Alberta Investment Management Corp Sells 218,998 Shares of North American Construction Group Ltd. (NYSE:NOA)

Alberta Investment Management Corp decreased its position in shares of North American Construction Group Ltd. (NYSE:NOA - Free Report) TSE: NOA by 20.7% during the first quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 838,256 shares of the oil and gas company's stock after selling 218,998 shares during the quarter. Alberta Investment Management Corp owned approximately 2.73% of North American Construction Group worth $13,215,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. AYAL Capital Advisors Ltd raised its position in shares of North American Construction Group by 619.2% during the fourth quarter. AYAL Capital Advisors Ltd now owns 418,570 shares of the oil and gas company's stock valued at $9,045,000 after buying an additional 360,370 shares during the last quarter. NewGen Asset Management Ltd bought a new position in shares of North American Construction Group during the first quarter worth $2,368,000. Arrowstreet Capital Limited Partnership grew its stake in North American Construction Group by 562.9% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 150,707 shares of the oil and gas company's stock valued at $3,245,000 after acquiring an additional 127,971 shares in the last quarter. Two Sigma Investments LP increased its holdings in North American Construction Group by 99.3% in the 4th quarter. Two Sigma Investments LP now owns 195,639 shares of the oil and gas company's stock valued at $4,228,000 after acquiring an additional 97,493 shares during the last quarter. Finally, Bank of America Corp DE increased its holdings in North American Construction Group by 12.8% in the 4th quarter. Bank of America Corp DE now owns 434,014 shares of the oil and gas company's stock valued at $9,379,000 after acquiring an additional 49,104 shares during the last quarter. Institutional investors own 74.99% of the company's stock.

North American Construction Group Trading Down 0.8%

NOA stock opened at $14.91 on Friday. The firm has a fifty day moving average price of $16.58 and a 200 day moving average price of $16.87. North American Construction Group Ltd. has a fifty-two week low of $13.19 and a fifty-two week high of $22.08. The firm has a market cap of $450.43 million, a PE ratio of 14.76 and a beta of 1.26. The company has a debt-to-equity ratio of 1.44, a quick ratio of 0.74 and a current ratio of 0.92.

North American Construction Group Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, July 11th. Shareholders of record on Wednesday, June 4th were paid a $0.086 dividend. This represents a $0.34 dividend on an annualized basis and a dividend yield of 2.3%. The ex-dividend date of this dividend was Wednesday, June 4th. This is an increase from North American Construction Group's previous quarterly dividend of $0.08. North American Construction Group's dividend payout ratio is 34.65%.

Wall Street Analyst Weigh In

Several research analysts have commented on the stock. Canaccord Genuity Group downgraded shares of North American Construction Group from a "buy" rating to a "hold" rating in a report on Friday, July 11th. Raymond James Financial lowered North American Construction Group from a "strong-buy" rating to a "moderate buy" rating in a research note on Tuesday, April 22nd. Finally, Wall Street Zen upgraded North American Construction Group from a "sell" rating to a "hold" rating in a report on Wednesday, May 21st. Two analysts have rated the stock with a hold rating, one has issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy".

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.

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