Renaissance Technologies LLC Sells 16,800 Shares of North American Construction Group Ltd. (NYSE:NOA)

Renaissance Technologies LLC trimmed its position in North American Construction Group Ltd. (NYSE:NOA) (TSE:NOA) by 4.8% during the fourth quarter, HoldingsChannel.com reports. The fund owned 332,800 shares of the oil and gas company’s stock after selling 16,800 shares during the quarter. Renaissance Technologies LLC’s holdings in North American Construction Group were worth $7,192,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in NOA. Legal & General Group Plc increased its stake in shares of North American Construction Group by 35.5% in the 4th quarter. Legal & General Group Plc now owns 22,919 shares of the oil and gas company’s stock valued at $494,000 after purchasing an additional 6,008 shares during the last quarter. Russell Investments Group Ltd. grew its position 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 last quarter. Envestnet Asset Management Inc. grew its position in North American Construction Group by 2.0% in the fourth quarter. Envestnet Asset Management Inc. now owns 55,263 shares of the oil and gas company’s stock valued at $1,194,000 after acquiring an additional 1,085 shares during the last quarter. JB Capital Partners LP acquired a new position in North American Construction Group during the fourth quarter worth about $432,000. Finally, National Bank of Canada FI lifted its holdings in shares of North American Construction Group by 13.3% in the fourth quarter. National Bank of Canada FI now owns 1,333,800 shares of the oil and gas company’s stock worth $28,776,000 after acquiring an additional 156,691 shares during the last quarter. 74.99% of the stock is currently owned by institutional investors and hedge funds.

North American Construction Group Price Performance

Shares of NOA opened at $15.34 on Friday. The company has a quick ratio of 0.88, a current ratio of 1.13 and a debt-to-equity ratio of 1.85. The stock has a market cap of $470.82 million, a PE ratio of 10.65 and a beta of 1.16. North American Construction Group Ltd. has a 12-month low of $13.19 and a 12-month high of $22.16. The business has a 50-day simple moving average of $16.42 and a two-hundred day simple moving average of $18.64.

North American Construction Group Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, April 9th. Investors of record on Thursday, March 13th were given 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 presently 28.70%.

Wall Street Analyst Weigh In

Separately, Raymond James upgraded shares of North American Construction Group from a “moderate buy” rating to a “strong-buy” rating in a research report on Tuesday, January 21st.

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.