OMERS ADMINISTRATION Corp Takes $4.13 Million Position in IHS Holding Limited $IHS

OMERS ADMINISTRATION Corp acquired a new position in IHS Holding Limited (NYSE:IHS) during the first quarter, HoldingsChannel.com reports. The fund acquired 501,750 shares of the business services provider’s stock, valued at approximately $4,129,000.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Quantbot Technologies LP boosted its stake in 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 acquiring an additional 59,283 shares in the last quarter. Arrowstreet Capital Limited Partnership increased its position in shares of IHS by 457.1% during the second quarter. Arrowstreet Capital Limited Partnership now owns 1,113,427 shares of the business services provider’s stock worth $6,191,000 after purchasing an additional 913,549 shares in the last quarter. Marshall Wace LLP increased its position in shares of IHS by 94.6% during the second quarter. Marshall Wace LLP now owns 1,260,483 shares of the business services provider’s stock worth $7,008,000 after purchasing an additional 612,852 shares in the last quarter. Jump Financial LLC lifted its holdings in shares of IHS by 227.3% during the 2nd quarter. Jump Financial LLC now owns 322,061 shares of the business services provider’s stock valued at $1,791,000 after purchasing an additional 223,661 shares during the last quarter. Finally, WINTON GROUP Ltd purchased a new stake in shares of IHS during the 2nd quarter valued at $142,000. Hedge funds and other institutional investors own 17.54% of the company’s stock.

Wall Street Analyst Weigh In

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

IHS Stock Up 0.3%

IHS stock opened at $8.26 on Tuesday. The stock has a market capitalization of $2.77 billion, a PE ratio of 15.58 and a beta of 0.73. IHS Holding Limited has a 52 week low of $5.71 and a 52 week high of $8.95. The firm has a 50 day moving average of $8.25 and a 200 day moving average of $8.16.

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 analysts’ consensus estimates of $0.32 by ($0.12). The company had revenue of $415.40 million for the quarter, compared to analyst estimates of $439.16 million. IHS had a net margin of 10.74% and a negative return on equity of 1,351.44%.

IHS 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.