Dynamic Technology Lab Private Ltd bought a new stake in NCS Multistage Holdings Inc (NASDAQ:NCSM) in the 3rd quarter, according to its most recent filing with the SEC. The fund bought 20,540 shares of the company’s stock, valued at approximately $495,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Nationwide Fund Advisors acquired a new position in shares of NCS Multistage in the 2nd quarter valued at $157,000. Strs Ohio lifted its stake in shares of NCS Multistage by 131.3% in the 3rd quarter. Strs Ohio now owns 7,400 shares of the company’s stock valued at $178,000 after purchasing an additional 4,200 shares during the period. Alliancebernstein L.P. acquired a new position in shares of NCS Multistage in the 2nd quarter valued at $201,000. The Manufacturers Life Insurance Company acquired a new position in shares of NCS Multistage in the 2nd quarter valued at $211,000. Finally, Parametric Portfolio Associates LLC acquired a new position in shares of NCS Multistage in the 2nd quarter valued at $257,000. Hedge funds and other institutional investors own 93.00% of the company’s stock.

Several research firms recently issued reports on NCSM. Zacks Investment Research cut shares of NCS Multistage from a “buy” rating to a “sell” rating in a research note on Saturday, November 18th. Raymond James Financial, Inc. upgraded shares of NCS Multistage from an “outperform” rating to a “strong-buy” rating in a research note on Wednesday, November 15th. UBS AG upgraded shares of NCS Multistage from an “outperform” rating to a “strong-buy” rating in a research note on Wednesday, November 15th. Credit Suisse Group decreased their target price on shares of NCS Multistage from $27.00 to $23.00 and set an “outperform” rating for the company in a research note on Wednesday, November 15th. Finally, Wells Fargo & Company reiterated an “outperform” rating and issued a $30.00 target price (down from $35.00) on shares of NCS Multistage in a research note on Wednesday, November 15th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating, six have issued a buy rating and two have assigned a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus target price of $27.43.

Shares of NCS Multistage Holdings Inc (NCSM) opened at $16.21 on Tuesday. 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 1-year low of $15.01 and a 1-year high of $29.07.

NCS Multistage (NASDAQ:NCSM) last issued its quarterly earnings results on Monday, November 13th. The company reported $0.09 EPS for the quarter, missing the consensus estimate of $0.12 by ($0.03). The company had revenue of $55.96 million during the quarter, compared to analysts’ expectations of $58.92 million. NCS Multistage had a return on equity of 2.22% and a net margin of 2.42%. sell-side analysts forecast that NCS Multistage Holdings Inc will post 0.2 EPS for the current fiscal year.

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NCS Multistage 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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