North American Construction Group Ltd. (NYSE:NOA) Stock Holdings Decreased by Renaissance Technologies LLC

Renaissance Technologies LLC lessened its position in North American Construction Group Ltd. (NYSE:NOA - Free Report) TSE: NOA by 4.8% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 332,800 shares of the oil and gas company's stock after selling 16,800 shares during the period. Renaissance Technologies LLC owned approximately 1.20% of North American Construction Group worth $7,192,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of the company. Alberta Investment Management Corp increased its stake 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 valued at $22,774,000 after purchasing an additional 71,454 shares during the period. Barclays PLC raised its stake in 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 valued at $390,000 after acquiring an additional 6,774 shares in the last quarter. National Bank of Canada FI boosted its position in 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 worth $28,776,000 after acquiring an additional 156,691 shares during the period. Connor Clark & Lunn Investment Management Ltd. grew its stake in shares of North American Construction Group by 31.1% in the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 427,153 shares of the oil and gas company's stock worth $9,194,000 after purchasing an additional 101,400 shares in the last quarter. Finally, Proficio Capital Partners LLC acquired a new position in shares of North American Construction Group during the fourth quarter valued at $269,000. 74.99% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

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

North American Construction Group Price Performance

NOA traded up $0.08 during trading on Wednesday, reaching $15.39. The stock had a trading volume of 55,595 shares, compared to its average volume of 68,412. The stock has a 50 day moving average of $16.28 and a two-hundred day moving average of $18.59. 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 firm has a market capitalization of $472.50 million, a price-to-earnings ratio of 10.65 and a beta of 1.16. North American Construction Group Ltd. has a 1-year low of $13.19 and a 1-year high of $22.16.

North American Construction Group Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, April 9th. Stockholders of record on Thursday, March 13th were issued a $0.084 dividend. The ex-dividend date of this dividend was Thursday, March 13th. This represents a $0.34 annualized dividend and a dividend yield of 2.18%. North American Construction Group's dividend payout ratio (DPR) is 28.70%.

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.