IHS (NYSE:IHS) Sees Unusually-High Trading Volume – Should You Buy?

IHS Holding Limited (NYSE:IHS) saw an uptick in trading volume on Tuesday . Approximately 1,758,471 shares were traded during mid-day trading, an increase of 19% from the previous session’s volume of 1,477,338 shares.The stock last traded at $8.4250 and had previously closed at $8.41.

Wall Street Analyst Weigh In

Separately, Weiss Ratings lowered IHS from a “hold (c)” rating to a “sell (d+)” rating in a research report on Friday, August 21st. Two analysts have rated the stock with a Buy rating, three have assigned a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $8.80.

IHS Stock Performance

The firm has a market capitalization of $2.83 billion, a PE ratio of 21.08 and a beta of 0.73. The company has a fifty day moving average price of $8.25 and a 200-day moving average price of $8.23.

IHS (NYSE:IHS) last posted its earnings results on Monday, August 10th. 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 during the quarter, compared to analysts’ expectations of $442.72 million.

Institutional Trading of IHS

A number of large investors have recently made changes to their positions in the business. Quantbot Technologies LP raised its position in shares of IHS by 647.6% during the 2nd quarter. Quantbot Technologies LP now owns 68,437 shares of the business services provider’s stock valued at $381,000 after buying 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 worth $6,191,000 after acquiring an additional 913,549 shares in the last quarter. Marshall Wace LLP grew its position in IHS by 94.6% in the second quarter. Marshall Wace LLP now owns 1,260,483 shares of the business services provider’s stock worth $7,008,000 after acquiring an additional 612,852 shares in the last quarter. Jump Financial LLC increased its stake 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 acquiring an additional 223,661 shares during the last quarter. Finally, WINTON GROUP Ltd purchased a new stake in IHS during the second quarter valued at approximately $142,000. 17.54% of the stock is currently owned by institutional investors.

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.