Parametric Portfolio Associates LLC bought a new stake in shares of NCS Multistage Holdings Inc (NASDAQ:NCSM) in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 10,215 shares of the company’s stock, valued at approximately $257,000.
Other institutional investors have also made changes to their positions in the company. FMR LLC purchased a new stake in NCS Multistage in the second quarter worth $55,521,000. Bank of New York Mellon Corp purchased a new stake in NCS Multistage in the second quarter worth $742,000. Ameriprise Financial Inc. purchased a new stake in NCS Multistage in the second quarter worth $3,449,000. Jennison Associates LLC purchased a new stake in NCS Multistage in the second quarter worth $11,549,000. Finally, Wells Fargo & Company MN purchased a new stake in NCS Multistage in the second quarter worth $483,000. Institutional investors own 93.00% of the company’s stock.
Several equities research analysts recently weighed in on NCSM shares. Royal Bank Of Canada set a $30.00 price target on NCS Multistage and gave the stock a “buy” rating in a research note on Sunday, November 12th. Zacks Investment Research raised NCS Multistage from a “hold” rating to a “buy” rating and set a $24.00 price target on the stock in a research note on Wednesday, November 1st. Citigroup set a $32.00 price target on NCS Multistage and gave the stock a “buy” rating in a research note on Thursday, October 5th. Finally, Wells Fargo & Company reaffirmed an “outperform” rating and issued a $30.00 price target (down from $35.00) on shares of NCS Multistage in a research note on Wednesday, November 15th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating, six have assigned a buy rating and two have given a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus target price of $27.43.
NCS Multistage (NASDAQ:NCSM) last released its earnings results on Monday, November 13th. The company reported $0.09 EPS for the quarter, missing analysts’ consensus estimates of $0.12 by ($0.03). NCS Multistage had a return on equity of 2.22% and a net margin of 2.42%. The company had revenue of $55.96 million during the quarter, compared to analysts’ expectations of $58.92 million. equities analysts predict that NCS Multistage Holdings Inc will post 0.2 EPS for the current year.
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NCS Multistage Company Profile
NCS Multistage Holdings, Inc is a provider of engineered products and support services for oil and natural gas well completions and field development strategies. The Company’s products and services include Multistage Unlimited, casing-installed sliding sleeves, downhole frac isolation assembly, AirLock casing buoyancy system and liner hanger systems.
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