Campbell & CO Investment Adviser LLC Reduces Holdings in North American Construction Group Ltd. (NYSE:NOA)

Campbell & CO Investment Adviser LLC reduced its stake in North American Construction Group Ltd. (NYSE:NOAFree Report) (TSE:NOA) by 30.4% during the 4th quarter, HoldingsChannel.com reports. The fund owned 20,857 shares of the oil and gas company’s stock after selling 9,095 shares during the quarter. Campbell & CO Investment Adviser LLC’s holdings in North American Construction Group were worth $435,000 at the end of the most recent quarter.

A number of other hedge funds also recently added to or reduced their stakes in the business. SkyView Investment Advisors LLC lifted its holdings in North American Construction Group by 2.6% during the 3rd quarter. SkyView Investment Advisors LLC now owns 29,961 shares of the oil and gas company’s stock worth $651,000 after buying an additional 771 shares in the last quarter. Shell Asset Management Co. lifted its holdings in North American Construction Group by 142.3% during the 3rd quarter. Shell Asset Management Co. now owns 1,929 shares of the oil and gas company’s stock worth $42,000 after buying an additional 1,133 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in North American Construction Group by 34.3% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 6,326 shares of the oil and gas company’s stock worth $133,000 after buying an additional 1,615 shares in the last quarter. New York State Common Retirement Fund lifted its holdings in North American Construction Group by 80.1% during the 3rd quarter. New York State Common Retirement Fund now owns 8,947 shares of the oil and gas company’s stock worth $194,000 after buying an additional 3,980 shares in the last quarter. Finally, Janney Montgomery Scott LLC lifted its holdings in North American Construction Group by 8.1% during the 4th quarter. Janney Montgomery Scott LLC now owns 77,032 shares of the oil and gas company’s stock worth $1,606,000 after buying an additional 5,755 shares in the last quarter. 74.99% of the stock is currently owned by institutional investors and hedge funds.

North American Construction Group Price Performance

Shares of NOA opened at $21.04 on Tuesday. North American Construction Group Ltd. has a twelve month low of $18.30 and a twelve month high of $26.30. The firm’s fifty day simple moving average is $21.06 and its 200-day simple moving average is $21.92. The firm has a market capitalization of $562.61 million, a price-to-earnings ratio of 15.94 and a beta of 1.48. The company has a current ratio of 1.04, a quick ratio of 0.81 and a debt-to-equity ratio of 1.79.

North American Construction Group (NYSE:NOAGet Free Report) (TSE:NOA) last announced its quarterly earnings data on Thursday, May 2nd. The oil and gas company reported $0.50 earnings per share for the quarter, missing analysts’ consensus estimates of $0.51 by ($0.01). The firm had revenue of $220.33 million during the quarter, compared to analyst estimates of $217.28 million. North American Construction Group had a net margin of 5.21% and a return on equity of 19.48%. During the same quarter in the previous year, the business posted $0.71 earnings per share. Equities analysts forecast that North American Construction Group Ltd. will post 2.99 EPS for the current fiscal year.

North American Construction Group Cuts Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, July 5th. Investors of record on Friday, May 31st will be given a $0.0726 dividend. This represents a $0.29 dividend on an annualized basis and a dividend yield of 1.38%. The ex-dividend date of this dividend is Friday, May 31st. North American Construction Group’s dividend payout ratio (DPR) is 21.97%.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on the stock. StockNews.com upgraded shares of North American Construction Group from a “hold” rating to a “buy” rating in a report on Saturday, May 11th. TD Cowen upgraded shares of North American Construction Group from a “hold” rating to a “buy” rating in a report on Thursday, April 18th.

View Our Latest Research Report on NOA

North American Construction Group Profile

(Free Report)

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.

See Also

Want to see what other hedge funds are holding NOA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for North American Construction Group Ltd. (NYSE:NOAFree Report) (TSE:NOA).

Institutional Ownership by Quarter for North American Construction Group (NYSE:NOA)

Receive News & Ratings for North American Construction Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for North American Construction Group and related companies with MarketBeat.com's FREE daily email newsletter.