Royal Bank of Canada Has $896,000 Position in IHS Holding Limited $IHS

Royal Bank of Canada boosted its stake in shares of IHS Holding Limited (NYSE:IHS) by 6,115.4% during the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 108,831 shares of the business services provider’s stock after purchasing an additional 107,080 shares during the period. Royal Bank of Canada’s holdings in IHS were worth $896,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Helikon Investments Ltd increased its stake in shares of IHS by 81.2% in the fourth quarter. Helikon Investments Ltd now owns 8,780,288 shares of the business services provider’s stock worth $65,501,000 after acquiring an additional 3,934,727 shares during the last quarter. OMERS ADMINISTRATION Corp acquired a new stake in IHS during the first quarter valued at $4,129,000. Gabelli Funds LLC purchased a new position in IHS in the first quarter valued at about $3,517,000. Arrowstreet Capital Limited Partnership grew its stake in IHS by 42.3% in the first quarter. Arrowstreet Capital Limited Partnership now owns 2,586,145 shares of the business services provider’s stock valued at $21,284,000 after purchasing an additional 768,286 shares in the last quarter. Finally, Hsbc Holdings PLC acquired a new position in IHS in the 1st quarter worth about $33,532,000. Institutional investors and hedge funds own 17.54% of the company’s stock.

Analyst Ratings Changes

Separately, Weiss Ratings reaffirmed a “hold (c)” rating on shares of IHS in a research note on Friday, August 7th. Two analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $8.80.

IHS Stock Up 0.4%

IHS stock opened at $8.39 on Friday. The company has a market capitalization of $2.82 billion, a price-to-earnings ratio of 20.98 and a beta of 0.73. IHS Holding Limited has a 12 month low of $5.71 and a 12 month high of $8.95. The firm has a 50 day moving average of $8.24 and a two-hundred day moving average of $8.23.

IHS (NYSE:IHS) last released its quarterly earnings results on Tuesday, August 11th. The business services provider reported ($0.04) earnings per share for the quarter, missing analysts’ consensus estimates of $0.12 by ($0.16). IHS had a net margin of 8.17% and a negative return on equity of 832.09%. The business had revenue of $428.60 million for the quarter, compared to the consensus estimate of $442.72 million.

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.