Tranquility Partners LLC Boosts Holdings in North American Construction Group Ltd. (NYSE:NOA)

Tranquility Partners LLC lifted its position in shares of North American Construction Group Ltd. (NYSE:NOA) (TSE:NOA) by 11.5% during the fourth quarter, HoldingsChannel reports. The firm owned 14,926 shares of the oil and gas company’s stock after purchasing an additional 1,538 shares during the quarter. Tranquility Partners LLC’s holdings in North American Construction Group were worth $323,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Bank of Montreal Can boosted its position in North American Construction Group by 15.3% in the 3rd quarter. Bank of Montreal Can now owns 2,154,347 shares of the oil and gas company’s stock valued at $40,519,000 after buying an additional 285,225 shares during the last quarter. Polar Asset Management Partners Inc. boosted its holdings in North American Construction Group by 59.8% in the third quarter. Polar Asset Management Partners Inc. now owns 1,709,868 shares of the oil and gas company’s stock valued at $31,981,000 after purchasing an additional 639,857 shares during the last quarter. CIBC Asset Management Inc boosted its holdings in North American Construction Group by 11.9% in the third quarter. CIBC Asset Management Inc now owns 1,291,883 shares of the oil and gas company’s stock valued at $24,167,000 after purchasing an additional 137,327 shares during the last quarter. National Bank of Canada FI grew its stake in North American Construction Group by 69.1% during the 3rd quarter. National Bank of Canada FI now owns 1,177,109 shares of the oil and gas company’s stock valued at $22,012,000 after purchasing an additional 480,885 shares in the last quarter. Finally, SkyView Investment Advisors LLC increased its holdings in North American Construction Group by 1.8% during the 3rd quarter. SkyView Investment Advisors LLC now owns 59,371 shares of the oil and gas company’s stock worth $1,110,000 after purchasing an additional 1,049 shares during the last quarter. 74.99% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

NOA has been the subject of a number of recent analyst reports. Raymond James raised shares of North American Construction Group from a “moderate buy” rating to a “strong-buy” rating in a research report on Tuesday, January 21st. Cibc World Mkts upgraded shares of North American Construction Group from a “hold” rating to a “strong-buy” rating in a research note 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 report on Thursday, December 5th. One analyst has rated the stock with a hold rating, two have issued a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Buy”.

North American Construction Group Price Performance

Shares of NYSE:NOA opened at $18.83 on Thursday. The company has a market cap of $523.10 million, a PE ratio of 13.08 and a beta of 1.43. North American Construction Group Ltd. has a fifty-two week low of $16.46 and a fifty-two week high of $25.92. The firm has a 50-day simple moving average of $20.49 and a 200 day simple moving average of $19.42. The company has a quick ratio of 0.88, a current ratio of 1.13 and a debt-to-equity ratio of 1.85.

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.