North American Construction Group Ltd (NOA) is Signia Capital Management LLC’s 4th Largest Position

Signia Capital Management LLC trimmed its position in North American Construction Group Ltd (NYSE:NOA) (TSE:NOA) by 19.7% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 593,086 shares of the oil and gas company’s stock after selling 145,291 shares during the quarter. North American Construction Group comprises about 6.1% of Signia Capital Management LLC’s investment portfolio, making the stock its 4th biggest position. Signia Capital Management LLC owned about 2.19% of North American Construction Group worth $5,278,000 at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of the company. Whittier Trust Co. acquired a new stake in North American Construction Group during the 4th quarter worth about $27,000. Cypress Capital Management LLC WY lifted its position in shares of North American Construction Group by 3,303.1% during the 4th quarter. Cypress Capital Management LLC WY now owns 11,911 shares of the oil and gas company’s stock valued at $106,000 after buying an additional 11,561 shares during the last quarter. Jane Street Group LLC purchased a new position in shares of North American Construction Group during the 3rd quarter valued at $126,000. Dimensional Fund Advisors LP purchased a new position in shares of North American Construction Group during the 2nd quarter valued at $129,000. Finally, Bank of Montreal Can lifted its position in shares of North American Construction Group by 204.0% during the 3rd quarter. Bank of Montreal Can now owns 24,384 shares of the oil and gas company’s stock valued at $239,000 after buying an additional 16,364 shares during the last quarter. 52.47% of the stock is currently owned by hedge funds and other institutional investors.

Shares of NYSE:NOA traded up $0.12 on Thursday, reaching $11.51. The company’s stock had a trading volume of 4,287 shares, compared to its average volume of 76,120. North American Construction Group Ltd has a 52-week low of $4.55 and a 52-week high of $12.68. The company has a debt-to-equity ratio of 0.97, a quick ratio of 0.87 and a current ratio of 0.96. The stock has a market capitalization of $312.75 million, a price-to-earnings ratio of 82.46 and a beta of 0.39.

A number of equities research analysts recently commented on the company. Raymond James reiterated a “buy” rating on shares of North American Construction Group in a research report on Thursday, December 13th. ValuEngine raised shares of North American Construction Group from a “hold” rating to a “buy” rating in a research report on Saturday, February 2nd. Finally, Zacks Investment Research lowered shares of North American Construction Group from a “buy” rating to a “hold” rating in a research report on Tuesday, November 6th.

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North American Construction Group Profile

North American Construction Group Ltd. provides mining and heavy construction services. It offers their services to customers in the resource development and industrial construction sectors, primarily within Western Canada. The company focuses on supporting the construction and operation of surface mines, in the oil sands.

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

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