California State Teachers Retirement System Acquires New Stake in NCS Multistage Holdings Inc (NCSM)

California State Teachers Retirement System bought a new position in shares of NCS Multistage Holdings Inc (NASDAQ:NCSM) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 19,600 shares of the company’s stock, valued at approximately $494,000.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Nationwide Fund Advisors acquired a new stake in NCS Multistage in the second quarter valued at $157,000. Alliancebernstein L.P. bought a new position in shares of NCS Multistage in the second quarter valued at about $201,000. The Manufacturers Life Insurance Company bought a new position in shares of NCS Multistage in the second quarter valued at about $211,000. Parametric Portfolio Associates LLC bought a new position in shares of NCS Multistage in the second quarter valued at about $257,000. Finally, Rhumbline Advisers bought a new position in shares of NCS Multistage in the second quarter valued at about $276,000. Institutional investors and hedge funds own 93.02% of the company’s stock.

NCS Multistage Holdings Inc (NASDAQ:NCSM) traded down $1.01 during mid-day trading on Thursday, reaching $14.34. 269,500 shares of the company’s stock traded hands, compared to its average volume of 144,973. The company has a debt-to-equity ratio of 0.06, a quick ratio of 2.29 and a current ratio of 3.31. 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 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 firm had revenue of $55.96 million during the quarter, compared to the consensus estimate of $58.92 million. equities research analysts forecast that NCS Multistage Holdings Inc will post 0.2 earnings per share for the current fiscal year.

NCSM has been the topic of several research analyst reports. Credit Suisse Group dropped their price objective on shares of NCS Multistage from $27.00 to $23.00 and set an “outperform” rating on the stock in a research report on Wednesday, November 15th. Royal Bank Of Canada dropped their price objective on shares of NCS Multistage from $30.00 to $25.00 and set an “outperform” rating on the stock in a research report on Wednesday, November 15th. Zacks Investment Research raised shares of NCS Multistage from a “hold” rating to a “buy” rating and set a $22.00 price objective on the stock in a research report on Wednesday, September 6th. Wells Fargo & Company reissued an “outperform” rating and issued a $30.00 price objective (down from $35.00) on shares of NCS Multistage in a research report on Wednesday, November 15th. Finally, Raymond James Financial raised shares of NCS Multistage from an “outperform” rating to a “strong-buy” rating in a research report on Wednesday, November 15th. One research analyst has rated the stock with a sell rating, one has issued a hold rating, six have issued a buy rating and two have issued a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and an average price target of $27.43.

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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.

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

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