Alberta Investment Management Corp Purchases 71,454 Shares of North American Construction Group Ltd. (NYSE:NOA)

Alberta Investment Management Corp grew its position in North American Construction Group Ltd. (NYSE:NOA) (TSE:NOA) by 7.2% during the fourth quarter, HoldingsChannel reports. The firm owned 1,057,254 shares of the oil and gas company’s stock after buying an additional 71,454 shares during the quarter. Alberta Investment Management Corp’s holdings in North American Construction Group were worth $22,774,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently modified their holdings of the company. Bank of Montreal Can raised its position in shares of North American Construction Group by 15.3% in the third quarter. Bank of Montreal Can now owns 2,154,347 shares of the oil and gas company’s stock valued at $40,519,000 after purchasing an additional 285,225 shares during the period. Polar Asset Management Partners Inc. raised its position in shares of North American Construction Group by 59.8% in the third quarter. Polar Asset Management Partners Inc. now owns 1,709,868 shares of the oil and gas company’s stock valued at $31,981,000 after purchasing an additional 639,857 shares during the period. CIBC Asset Management Inc raised its position in shares of North American Construction Group by 11.9% in the third quarter. CIBC Asset Management Inc now owns 1,291,883 shares of the oil and gas company’s stock valued at $24,167,000 after purchasing an additional 137,327 shares during the period. National Bank of Canada FI raised its position in shares of North American Construction Group by 69.1% in the third quarter. National Bank of Canada FI now owns 1,177,109 shares of the oil and gas company’s stock valued at $22,012,000 after purchasing an additional 480,885 shares during the period. Finally, SkyView Investment Advisors LLC raised its position in shares of 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 during the period. Institutional investors own 74.99% of the company’s stock.

North American Construction Group Stock Up 1.1 %

NOA opened at $18.86 on Wednesday. North American Construction Group Ltd. has a fifty-two week low of $16.46 and a fifty-two week high of $25.92. The company has a debt-to-equity ratio of 1.85, a current ratio of 1.13 and a quick ratio of 0.88. The firm’s fifty day moving average price is $20.31 and its two-hundred day moving average price is $19.42. The company has a market capitalization of $523.93 million, a P/E ratio of 13.10 and a beta of 1.43.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on NOA. Cibc World Mkts raised shares of North American Construction Group from a “hold” rating to a “strong-buy” rating in a research report on Thursday, December 5th. Raymond James raised shares of North American Construction Group from a “moderate buy” rating to a “strong-buy” rating in a research report on Tuesday, January 21st. Finally, 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. One analyst has rated the stock with a hold rating, two have issued a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat, North American Construction Group presently has a consensus rating of “Buy”.

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.