Renaissance Technologies LLC Has $7.19 Million Stake in North American Construction Group Ltd. (NYSE:NOA)

Renaissance Technologies LLC decreased its position in North American Construction Group Ltd. (NYSE:NOA - Free Report) TSE: NOA by 4.8% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 332,800 shares of the oil and gas company's stock after selling 16,800 shares during the period. Renaissance Technologies LLC owned about 1.20% of North American Construction Group worth $7,192,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in NOA. Russell Investments Group Ltd. lifted its holdings in North American Construction Group by 284.3% in the fourth quarter. Russell Investments Group Ltd. now owns 7,954 shares of the oil and gas company's stock valued at $171,000 after acquiring an additional 5,884 shares during the period. Public Employees Retirement System of Ohio purchased a new position in North American Construction Group in the third quarter valued at about $185,000. Stephens Inc. AR purchased a new position in North American Construction Group in the 4th quarter valued at approximately $204,000. Geode Capital Management LLC grew its stake in North American Construction Group by 14.9% in the 3rd quarter. Geode Capital Management LLC now owns 14,138 shares of the oil and gas company's stock valued at $264,000 after acquiring an additional 1,838 shares during the last quarter. Finally, Proficio Capital Partners LLC acquired a new stake in shares of North American Construction Group in the fourth quarter valued at approximately $269,000. 74.99% of the stock is owned by hedge funds and other institutional investors.

North American Construction Group Stock Performance

Shares of North American Construction Group stock traded down $0.07 during trading hours on Thursday, reaching $15.32. The company's stock had a trading volume of 14,074 shares, compared to its average volume of 68,264. The stock has a market cap of $470.39 million, a P/E ratio of 10.64 and a beta of 1.16. North American Construction Group Ltd. has a one year low of $13.19 and a one year high of $22.16. The company's 50 day simple moving average is $16.21 and its 200 day simple moving average is $18.57. The company has a debt-to-equity ratio of 1.85, a quick ratio of 0.88 and a current ratio of 1.13.

North American Construction Group Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, April 9th. Investors of record on Thursday, March 13th were paid a dividend of $0.084 per share. The ex-dividend date was Thursday, March 13th. This represents a $0.34 annualized dividend and a yield of 2.19%. North American Construction Group's dividend payout ratio is currently 28.70%.

Wall Street Analyst Weigh In

Separately, Raymond James lowered shares of North American Construction Group from a "strong-buy" rating to a "moderate buy" rating in a research report on Tuesday.

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.