Spark Investment Management LLC reduced its stake in North American Energy Partners, Inc. (NYSE:NOA) (TSE:NOA) by 5.8% during the second quarter, Holdings Channel reports. The institutional investor owned 357,700 shares of the oil and gas company’s stock after selling 22,203 shares during the period. Spark Investment Management LLC’s holdings in North American Energy Partners were worth $1,556,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in NOA. Tower Research Capital LLC TRC bought a new position in North American Energy Partners during the first quarter valued at approximately $104,000. Russell Investments Group Ltd. raised its position in North American Energy Partners by 144.7% in the first quarter. Russell Investments Group Ltd. now owns 35,687 shares of the oil and gas company’s stock valued at $177,000 after buying an additional 21,101 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its position in North American Energy Partners by 42.9% in the first quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 39,048 shares of the oil and gas company’s stock valued at $193,000 after buying an additional 11,717 shares in the last quarter. O Shaughnessy Asset Management LLC raised its position in North American Energy Partners by 82.0% in the first quarter. O Shaughnessy Asset Management LLC now owns 60,592 shares of the oil and gas company’s stock valued at $300,000 after buying an additional 27,292 shares in the last quarter. Finally, Renaissance Technologies LLC raised its position in North American Energy Partners by 24.5% in the fourth quarter. Renaissance Technologies LLC now owns 733,260 shares of the oil and gas company’s stock valued at $2,823,000 after buying an additional 144,217 shares in the last quarter. Institutional investors own 44.72% of the company’s stock.

North American Energy Partners, Inc. (NYSE NOA) opened at 4.00 on Wednesday. The stock has a market cap of $110.13 million, a price-to-earnings ratio of 51.95 and a beta of 0.63. The firm’s 50 day moving average price is $4.25 and its 200 day moving average price is $4.71. North American Energy Partners, Inc. has a 12 month low of $2.34 and a 12 month high of $5.70.

The company also recently declared a quarterly dividend, which will be paid on Friday, October 6th. Stockholders of record on Thursday, August 31st will be paid a $0.016 dividend. This is a boost from North American Energy Partners’s previous quarterly dividend of $0.01. The ex-dividend date of this dividend is Tuesday, August 29th. This represents a $0.06 annualized dividend and a dividend yield of 1.60%. North American Energy Partners’s dividend payout ratio is 600.00%.

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Several research analysts have issued reports on the company. Zacks Investment Research upgraded North American Energy Partners from a “hold” rating to a “buy” rating and set a $5.25 target price for the company in a research report on Thursday, May 25th. Canaccord Genuity restated a “buy” rating and set a $9.00 target price on shares of North American Energy Partners in a research report on Tuesday, May 2nd. Finally, National Bank Financial restated an “outperform” rating on shares of North American Energy Partners in a research report on Wednesday, May 3rd. One investment analyst has rated the stock with a hold rating and three have issued a buy rating to the company’s stock. North American Energy Partners currently has a consensus rating of “Buy” and a consensus price target of $6.88.

North American Energy Partners Company Profile

North American Energy Partners Inc provides a range of mining and heavy construction services to customers in the resource development and industrial construction sectors within Western Canada. The Company’s operating divisions include Heavy Construction and Mining; Industrial, and Tailings & Environmental Construction.

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Institutional Ownership by Quarter for North American Energy Partners (NYSE:NOA)

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