Goldman Sachs Group Inc. Invests $21.96 Million in NCS Multistage Holdings, Inc. (NCSM) Stock

Goldman Sachs Group Inc. purchased a new position in NCS Multistage Holdings, Inc. (NASDAQ:NCSM) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 872,100 shares of the company’s stock, valued at approximately $21,959,000. Goldman Sachs Group Inc. owned about 2.00% of NCS Multistage Holdings as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also made changes to their positions in NCSM. FMR LLC bought a new stake in NCS Multistage Holdings in the second quarter worth $55,521,000. Lazard Asset Management LLC bought a new stake in NCS Multistage Holdings in the second quarter worth $38,015,000. Vanguard Group Inc. bought a new stake in NCS Multistage Holdings in the second quarter worth $13,697,000. Jennison Associates LLC bought a new stake in NCS Multistage Holdings in the second quarter worth $11,549,000. Finally, Ameriprise Financial Inc. bought a new stake in NCS Multistage Holdings in the second quarter worth $3,449,000. Institutional investors own 91.57% of the company’s stock.

Several equities research analysts recently weighed in on NCSM shares. Zacks Investment Research upgraded shares of NCS Multistage Holdings from a “hold” rating to a “buy” rating and set a $26.00 price target on the stock in a research report on Wednesday, September 27th. Royal Bank Of Canada restated a “buy” rating and issued a $30.00 price target on shares of NCS Multistage Holdings in a research report on Thursday, July 20th. Citigroup Inc. started coverage on shares of NCS Multistage Holdings in a research report on Thursday, June 15th. They issued an “outperform” rating and a $30.00 price target on the stock. Finally, Raymond James Financial, Inc. started coverage on shares of NCS Multistage Holdings in a research report on Thursday, June 15th. They issued an “outperform” rating and a $30.00 price target on the stock. Two investment analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average target price of $28.83.

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NCS Multistage Holdings, Inc. (NASDAQ:NCSM) opened at 20.98 on Friday. The company has a market cap of $913.78 million and a PE ratio of 953.64. The firm’s 50-day moving average is $21.80 and its 200-day moving average is $22.30. NCS Multistage Holdings, Inc. has a 52-week low of $18.17 and a 52-week high of $29.07.

NCS Multistage Holdings (NASDAQ:NCSM) last issued its earnings results on Tuesday, August 8th. The company reported ($0.09) earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of ($0.09). The company had revenue of $36.86 million during the quarter, compared to analyst estimates of $29.14 million. On average, equities research analysts anticipate that NCS Multistage Holdings, Inc. will post $0.34 EPS for the current year.

NCS Multistage Holdings 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.

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

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