Tranquility Partners LLC Grows Stock Position in North American Construction Group Ltd. (NYSE:NOA)

Tranquility Partners LLC boosted its position in North American Construction Group Ltd. (NYSE:NOA) (TSE:NOA) by 11.5% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 14,926 shares of the oil and gas company’s stock after buying an additional 1,538 shares during the period. Tranquility Partners LLC owned approximately 0.05% of North American Construction Group worth $323,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Public Employees Retirement System of Ohio purchased a new stake in shares of North American Construction Group in the third quarter valued at about $185,000. Stephens Inc. AR acquired a new stake in North American Construction Group in the fourth quarter valued at about $204,000. Geode Capital Management LLC lifted its position in North American Construction Group by 14.9% in the third 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 during the period. PDT Partners LLC boosted its holdings in 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 valued at $321,000 after purchasing an additional 5,371 shares in the last quarter. Finally, Barclays PLC increased its position 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 worth $390,000 after purchasing an additional 6,774 shares during the period. 74.99% of the stock is currently owned by hedge funds and other institutional investors.

North American Construction Group Trading Down 0.6 %

NOA stock opened at $18.83 on Thursday. 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 company has a market cap of $523.10 million, a price-to-earnings ratio of 13.08 and a beta of 1.43. The business has a fifty day simple moving average of $20.49 and a 200-day simple moving average of $19.42. North American Construction Group Ltd. has a 52 week low of $16.46 and a 52 week high of $25.92.

Analyst Ratings Changes

NOA has been the topic of a number of analyst reports. Raymond James upgraded North American Construction Group from a “moderate buy” rating to a “strong-buy” rating in a research note on Tuesday, January 21st. Cibc World Mkts raised North American Construction Group from a “hold” rating to a “strong-buy” rating in a report on Thursday, December 5th. Finally, CIBC raised shares of North American Construction Group from a “neutral” rating to a “sector outperform” rating in a research note on Thursday, December 5th. One analyst has rated the stock with a hold rating, two have given a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, North American Construction Group presently has an average rating of “Buy”.

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.