Cypress Capital Management LLC WY Has $106,000 Holdings in North American Construction Group Ltd (NOA)

Cypress Capital Management LLC WY boosted its stake in shares of North American Construction Group Ltd (NYSE:NOA) (TSE:NOA) by 3,303.1% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 11,911 shares of the oil and gas company’s stock after acquiring an additional 11,561 shares during the quarter. Cypress Capital Management LLC WY’s holdings in North American Construction Group were worth $106,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently modified their holdings of NOA. Dimensional Fund Advisors LP bought a new position in North American Construction Group during the 2nd quarter worth $129,000. Bank of Montreal Can increased its position in 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 worth $239,000 after buying an additional 16,364 shares during the period. Acadian Asset Management LLC increased its position in North American Construction Group by 4.4% during the 3rd quarter. Acadian Asset Management LLC now owns 1,086,081 shares of the oil and gas company’s stock worth $10,644,000 after buying an additional 45,430 shares during the period. JPMorgan Chase & Co. increased its position in North American Construction Group by 44.6% during the 3rd quarter. JPMorgan Chase & Co. now owns 179,827 shares of the oil and gas company’s stock worth $1,762,000 after buying an additional 55,482 shares during the period. Finally, ClariVest Asset Management LLC bought a new position in North American Construction Group during the 3rd quarter worth $799,000. 51.24% of the stock is currently owned by institutional investors.

Shares of NYSE NOA opened at $10.28 on Wednesday. The company has a current ratio of 0.96, a quick ratio of 0.87 and a debt-to-equity ratio of 0.97. North American Construction Group Ltd has a 52 week low of $4.20 and a 52 week high of $12.68. The firm has a market capitalization of $276.29 million, a P/E ratio of 73.43 and a beta of 0.39.

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

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About North American Construction Group

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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