Renaissance Technologies LLC Sells 16,800 Shares of North American Construction Group Ltd. (NYSE:NOA)

Renaissance Technologies LLC decreased its holdings in North American Construction Group Ltd. (NYSE:NOA) (TSE:NOA) by 4.8% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 332,800 shares of the oil and gas company’s stock after selling 16,800 shares during the period. Renaissance Technologies LLC owned about 1.20% of North American Construction Group worth $7,192,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Alberta Investment Management Corp raised its stake in North American Construction Group by 7.2% in the 4th quarter. Alberta Investment Management Corp now owns 1,057,254 shares of the oil and gas company’s stock valued at $22,774,000 after acquiring an additional 71,454 shares during the period. Barclays PLC raised its position in shares of North American Construction Group by 48.1% in 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 period. National Bank of Canada FI lifted its stake in shares of North American Construction Group by 13.3% during the 4th quarter. National Bank of Canada FI now owns 1,333,800 shares of the oil and gas company’s stock worth $28,776,000 after buying an additional 156,691 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. boosted its holdings in shares of North American Construction Group by 31.1% during the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 427,153 shares of the oil and gas company’s stock worth $9,194,000 after buying an additional 101,400 shares during the period. Finally, Proficio Capital Partners LLC acquired a new position in North American Construction Group in the 4th quarter valued at about $269,000. 74.99% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Separately, Raymond James upgraded North American Construction Group from a “moderate buy” rating to a “strong-buy” rating in a report on Tuesday, January 21st.

North American Construction Group Price Performance

NYSE:NOA opened at $15.34 on Friday. The company has a debt-to-equity ratio of 1.85, a quick ratio of 0.88 and a current ratio of 1.13. The firm has a market cap of $470.82 million, a price-to-earnings ratio of 10.65 and a beta of 1.16. North American Construction Group Ltd. has a 52 week low of $13.19 and a 52 week high of $22.16. The firm’s 50-day simple moving average is $16.42 and its 200 day simple moving average is $18.64.

North American Construction Group Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, April 9th. Investors of record on Thursday, March 13th were paid a $0.084 dividend. This represents a $0.34 annualized dividend and a dividend yield of 2.19%. The ex-dividend date of this dividend was Thursday, March 13th. North American Construction Group’s dividend payout ratio (DPR) is currently 28.70%.

North American Construction Group Company Profile

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.