Dumac Inc. Takes Position in IHS Holding Limited $IHS

Dumac Inc. purchased a new stake in IHS Holding Limited (NYSE:IHS) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 112,000 shares of the business services provider’s stock, valued at approximately $836,000. IHS makes up 0.1% of Dumac Inc.’s investment portfolio, making the stock its 7th biggest holding.

Several other hedge funds also recently made changes to their positions in IHS. Quantbot Technologies LP grew 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 valued at $381,000 after purchasing an additional 59,283 shares in the last quarter. Arrowstreet Capital Limited Partnership grew 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 valued at $6,191,000 after purchasing an additional 913,549 shares in the last quarter. Marshall Wace LLP grew 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 valued at $7,008,000 after purchasing an additional 612,852 shares in the last quarter. Jump Financial LLC grew its position in IHS by 227.3% during 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 position in IHS during the second quarter worth about $142,000. 17.54% of the stock is currently owned by hedge funds and other institutional investors.

IHS Price Performance

IHS stock opened at $8.33 on Thursday. IHS Holding Limited has a 52 week low of $5.40 and a 52 week high of $8.95. The business has a 50-day simple moving average of $8.26 and a 200 day simple moving average of $7.86. The company has a quick ratio of 1.97, a current ratio of 2.01 and a debt-to-equity ratio of 96.14. The stock has a market cap of $2.79 billion, a price-to-earnings ratio of 15.71 and a beta of 0.74.

IHS (NYSE:IHS) last issued 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 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 the consensus estimate of $439.16 million.

Insiders Place Their Bets

In other IHS news, EVP Mohamad Darwish sold 27,972 shares of IHS stock in a transaction dated Tuesday, April 7th. The stock was sold at an average price of $8.24, for a total transaction of $230,489.28. Following the completion of the sale, the executive vice president owned 299,400 shares of the company’s stock, valued at $2,467,056. The trade was a 8.54% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 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 IHS stock in a transaction dated Tuesday, April 7th. The stock was sold at an average price of $8.25, for a total value of $405,999.00. Following the sale, the executive vice president directly owned 314,912 shares of the company’s stock, valued at approximately $2,598,024. This trade represents 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 sold a total of 344,017 shares of company stock valued at $2,826,243 over the last 90 days. Insiders own 1.10% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms recently commented on IHS. Weiss Ratings upgraded IHS from a “sell (d+)” rating to a “hold (c)” rating in a research report on Wednesday, May 13th. TD Cowen cut IHS from a “buy” rating to a “hold” rating and reduced their target price for the stock from $17.00 to $8.50 in a research report on Wednesday, February 18th. New Street Research cut IHS from a “strong-buy” rating to a “hold” rating in a research report on Thursday, February 19th. Finally, Williams Trading set a $8.50 target price on IHS in a research report on Wednesday, February 18th. Two analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, IHS has an average 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.