9,529 Shares in NCS Multistage Holdings, Inc. (NASDAQ:NCSM) Bought by Geode Capital Management LLC

Geode Capital Management LLC bought a new position in NCS Multistage Holdings, Inc. (NASDAQ:NCSM) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 9,529 shares of the company’s stock, valued at approximately $247,000. Geode Capital Management LLC owned 0.38% of NCS Multistage at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in the company. PNC Financial Services Group Inc. boosted its position in shares of NCS Multistage by 56.0% during the fourth quarter. PNC Financial Services Group Inc. now owns 2,735 shares of the company’s stock worth $71,000 after buying an additional 982 shares during the period. Empowered Funds LLC raised its position in NCS Multistage by 4.7% in the 4th quarter. Empowered Funds LLC now owns 20,034 shares of the company’s stock valued at $520,000 after buying an additional 892 shares during the last quarter. Finally, Tocqueville Asset Management L.P. lifted its stake in NCS Multistage by 3.1% in the 4th quarter. Tocqueville Asset Management L.P. now owns 142,702 shares of the company’s stock valued at $3,705,000 after acquiring an additional 4,345 shares in the last quarter. Institutional investors own 70.91% of the company’s stock.

NCS Multistage Price Performance

Shares of NCSM opened at $34.32 on Friday. The company has a quick ratio of 2.63, a current ratio of 4.50 and a debt-to-equity ratio of 0.06. NCS Multistage Holdings, Inc. has a twelve month low of $15.90 and a twelve month high of $38.95. The stock has a market capitalization of $87.21 million, a P/E ratio of 2.02 and a beta of 0.58. The company has a 50 day moving average of $30.14 and a 200-day moving average of $27.04.

NCS Multistage (NASDAQ:NCSM) last released its earnings results on Wednesday, April 30th. The company reported $1.51 earnings per share for the quarter, beating analysts’ consensus estimates of $0.79 by $0.72. NCS Multistage had a net margin of 27.99% and a return on equity of 2.60%. The business had revenue of $50.01 million during the quarter, compared to the consensus estimate of $44.40 million.

NCS Multistage Profile

NCS Multistage Holdings, Inc provides engineered products and support services for oil and natural gas well completions and construction, and field development strategies in the United States, Canada, and internationally. It offers fracturing systems, which include casing-installed sliding sleeves, downhole frac isolation assemblies, and sand jet perforating products; enhanced recovery products, such as sliding sleeve, as well as Terrus system, an injection control device; repeat precision products comprising composite frac plugs and bridge plugs, single-use disposable setting tools, express systems, and related products; chemical and radioactive tracer diagnostics services; and well construction products, including AirLock casing buoyancy system, Vecturon and Vectraset liner hanger systems, and Toe initiation sleeves.