North American Construction Group Ltd. $NOA Shares Sold by Connor Clark & Lunn Investment Management Ltd.

Connor Clark & Lunn Investment Management Ltd. decreased its position in shares of North American Construction Group Ltd. (NYSE:NOA) (TSE:NOA) by 0.9% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 425,100 shares of the oil and gas company’s stock after selling 3,700 shares during the quarter. Connor Clark & Lunn Investment Management Ltd. owned 1.41% of North American Construction Group worth $6,807,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of NOA. Public Employees Retirement System of Ohio grew its holdings in North American Construction Group by 16.7% in the second quarter. Public Employees Retirement System of Ohio now owns 10,307 shares of the oil and gas company’s stock valued at $165,000 after purchasing an additional 1,474 shares during the last quarter. Timelo Investment Management Inc. purchased a new stake in shares of North American Construction Group in the 2nd quarter worth about $247,000. Vanguard Personalized Indexing Management LLC grew its stake in North American Construction Group by 35.4% in the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 16,795 shares of the oil and gas company’s stock valued at $268,000 after acquiring an additional 4,390 shares during the last quarter. Nuveen LLC purchased a new position in North American Construction Group during the 1st quarter valued at about $395,000. Finally, Jane Street Group LLC acquired a new position in North American Construction Group during the first quarter worth about $476,000. Institutional investors and hedge funds own 74.99% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on the company. Cibc World Mkts cut North American Construction Group from a “strong-buy” rating to a “hold” rating in a report on Friday, August 15th. Zacks Research upgraded North American Construction Group from a “strong sell” rating to a “hold” rating in a research report on Tuesday, October 14th. CIBC downgraded shares of North American Construction Group to a “neutral” rating in a research note on Friday, August 15th. TD Securities cut shares of North American Construction Group from a “buy” rating to a “hold” rating in a research note on Thursday, August 14th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of North American Construction Group in a report on Wednesday, October 8th. Seven equities research analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, the company has a consensus rating of “Hold”.

North American Construction Group Stock Up 1.8%

Shares of NYSE NOA opened at $14.43 on Thursday. The stock has a market capitalization of $433.61 million, a PE ratio of 16.59 and a beta of 1.29. The company has a quick ratio of 0.75, a current ratio of 0.94 and a debt-to-equity ratio of 1.57. The firm has a fifty day moving average of $14.26 and a 200-day moving average of $15.32. North American Construction Group Ltd. has a 52-week low of $12.12 and a 52-week high of $22.08.

North American Construction Group (NYSE:NOA) (TSE:NOA) last posted its quarterly earnings results on Wednesday, August 13th. The oil and gas company reported $0.24 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.66 by ($0.42). North American Construction Group had a net margin of 2.82% and a return on equity of 17.15%. The firm had revenue of $235.51 million for the quarter, compared to analysts’ expectations of $231.51 million. On average, analysts anticipate that North American Construction Group Ltd. will post 2.56 EPS for the current year.

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.