9,437 Shares in North American Construction Group Ltd. (NYSE:NOA) Acquired by Stephens Inc. AR

Stephens Inc. AR acquired a new stake in North American Construction Group Ltd. (NYSE:NOA) (TSE:NOA) during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor acquired 9,437 shares of the oil and gas company’s stock, valued at approximately $204,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in NOA. SkyView Investment Advisors LLC grew its stake in North American Construction Group by 1.8% in the third quarter. SkyView Investment Advisors LLC now owns 59,371 shares of the oil and gas company’s stock valued at $1,110,000 after purchasing an additional 1,049 shares in the last quarter. Geode Capital Management LLC grew its position 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 in the last quarter. PDT Partners LLC increased its stake in shares of North American Construction Group by 45.6% during the 3rd quarter. PDT Partners LLC now owns 17,155 shares of the oil and gas company’s stock worth $321,000 after purchasing an additional 5,371 shares during the last quarter. Barclays PLC raised its holdings in shares of North American Construction Group by 48.1% during the 3rd 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 in the last quarter. Finally, Public Employees Retirement System of Ohio acquired a new stake in shares of North American Construction Group in the 3rd quarter valued at $185,000. Hedge funds and other institutional investors own 74.99% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have commented on the stock. CIBC raised shares of North American Construction Group from a “neutral” rating to a “sector outperform” rating in a research report on Thursday, December 5th. Raymond James raised North American Construction Group from a “moderate buy” rating to a “strong-buy” rating in a report on Tuesday, January 21st. Finally, Cibc World Mkts raised North American Construction Group from a “hold” rating to a “strong-buy” rating in a research note on Thursday, December 5th. One research analyst has rated the stock with a hold rating, two have given a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat, North American Construction Group has an average rating of “Buy”.

North American Construction Group Trading Down 0.5 %

North American Construction Group stock opened at $18.66 on Monday. North American Construction Group Ltd. has a 52 week low of $16.46 and a 52 week high of $25.92. The firm has a market capitalization of $518.37 million, a PE ratio of 12.96 and a beta of 1.43. The business’s 50-day simple moving average is $20.40 and its 200-day simple moving average is $19.41. The company has a debt-to-equity ratio of 1.85, a quick ratio of 0.88 and a current ratio of 1.13.

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.