Short Interest in IHS Holding Limited (NYSE:IHS) Declines By 24.7%
by Amy Steele · The Cerbat GemIHS Holding Limited (NYSE:IHS – Get Free Report) was the target of a large decrease in short interest in the month of March. As of March 31st, there was short interest totaling 541,730 shares, a decrease of 24.7% from the March 15th total of 719,283 shares. Currently, 0.2% of the shares of the stock are sold short. Based on an average trading volume of 1,711,185 shares, the short-interest ratio is currently 0.3 days.
Insider Buying and Selling
In other news, EVP Mohamad Darwish sold 27,972 shares of the stock in a transaction on Tuesday, April 7th. The shares were sold at an average price of $8.24, for a total value of $230,489.28. Following the transaction, the executive vice president owned 299,400 shares of the company’s stock, valued at $2,467,056. This represents a 8.54% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 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 the stock in a transaction on Tuesday, April 7th. The stock was sold at an average price of $8.25, for a total transaction of $405,999.00. Following the completion of the transaction, the executive vice president directly owned 314,912 shares in the company, valued at $2,598,024. The trade was 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. In the last 90 days, insiders have sold 344,017 shares of company stock valued at $2,826,243. Company insiders own 1.10% of the company’s stock.
Institutional Investors Weigh In On IHS
A number of large investors have recently added to or reduced their stakes in the company. Merit Financial Group LLC grew its holdings in IHS by 10.7% in the 4th quarter. Merit Financial Group LLC now owns 14,424 shares of the business services provider’s stock worth $108,000 after acquiring an additional 1,394 shares during the last quarter. Mcguire Capital Advisors Inc. bought a new stake in IHS in the 4th quarter worth $27,000. Hollow Brook Wealth Management LLC grew its holdings in IHS by 1.0% in the 3rd quarter. Hollow Brook Wealth Management LLC now owns 371,902 shares of the business services provider’s stock worth $2,536,000 after acquiring an additional 3,577 shares during the last quarter. Quarry LP grew its holdings in IHS by 545.3% in the 3rd quarter. Quarry LP now owns 4,704 shares of the business services provider’s stock worth $32,000 after acquiring an additional 3,975 shares during the last quarter. Finally, Smartleaf Asset Management LLC bought a new stake in IHS in the 4th quarter worth $30,000. Institutional investors own 17.54% of the company’s stock.
Analyst Upgrades and Downgrades
Several equities analysts recently commented on IHS shares. Zacks Research lowered shares of IHS from a “strong-buy” rating to a “hold” rating in a report on Tuesday, January 27th. TD Cowen lowered shares of IHS from a “buy” rating to a “hold” rating and reduced their target price for the company from $17.00 to $8.50 in a report on Wednesday, February 18th. New Street Research lowered shares of IHS from a “strong-buy” rating to a “hold” rating in a report on Thursday, February 19th. Williams Trading set a $8.50 target price on shares of IHS in a report on Wednesday, February 18th. Finally, Weiss Ratings lowered shares of IHS from a “hold (c)” rating to a “sell (d+)” rating in a report on Monday, March 23rd. Three analysts have rated the stock with a Buy rating, four have issued a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $9.61.
Check Out Our Latest Report on IHS
IHS Trading Up 0.1%
IHS traded up $0.01 during trading on Wednesday, hitting $8.26. 465,162 shares of the stock traded hands, compared to its average volume of 1,897,628. The firm has a market capitalization of $2.77 billion, a P/E ratio of 20.13 and a beta of 0.81. IHS has a 12-month low of $4.68 and a 12-month high of $8.95. The company has a debt-to-equity ratio of 96.14, a current ratio of 2.08 and a quick ratio of 2.05. The firm has a 50-day moving average of $8.17 and a 200 day moving average of $7.48.
IHS (NYSE:IHS – Get Free Report) last announced its quarterly earnings results on Saturday, February 14th. The business services provider reported ($0.23) earnings per share (EPS) for the quarter. The firm had revenue of $397.80 million during the quarter. IHS had a negative return on equity of 661.41% and a net margin of 8.12%. Equities research analysts anticipate that IHS will post -5.58 EPS for the current year.
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.