Renaissance Technologies LLC Invests $261,000 in NCS Multistage Holdings, Inc. (NASDAQ:NCSM)

Renaissance Technologies LLC acquired a new position in NCS Multistage Holdings, Inc. (NASDAQ:NCSM - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 10,044 shares of the company's stock, valued at approximately $261,000. Renaissance Technologies LLC owned 0.40% of NCS Multistage at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Empowered Funds LLC lifted its stake in shares of NCS Multistage by 4.7% during the 4th quarter. Empowered Funds LLC now owns 20,034 shares of the company's stock worth $520,000 after acquiring an additional 892 shares during the last quarter. PNC Financial Services Group Inc. lifted 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 purchasing an additional 982 shares during the last quarter. Tocqueville Asset Management L.P. boosted its stake in shares of NCS Multistage by 3.1% during the fourth quarter. Tocqueville Asset Management L.P. now owns 142,702 shares of the company's stock valued at $3,705,000 after purchasing an additional 4,345 shares during the period. Finally, Geode Capital Management LLC bought a new position in shares of NCS Multistage in the fourth quarter worth about $247,000. Institutional investors own 70.91% of the company's stock.

NCS Multistage Trading Down 3.5 %

NCSM traded down $1.15 on Friday, reaching $31.56. 7,749 shares of the company traded hands, compared to its average volume of 7,765. The company has a market cap of $80.19 million, a P/E ratio of 1.86 and a beta of 0.66. 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 one year low of $15.90 and a one year high of $38.95. The firm has a fifty day simple moving average of $30.41 and a two-hundred day simple moving average of $27.32.

NCS Multistage (NASDAQ:NCSM - Get Free Report) last announced its quarterly earnings results on Wednesday, April 30th. The company reported $1.51 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.79 by $0.72. The firm had revenue of $50.01 million during the quarter, compared to analyst estimates of $44.40 million. NCS Multistage had a return on equity of 2.60% and a net margin of 27.99%.

About NCS Multistage

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.