Wed Sep 25 09:16:31 UTC 2024: ## Renaissance Technologies Cuts Stake in North American Construction Group

**New York, NY – September 25, 2024** – Hedge fund giant Renaissance Technologies LLC has reduced its holdings in North American Construction Group Ltd. (NYSE: NOA), a company providing mining and heavy civil construction services, by 15.9% in the second quarter. The firm now owns 412,700 shares, valued at $7,957,000, after selling 78,000 shares during the period.

While Renaissance Technologies trimmed its position, other hedge funds have been increasing their stakes in North American Construction Group. Cannell Capital LLC, CIBC Asset Management Inc., Hillsdale Investment Management Inc., National Bank of Canada FI, and Quadrature Capital Ltd. all added to their holdings during recent quarters. Institutional investors now hold 74.99% of the company’s stock.

North American Construction Group’s stock opened at $19.25 on Wednesday, with a market capitalization of $514.69 million. The company has announced a quarterly dividend of $0.073 per share, payable on October 4th, marking a slight increase from the previous quarter.

However, not all analysts are bullish on the stock. StockNews.com recently downgraded North American Construction Group from a “buy” to a “hold” rating.

Investors interested in the company can access further information about its recent performance and its position within the market on HoldingsChannel.com.

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