139,871 Shares in NCS Multistage Holdings Inc (NCSM) Acquired by State Street Corp

State Street Corp bought a new stake in NCS Multistage Holdings Inc (NASDAQ:NCSM) in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 139,871 shares of the company’s stock, valued at approximately $3,523,000. State Street Corp owned approximately 0.32% of NCS Multistage at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in NCSM. Russell Investments Group Ltd. bought a new position in shares of NCS Multistage in the second quarter valued at $1,636,000. Schwab Charles Investment Management Inc. bought a new position in shares of NCS Multistage in the second quarter valued at $872,000. Rhumbline Advisers bought a new position in shares of NCS Multistage in the second quarter valued at $276,000. LMR Partners LLP bought a new position in shares of NCS Multistage in the second quarter valued at $557,000. Finally, Bank of New York Mellon Corp bought a new position in shares of NCS Multistage in the second quarter valued at $742,000. 93.02% of the stock is owned by institutional investors and hedge funds.

NCS Multistage Holdings Inc (NASDAQ NCSM) opened at $15.05 on Friday. The company has a debt-to-equity ratio of 0.06, a current ratio of 3.31 and a quick ratio of 2.29. NCS Multistage Holdings Inc has a 52-week low of $13.85 and a 52-week high of $29.07.

NCS Multistage (NASDAQ:NCSM) last released its quarterly earnings data on Monday, November 13th. The company reported $0.09 EPS for the quarter, missing the Zacks’ consensus estimate 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 for the quarter, compared to the consensus estimate of $58.92 million. equities research analysts expect that NCS Multistage Holdings Inc will post 0.2 earnings per share for the current fiscal year.

Several equities analysts recently weighed in on NCSM shares. Royal Bank Of Canada decreased their target price on shares of NCS Multistage from $30.00 to $25.00 and set an “outperform” rating for the company in a research note on Wednesday, November 15th. UBS raised shares of NCS Multistage from an “outperform” rating to a “strong-buy” rating in a research note on Wednesday, November 15th. Citigroup set a $32.00 target price on shares of NCS Multistage and gave the company a “buy” rating in a research note on Thursday, October 5th. Zacks Investment Research cut shares of NCS Multistage from a “buy” rating to a “sell” rating in a research note on Saturday, November 18th. Finally, Raymond James Financial raised shares of NCS Multistage from an “outperform” rating to a “strong-buy” rating in a research note on Wednesday, November 15th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating, six have assigned a buy rating and two have issued a strong buy rating to the company. NCS Multistage presently has a consensus rating of “Buy” and a consensus price target of $27.43.

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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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Institutional Ownership by Quarter for NCS Multistage (NASDAQ:NCSM)

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