Acadian Asset Management LLC Increases Holdings in North American Construction Group Ltd (NOA)

Acadian Asset Management LLC grew its holdings in shares of North American Construction Group Ltd (NYSE:NOA) (TSE:NOA) by 4.4% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,086,081 shares of the oil and gas company’s stock after acquiring an additional 45,430 shares during the period. Acadian Asset Management LLC owned about 4.01% of North American Construction Group worth $10,644,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also modified their holdings of NOA. Renaissance Technologies LLC bought a new stake in shares of North American Construction Group during the 2nd quarter valued at $6,205,000. Cumberland Partners Ltd bought a new stake in shares of North American Construction Group during the 2nd quarter valued at $5,047,000. Signia Capital Management LLC bought a new stake in shares of North American Construction Group during the 2nd quarter valued at $4,897,000. K.J. Harrison & Partners Inc bought a new stake in shares of North American Construction Group during the 2nd quarter valued at $2,045,000. Finally, Intact Investment Management Inc. bought a new stake in shares of North American Construction Group during the 2nd quarter valued at $1,873,000. 50.78% of the stock is owned by hedge funds and other institutional investors.

NOA has been the subject of a number of recent research reports. ValuEngine raised shares of North American Construction Group from a “buy” rating to a “strong-buy” rating in a research report on Saturday, July 28th. Zacks Investment Research raised shares of North American Construction Group from a “hold” rating to a “strong-buy” rating and set a $8.75 price objective for the company in a research report on Saturday, August 25th.

Shares of NOA stock opened at $10.54 on Tuesday. North American Construction Group Ltd has a 1 year low of $4.15 and a 1 year high of $12.68. The company has a quick ratio of 0.87, a current ratio of 0.96 and a debt-to-equity ratio of 0.97. The firm has a market cap of $315.91 million, a PE ratio of 75.64 and a beta of 0.15.

North American Construction Group (NYSE:NOA) (TSE:NOA) last issued its quarterly earnings data on Tuesday, October 30th. The oil and gas company reported $0.04 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.01) by $0.05. The firm had revenue of $65.14 million during the quarter. North American Construction Group had a net margin of 4.34% and a return on equity of 10.56%. On average, sell-side analysts forecast that North American Construction Group Ltd will post 0.44 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Friday, January 4th. Investors of record on Friday, November 30th will be issued a $0.0153 dividend. This represents a $0.06 annualized dividend and a yield of 0.58%. The ex-dividend date is Thursday, November 29th. North American Construction Group’s dividend payout ratio is currently 42.86%.

In related news, major shareholder Cannell Capital Llc sold 99,854 shares of the company’s stock in a transaction on Thursday, October 4th. The shares were sold at an average price of $11.04, for a total value of $1,102,388.16. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Insiders sold a total of 440,652 shares of company stock valued at $5,090,906 in the last ninety days.

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About North American Construction Group

North American Construction Group Ltd. provides mining and heavy construction services. It offers their services to customers in the resource development and industrial construction sectors, primarily within Western Canada. The company focuses on supporting the construction and operation of surface mines, in the oil sands.

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

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