North American Construction Group (NYSE:NOA) Upgraded at Cibc World Mkts

North American Construction Group (NYSE:NOA - Get Free Report) TSE: NOA was upgraded by Cibc World Mkts from a "hold" rating to a "strong-buy" rating in a report issued on Thursday,Zacks.com reports.

Separately, CIBC raised shares of North American Construction Group from a "neutral" rating to a "sector outperform" rating in a research note on Thursday.

North American Construction Group Trading Down 1.4 %

NYSE NOA traded down $0.29 during trading hours on Thursday, hitting $20.76. 88,229 shares of the company were exchanged, compared to its average volume of 64,704. North American Construction Group has a 52 week low of $16.46 and a 52 week high of $25.92. 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 50-day moving average price of $19.13 and a 200 day moving average price of $19.26. The stock has a market cap of $577.55 million, a PE ratio of 14.41 and a beta of 1.49.

Institutional Trading of North American Construction Group

A number of large investors have recently made changes to their positions in NOA. Public Employees Retirement System of Ohio purchased a new stake in shares of North American Construction Group in the third quarter valued at approximately $185,000. Geode Capital Management LLC raised its position in North American Construction Group by 14.9% during 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 purchasing an additional 1,838 shares in the last quarter. PDT Partners LLC lifted its holdings in shares of North American Construction Group by 45.6% in the 3rd quarter. PDT Partners LLC now owns 17,155 shares of the oil and gas company's stock worth $321,000 after buying an additional 5,371 shares during the period. Barclays PLC grew its position in shares of North American Construction Group by 48.1% during the 3rd quarter. Barclays PLC now owns 20,867 shares of the oil and gas company's stock worth $390,000 after buying an additional 6,774 shares in the last quarter. Finally, TD Asset Management Inc increased its stake in shares of North American Construction Group by 2.4% during the second quarter. TD Asset Management Inc now owns 24,688 shares of the oil and gas company's stock valued at $476,000 after buying an additional 571 shares during the period. 74.99% of the stock is owned by hedge funds and other institutional investors.

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.