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

Alberta Investment Management Corp increased its stake in shares of North American Construction Group Ltd. (NYSE:NOA - Free Report) TSE: NOA by 7.2% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,057,254 shares of the oil and gas company's stock after purchasing an additional 71,454 shares during the period. Alberta Investment Management Corp owned approximately 3.81% of North American Construction Group worth $22,774,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently made changes to their positions in the stock. Bank of Montreal Can raised its holdings in shares of North American Construction Group by 15.3% during 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 last quarter. Polar Asset Management Partners Inc. raised its holdings in shares of North American Construction Group by 59.8% during 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 last quarter. CIBC Asset Management Inc raised its holdings in shares of North American Construction Group by 11.9% during 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 last quarter. National Bank of Canada FI increased its holdings in North American Construction Group by 69.1% during 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 buying an additional 480,885 shares during the last quarter. Finally, SkyView Investment Advisors LLC increased its holdings in North American Construction Group by 1.8% during 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 buying an additional 1,049 shares during the last quarter. 74.99% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of analysts have commented on the stock. Raymond James raised shares of North American Construction Group from a "moderate buy" rating to a "strong-buy" rating in a report on Tuesday, January 21st. CIBC raised shares of North American Construction Group from a "neutral" rating to a "sector outperform" rating in a report on Thursday, December 5th. Finally, Cibc World Mkts raised shares of North American Construction Group from a "hold" rating to a "strong-buy" rating in a report on Thursday, December 5th. One equities research analyst has rated the stock with a hold rating, two have assigned a buy rating and two have issued a strong buy rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Buy".

North American Construction Group Price Performance

Shares of NOA traded down $0.39 during mid-day trading on Friday, reaching $18.48. The stock had a trading volume of 47,765 shares, compared to its average volume of 51,870. The firm has a market cap of $513.37 million, a price-to-earnings ratio of 12.83 and a beta of 1.43. North American Construction Group Ltd. has a 12 month low of $16.46 and a 12 month high of $25.92. The business has a fifty day moving average of $20.18 and a 200 day moving average of $19.43. 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 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.