1,509,747 Shares in NCS Multistage Holdings, Inc. (NCSM) Acquired by Lazard Asset Management LLC

Lazard Asset Management LLC bought a new stake in NCS Multistage Holdings, Inc. (NASDAQ:NCSM) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 1,509,747 shares of the company’s stock, valued at approximately $38,015,000. Lazard Asset Management LLC owned about 3.47% of NCS Multistage Holdings as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of NCSM. Russell Investments Group Ltd. acquired a new stake in shares of NCS Multistage Holdings during the second quarter valued at $1,636,000. Spark Investment Management LLC acquired a new stake in shares of NCS Multistage Holdings during the second quarter valued at $1,596,000. Schwab Charles Investment Management Inc. acquired a new stake in shares of NCS Multistage Holdings during the second quarter valued at $872,000. Rhumbline Advisers acquired a new stake in shares of NCS Multistage Holdings during the second quarter valued at $276,000. Finally, LMR Partners LLP acquired a new stake in shares of NCS Multistage Holdings during the second quarter valued at $557,000. 91.57% of the stock is currently owned by institutional investors.

A number of analysts recently commented on NCSM shares. Royal Bank Of Canada started coverage on NCS Multistage Holdings in a research note on Tuesday, May 23rd. They set an “outperform” rating and a $29.00 price objective on the stock. Piper Jaffray Companies started coverage on NCS Multistage Holdings in a research note on Tuesday, May 23rd. They set an “overweight” rating and a $28.00 price objective on the stock. Wells Fargo & Company started coverage on NCS Multistage Holdings in a research note on Tuesday, May 23rd. They set an “outperform” rating on the stock. J P Morgan Chase & Co started coverage on NCS Multistage Holdings in a research note on Tuesday, May 23rd. They set a “neutral” rating on the stock. Finally, Credit Suisse Group started coverage on NCS Multistage Holdings in a research note on Tuesday, May 23rd. They set an “outperform” rating and a $27.00 price objective on the stock. One analyst has rated the stock with a hold rating and eight have issued a buy rating to the stock. The stock has an average rating of “Buy” and an average target price of $28.50.

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NCS Multistage Holdings, Inc. (NASDAQ:NCSM) traded up 0.43% during trading on Wednesday, reaching $23.40. The company had a trading volume of 5,547 shares. The stock has a 50 day moving average price of $20.82 and a 200 day moving average price of $22.20. The firm has a market capitalization of $1.02 billion and a price-to-earnings ratio of 1063.64. NCS Multistage Holdings, Inc. has a 12 month low of $18.17 and a 12 month high of $29.07.

NCS Multistage Holdings (NASDAQ:NCSM) last issued its quarterly earnings results on Tuesday, August 8th. The company reported ($0.09) earnings per share for the quarter, meeting analysts’ consensus estimates of ($0.09). The business had revenue of $36.86 million for the quarter, compared to analysts’ expectations of $29.14 million. On average, equities research analysts predict that NCS Multistage Holdings, Inc. will post $0.36 earnings per share for the current year.

NCS Multistage Holdings 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.

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

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