Bank of New York Mellon Corp grew its position in NCS Multistage Holdings Inc (NASDAQ:NCSM) by 10.2% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 32,455 shares of the company’s stock after purchasing an additional 3,000 shares during the period. Bank of New York Mellon Corp owned approximately 0.07% of NCS Multistage worth $781,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Nationwide Fund Advisors bought a new position in shares of NCS Multistage in the second quarter valued at approximately $157,000. Strs Ohio boosted its holdings in shares of NCS Multistage by 131.3% in the third quarter. Strs Ohio now owns 7,400 shares of the company’s stock valued at $178,000 after acquiring an additional 4,200 shares in the last quarter. Alliancebernstein L.P. bought a new position in shares of NCS Multistage in the second quarter valued at approximately $201,000. The Manufacturers Life Insurance Company bought a new position in shares of NCS Multistage in the second quarter valued at approximately $211,000. Finally, Parametric Portfolio Associates LLC bought a new position in shares of NCS Multistage in the second quarter valued at approximately $257,000. Hedge funds and other institutional investors own 93.02% of the company’s stock.

Several research firms have recently issued reports on NCSM. Zacks Investment Research cut shares of NCS Multistage from a “buy” rating to a “hold” rating in a report on Tuesday, September 26th. Piper Jaffray Companies set a $20.00 price objective on shares of NCS Multistage and gave the company a “buy” rating in a report on Thursday, December 21st. Royal Bank of Canada set a $30.00 price objective on shares of NCS Multistage and gave the company a “buy” rating in a report on Saturday, October 7th. Wells Fargo & Co reiterated an “outperform” rating and issued a $30.00 price objective (down from $35.00) on shares of NCS Multistage in a report on Wednesday, November 15th. Finally, BidaskClub upgraded shares of NCS Multistage from a “sell” rating to a “hold” rating in a report on Friday, January 5th. Two research analysts have rated the stock with a sell rating, two have issued a hold rating, six have given a buy rating and two have given a strong buy rating to the company. NCS Multistage has a consensus rating of “Buy” and an average price target of $25.14.

Shares of NCS Multistage Holdings Inc (NASDAQ:NCSM) opened at $19.40 on Friday. NCS Multistage Holdings Inc has a one year low of $13.85 and a one year high of $29.07. 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 (NASDAQ:NCSM) last released its 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). NCS Multistage had a net margin of 2.42% and a return on equity of 2.22%. The business had revenue of $55.96 million for the quarter, compared to analyst estimates of $58.92 million. equities research analysts forecast that NCS Multistage Holdings Inc will post 0.13 earnings per share for the current fiscal year.

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About NCS Multistage

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.

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

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