Bamco Inc. NY grew its stake in shares of NCS Multistage Holdings Inc (NASDAQ:NCSM) by 24.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 68,100 shares of the company’s stock after purchasing an additional 13,300 shares during the quarter. Bamco Inc. NY owned approximately 0.16% of NCS Multistage worth $1,004,000 as of its most recent SEC filing.
Other large investors also recently bought and sold shares of the company. Boston Partners bought a new position in NCS Multistage in the 3rd quarter worth approximately $22,021,000. Vanguard Group Inc. bought a new position in NCS Multistage in the 2nd quarter worth approximately $13,697,000. Victory Capital Management Inc. bought a new position in NCS Multistage in the 3rd quarter worth approximately $7,906,000. Principal Financial Group Inc. bought a new position in NCS Multistage in the 3rd quarter worth approximately $7,588,000. Finally, Lazard Asset Management LLC grew its holdings in NCS Multistage by 24.4% in the 4th quarter. Lazard Asset Management LLC now owns 1,313,444 shares of the company’s stock worth $19,360,000 after buying an additional 257,763 shares in the last quarter. 94.33% of the stock is owned by institutional investors.
NCS Multistage Holdings Inc (NASDAQ NCSM) opened at $17.76 on Tuesday. The company has a debt-to-equity ratio of 0.06, a quick ratio of 2.29 and a current ratio of 3.31. The stock has a market capitalization of $786.90 and a price-to-earnings ratio of 288.00. NCS Multistage Holdings Inc has a one year low of $13.85 and a one year high of $29.07.
NCSM has been the subject of a number of recent analyst reports. Credit Suisse Group decreased their price objective on NCS Multistage from $27.00 to $23.00 and set an “outperform” rating for the company in a report on Wednesday, November 15th. Royal Bank of Canada decreased their price objective on NCS Multistage from $30.00 to $25.00 and set an “outperform” rating for the company in a report on Wednesday, November 15th. ValuEngine lowered NCS Multistage from a “hold” rating to a “sell” rating in a report on Friday, February 2nd. Wells Fargo & Co reissued 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, Zacks Investment Research lowered NCS Multistage from a “buy” rating to a “sell” rating in a report on Saturday, November 18th. Two investment analysts have rated the stock with a sell rating, two have given a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus target price of $24.86.
TRADEMARK VIOLATION NOTICE: “Bamco Inc. NY Buys 13,300 Shares of NCS Multistage Holdings Inc (NCSM)” was posted by American Banking News and is the property of of American Banking News. If you are reading this piece on another site, it was illegally stolen and reposted in violation of US & international trademark and copyright laws. The original version of this piece can be read at https://www.americanbankingnews.com/2018/03/13/bamco-inc-ny-buys-13300-shares-of-ncs-multistage-holdings-inc-ncsm.html.
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.
Want to see what other hedge funds are holding NCSM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for NCS Multistage Holdings Inc (NASDAQ:NCSM).
Receive News & Ratings for NCS Multistage Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for NCS Multistage and related companies with MarketBeat.com's FREE daily email newsletter.