, a P/E ratio of 15.71 and a beta of 0.74.

IHS (NYSE:IHS) last released 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). 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 analysts’ expectations of $439.16 million.

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.