Waratah Capital Advisors Ltd. acquired a new position in shares of NCS Multistage Holdings Inc (NASDAQ:NCSM) during the 4th quarter, HoldingsChannel reports. The institutional investor acquired 17,200 shares of the company’s stock, valued at approximately $254,000.
A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. Beck Capital Management LLC raised its holdings in NCS Multistage by 8.6% during the third quarter. Beck Capital Management LLC now owns 32,036 shares of the company’s stock worth $771,000 after buying an additional 2,525 shares during the last quarter. Bank of New York Mellon Corp grew its stake in shares of NCS Multistage by 10.2% in the 3rd quarter. Bank of New York Mellon Corp now owns 32,455 shares of the company’s stock worth $781,000 after acquiring an additional 3,000 shares in the last quarter. Strs Ohio grew 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 worth $178,000 after acquiring an additional 4,200 shares in the last quarter. Nationwide Fund Advisors bought a new stake in shares of NCS Multistage in the 2nd quarter worth $157,000. Finally, Alliancebernstein L.P. bought a new stake in shares of NCS Multistage in the 2nd quarter worth $201,000. Hedge funds and other institutional investors own 93.97% of the company’s stock.
NCSM has been the subject of several recent analyst reports. Royal Bank of Canada set a $17.00 target price on shares of NCS Multistage and gave the stock a “buy” rating in a research note on Thursday, December 21st. Piper Jaffray Companies set a $20.00 target price on shares of NCS Multistage and gave the stock a “buy” rating in a research note on Thursday, December 21st. Zacks Investment Research upgraded shares of NCS Multistage from a “hold” rating to a “buy” rating and set a $24.00 target price for the company in a research note on Wednesday, November 1st. BidaskClub upgraded shares of NCS Multistage from a “sell” rating to a “hold” rating in a research note on Friday, January 5th. Finally, Credit Suisse Group reduced 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. Three analysts have rated the stock with a sell rating, one has given a hold rating, seven have issued a buy rating and one has given a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and an average target price of $24.86.
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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