Claret Asset Management Corp Has $43.95 Million Stock Holdings in North American Construction Group Ltd. (NYSE:NOA)

Claret Asset Management Corp lifted its position in North American Construction Group Ltd. (NYSE:NOA - Free Report) TSE: NOA by 1.7% in the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 2,040,138 shares of the oil and gas company's stock after acquiring an additional 33,881 shares during the period. North American Construction Group accounts for about 6.9% of Claret Asset Management Corp's investment portfolio, making the stock its largest holding. Claret Asset Management Corp owned about 7.34% of North American Construction Group worth $43,945,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in the company. Hillsdale Investment Management Inc. purchased a new position in North American Construction Group during the fourth quarter valued at $8,134,000. National Bank of Canada FI boosted its holdings in shares of North American Construction Group by 13.3% during the 4th quarter. National Bank of Canada FI now owns 1,333,800 shares of the oil and gas company's stock valued at $28,776,000 after acquiring an additional 156,691 shares during the last quarter. Arrowstreet Capital Limited Partnership grew its position in North American Construction Group by 562.9% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 150,707 shares of the oil and gas company's stock worth $3,245,000 after purchasing an additional 127,971 shares during the period. Connor Clark & Lunn Investment Management Ltd. increased its position in North American Construction Group by 31.1% during the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 427,153 shares of the oil and gas company's stock valued at $9,194,000 after acquiring an additional 101,400 shares during the last quarter. Finally, Alberta Investment Management Corp boosted its holdings in shares of North American Construction Group by 7.2% in the fourth quarter. Alberta Investment Management Corp now owns 1,057,254 shares of the oil and gas company's stock worth $22,774,000 after buying an additional 71,454 shares during the last quarter. 74.99% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

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

North American Construction Group Price Performance

NOA traded up $0.07 on Wednesday, hitting $15.38. 78,546 shares of the company's stock traded hands, compared to its average volume of 68,485. North American Construction Group Ltd. has a one year low of $13.19 and a one year high of $22.16. The company has a current ratio of 1.13, a quick ratio of 0.88 and a debt-to-equity ratio of 1.85. The firm has a market cap of $472.04 million, a price-to-earnings ratio of 10.68 and a beta of 1.16. The company's 50 day simple moving average is $16.28 and its 200-day simple moving average is $18.59.

North American Construction Group Cuts Dividend

The business 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 2.18%. North American Construction Group's payout ratio is 28.70%.

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.