NACCO Industries (NYSE:NC) Lowered to Hold Rating by Wall Street Zen

NACCO Industries (NYSE:NC - Get Free Report) was downgraded by research analysts at Wall Street Zen from a "buy" rating to a "hold" rating in a note issued to investors on Saturday.

NACCO Industries Stock Down 1.1%

NC stock traded down $0.39 during trading on Friday, hitting $36.32. 5,560 shares of the company's stock were exchanged, compared to its average volume of 14,350. The business has a 50-day moving average price of $35.55 and a two-hundred day moving average price of $33.01. The company has a current ratio of 3.76, a quick ratio of 2.39 and a debt-to-equity ratio of 0.17. The stock has a market capitalization of $270.26 million, a price-to-earnings ratio of -15.65 and a beta of 0.61. NACCO Industries has a 52-week low of $25.19 and a 52-week high of $39.65.

NACCO Industries (NYSE:NC - Get Free Report) last issued its quarterly earnings data on Wednesday, April 30th. The company reported $0.66 earnings per share for the quarter. NACCO Industries had a negative net margin of 7.94% and a positive return on equity of 8.87%. The business had revenue of $65.57 million during the quarter.

Hedge Funds Weigh In On NACCO Industries

Institutional investors have recently modified their holdings of the business. Empowered Funds LLC grew its holdings in shares of NACCO Industries by 4.9% during the fourth quarter. Empowered Funds LLC now owns 36,444 shares of the company's stock worth $1,087,000 after buying an additional 1,716 shares during the last quarter. Two Sigma Advisers LP grew its stake in shares of NACCO Industries by 3.4% in the 4th quarter. Two Sigma Advisers LP now owns 21,316 shares of the company's stock valued at $636,000 after purchasing an additional 700 shares during the last quarter. Barclays PLC increased its holdings in shares of NACCO Industries by 11.0% in the fourth quarter. Barclays PLC now owns 7,771 shares of the company's stock valued at $232,000 after purchasing an additional 767 shares during the period. Tower Research Capital LLC TRC raised its stake in shares of NACCO Industries by 232.9% during the fourth quarter. Tower Research Capital LLC TRC now owns 1,225 shares of the company's stock worth $37,000 after purchasing an additional 857 shares during the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. lifted its holdings in shares of NACCO Industries by 2.3% during the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 19,079 shares of the company's stock worth $569,000 after purchasing an additional 424 shares during the period. 49.10% of the stock is owned by institutional investors and hedge funds.

About NACCO Industries

NACCO Industries, Inc, together with its subsidiaries, engages in the natural resources business. The company operates through three segments: Coal Mining, North American Mining, and Minerals Management. The Coal Mining segment operates surface coal mines under long-term contracts with power generation companies.