StockNews.com Upgrades North American Construction Group (NYSE:NOA) to "Hold"

North American Construction Group (NYSE:NOA - Get Free Report) TSE: NOA was upgraded by equities researchers at StockNews.com from a "sell" rating to a "hold" rating in a research note issued to investors on Wednesday.

Separately, Raymond James downgraded shares of North American Construction Group from a "strong-buy" rating to a "moderate buy" rating in a research note on Tuesday, April 22nd.

North American Construction Group Stock Down 1.2%

Shares of NYSE:NOA opened at $17.00 on Wednesday. The firm has a market capitalization of $520.15 million, a PE ratio of 11.81 and a beta of 1.32. North American Construction Group has a 1 year low of $13.19 and a 1 year high of $22.08. 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 50-day moving average is $15.69 and its two-hundred day moving average is $18.33.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in NOA. Russell Investments Group Ltd. raised its holdings in shares of North American Construction Group by 284.3% in the 4th quarter. Russell Investments Group Ltd. now owns 7,954 shares of the oil and gas company's stock valued at $171,000 after purchasing an additional 5,884 shares in the last quarter. Stephens Inc. AR acquired a new stake in North American Construction Group in the fourth quarter valued at $204,000. Tranquility Partners LLC lifted its holdings in North American Construction Group by 4.4% during the 1st quarter. Tranquility Partners LLC now owns 15,584 shares of the oil and gas company's stock worth $246,000 after buying an additional 658 shares during the last quarter. Proficio Capital Partners LLC acquired a new position in North American Construction Group in the fourth quarter valued at approximately $269,000. Finally, D. E. Shaw & Co. Inc. purchased a new stake in shares of North American Construction Group during the 4th quarter worth approximately $295,000. Hedge funds and other institutional investors own 74.99% of the company's stock.

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.

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