IHS Holding Limited $IHS Shares Bought by Renaissance Technologies LLC

Renaissance Technologies LLC lifted its stake in IHS Holding Limited (NYSE:IHS) by 61.1% in the 1st quarter, Holdings Channel.com reports. The institutional investor owned 2,258,100 shares of the business services provider’s stock after acquiring an additional 856,800 shares during the quarter. Renaissance Technologies LLC’s holdings in IHS were worth $18,584,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. Quantbot Technologies LP lifted its position in IHS by 647.6% during the 2nd quarter. Quantbot Technologies LP now owns 68,437 shares of the business services provider’s stock worth $381,000 after acquiring an additional 59,283 shares in the last quarter. Arrowstreet Capital Limited Partnership grew its position in 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 acquiring an additional 913,549 shares in the last quarter. Marshall Wace LLP raised its stake 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 valued at $7,008,000 after purchasing an additional 612,852 shares during the period. Jump Financial LLC raised its stake in shares of IHS by 227.3% during the second 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 period. Finally, WINTON GROUP Ltd acquired a new position in shares of IHS during the second quarter worth $142,000. Institutional investors and hedge funds own 17.54% of the company’s stock.

IHS Stock Performance

NYSE:IHS opened at $8.21 on Friday. The stock has a market cap of $2.75 billion, a price-to-earnings ratio of 15.48 and a beta of 0.73. IHS Holding Limited has a one year low of $5.71 and a one year high of $8.95. The business’s 50-day simple moving average is $8.25 and its 200 day simple moving average is $8.17.

IHS (NYSE:IHS) last issued its quarterly earnings data on Monday, May 11th. The business services provider reported $0.20 earnings per share for the quarter, missing analysts’ consensus estimates 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 for the quarter, compared to analyst estimates of $439.16 million.

Analyst Upgrades and Downgrades

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 issued a Sell rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target 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.