North American Construction Group Ltd. (NYSE:NOA) Holdings Decreased by Clear Harbor Asset Management LLC

Clear Harbor Asset Management LLC cut its position in shares of North American Construction Group Ltd. (NYSE:NOAFree Report) (TSE:NOA) by 6.3% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 18,650 shares of the oil and gas company’s stock after selling 1,249 shares during the quarter. Clear Harbor Asset Management LLC owned 0.07% of North American Construction Group worth $402,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Public Employees Retirement System of Ohio bought a new position in shares of North American Construction Group in the 3rd quarter worth about $185,000. Geode Capital Management LLC lifted its holdings in North American Construction Group by 14.9% in the third quarter. Geode Capital Management LLC now owns 14,138 shares of the oil and gas company’s stock worth $264,000 after acquiring an additional 1,838 shares during the last quarter. PDT Partners LLC boosted its stake in North American Construction Group by 45.6% in the third quarter. PDT Partners LLC now owns 17,155 shares of the oil and gas company’s stock valued at $321,000 after acquiring an additional 5,371 shares during the period. Barclays PLC grew its holdings in shares of North American Construction Group by 48.1% during the third quarter. Barclays PLC now owns 20,867 shares of the oil and gas company’s stock valued at $390,000 after purchasing an additional 6,774 shares during the last quarter. Finally, SkyView Investment Advisors LLC raised its position in shares of North American Construction Group by 75.0% during the 2nd quarter. SkyView Investment Advisors LLC now owns 58,322 shares of the oil and gas company’s stock worth $1,124,000 after purchasing an additional 25,003 shares during the period. Institutional investors and hedge funds own 74.99% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on NOA shares. Cibc World Mkts upgraded North American Construction Group from a “hold” rating to a “strong-buy” rating in a research report on Thursday, December 5th. CIBC raised shares of North American Construction Group from a “neutral” rating to a “sector outperform” rating in a report on Thursday, December 5th.

View Our Latest Analysis on NOA

North American Construction Group Price Performance

Shares of NYSE:NOA opened at $20.87 on Wednesday. The company has a current ratio of 1.13, a quick ratio of 0.88 and a debt-to-equity ratio of 1.85. The firm’s 50 day moving average is $20.64 and its two-hundred day moving average is $19.45. The firm has a market capitalization of $579.77 million, a P/E ratio of 14.49 and a beta of 1.46. North American Construction Group Ltd. has a 52 week low of $16.46 and a 52 week high of $25.92.

North American Construction Group Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, January 3rd. Shareholders of record on Wednesday, November 27th were paid a dividend of $0.089 per share. The ex-dividend date of this dividend was Wednesday, November 27th. This represents a $0.36 annualized dividend and a yield of 1.71%. This is an increase from North American Construction Group’s previous quarterly dividend of $0.07. North American Construction Group’s payout ratio is presently 25.69%.

About North American Construction Group

(Free Report)

North American Construction Group Ltd. provides mining and heavy civil construction services to customers in the resource development and industrial construction sectors in Australia, Canada, and the United States. The company operates Heavy Equipment – Canada, Heavy Equipment – Australia, and Other segments.

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Institutional Ownership by Quarter for North American Construction Group (NYSE:NOA)

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