Wall Street Zen Upgrades North American Construction Group (NYSE:NOA) to “Hold”

North American Construction Group (NYSE:NOA) (TSE:NOA) was upgraded by equities research analysts at Wall Street Zen from a “sell” rating to a “hold” rating in a report issued on Wednesday.

Separately, Raymond James lowered North American Construction Group from a “strong-buy” rating to a “moderate buy” rating in a report on Tuesday, April 22nd.

North American Construction Group Price Performance

Shares of NOA opened at $17.11 on Wednesday. North American Construction Group has a twelve month low of $13.19 and a twelve month high of $22.08. The stock’s 50 day moving average is $15.69 and its two-hundred day moving average is $18.29. The firm has a market capitalization of $523.51 million, a PE ratio of 11.88 and a beta of 1.32. The company has a current ratio of 1.13, a quick ratio of 0.88 and a debt-to-equity ratio of 1.85.

Institutional Investors Weigh In On North American Construction Group

A number of institutional investors have recently added to or reduced their stakes in NOA. Russell Investments Group Ltd. boosted its holdings in North American Construction Group by 284.3% in the 4th quarter. Russell Investments Group Ltd. now owns 7,954 shares of the oil and gas company’s stock valued at $171,000 after purchasing an additional 5,884 shares in the last quarter. Stephens Inc. AR acquired a new stake in shares of North American Construction Group during the 4th quarter valued at approximately $204,000. Tranquility Partners LLC lifted its position in shares of North American Construction Group by 4.4% during the 1st quarter. Tranquility Partners LLC now owns 15,584 shares of the oil and gas company’s stock valued at $246,000 after acquiring an additional 658 shares during the period. Proficio Capital Partners LLC acquired a new stake in shares of North American Construction Group during the 4th quarter valued at approximately $269,000. Finally, D. E. Shaw & Co. Inc. acquired a new stake in shares of North American Construction Group during the 4th quarter valued at approximately $295,000. Hedge funds and other institutional investors own 74.99% of the company’s stock.

About North American Construction Group

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.