North American Construction Group Ltd. $NOA Shares Sold by Cibc World Market Inc.

Cibc World Market Inc. lessened its holdings in shares of North American Construction Group Ltd. (NYSE:NOA) (TSE:NOA) by 82.5% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 75,715 shares of the oil and gas company’s stock after selling 356,752 shares during the period. Cibc World Market Inc.’s holdings in North American Construction Group were worth $1,075,000 at the end of the most recent reporting period.

Other institutional investors have also bought and sold shares of the company. Jane Street Group LLC acquired a new position in shares of North American Construction Group during the 1st quarter worth approximately $476,000. Vanguard Personalized Indexing Management LLC boosted its stake in North American Construction Group by 35.4% during the second quarter. Vanguard Personalized Indexing Management LLC now owns 16,795 shares of the oil and gas company’s stock worth $268,000 after buying an additional 4,390 shares during the last quarter. TD Asset Management Inc grew its holdings in North American Construction Group by 25.9% in the 2nd quarter. TD Asset Management Inc now owns 33,646 shares of the oil and gas company’s stock valued at $537,000 after buying an additional 6,919 shares in the last quarter. Bank of Montreal Can increased its stake in shares of North American Construction Group by 4.6% in the 2nd quarter. Bank of Montreal Can now owns 2,244,637 shares of the oil and gas company’s stock worth $35,941,000 after acquiring an additional 98,646 shares during the last quarter. Finally, K.J. Harrison & Partners Inc raised its holdings in shares of North American Construction Group by 4.0% during the 2nd quarter. K.J. Harrison & Partners Inc now owns 259,642 shares of the oil and gas company’s stock worth $4,147,000 after acquiring an additional 9,900 shares during the period. 74.99% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on NOA. ATB Cormark Capital Markets restated a “sector perform” rating on shares of North American Construction Group in a research report on Friday, December 19th. Wall Street Zen upgraded shares of North American Construction Group from a “hold” rating to a “buy” rating in a report on Saturday, January 24th. Roth Mkm initiated coverage on shares of North American Construction Group in a research report on Thursday, February 5th. They set a “buy” rating and a $25.00 price target on the stock. Zacks Research lowered North American Construction Group from a “hold” rating to a “strong sell” rating in a research report on Monday, February 2nd. Finally, Loop Capital set a $24.00 target price on North American Construction Group in a research note on Friday, December 19th. One analyst has rated the stock with a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $24.50.

North American Construction Group Stock Down 0.4%

Shares of NYSE:NOA opened at $16.14 on Wednesday. The company has a debt-to-equity ratio of 1.59, a current ratio of 0.91 and a quick ratio of 0.73. The firm has a market capitalization of $463.88 million, a PE ratio of 17.17 and a beta of 1.15. The firm’s 50-day moving average is $14.91 and its two-hundred day moving average is $14.41. North American Construction Group Ltd. has a 1 year low of $12.12 and a 1 year high of $19.17.

About North American Construction Group

North American Construction Group Ltd (NYSE: NOA) is a Canadian industrial company headquartered in Edmonton, Alberta, that specializes in providing integrated heavy construction equipment solutions. Through its two core segments—Sales and Rentals—the company offers a comprehensive portfolio of new and used off-highway trucks, wheel loaders, hydraulic excavators, dozers and motor graders, along with aftermarket parts and maintenance services.

In its Sales division, North American Construction Group partners with leading global equipment manufacturers to distribute and support a broad range of heavy machinery across multiple industries.