NACCO Industries (NYSE:NC) Downgraded by StockNews.com to Hold

NACCO Industries (NYSE:NC) was downgraded by stock analysts at StockNews.com from a “buy” rating to a “hold” rating in a research note issued to investors on Saturday.

NACCO Industries Trading Down 2.3 %

Shares of NC opened at $33.87 on Friday. NACCO Industries has a one year low of $25.19 and a one year high of $34.78. The stock has a 50-day moving average price of $32.45 and a 200 day moving average price of $30.44. The company has a debt-to-equity ratio of 0.17, a quick ratio of 2.39 and a current ratio of 3.76. The company has a market capitalization of $251.68 million, a P/E ratio of -14.60 and a beta of 0.95.

NACCO Industries (NYSE:NC) last released its earnings results on Wednesday, March 5th. The company reported $1.02 EPS for the quarter. NACCO Industries had a positive return on equity of 8.87% and a negative net margin of 7.94%. The company had revenue of $70.42 million during the quarter.

Hedge Funds Weigh In On NACCO Industries

Large investors have recently modified their holdings of the stock. Tower Research Capital LLC TRC raised its stake in NACCO Industries by 232.9% during the fourth quarter. Tower Research Capital LLC TRC now owns 1,225 shares of the company’s stock valued at $37,000 after buying an additional 857 shares in the last quarter. Wells Fargo & Company MN raised its position in shares of NACCO Industries by 18.7% during the 4th quarter. Wells Fargo & Company MN now owns 2,503 shares of the company’s stock valued at $75,000 after acquiring an additional 394 shares in the last quarter. Bank of America Corp DE lifted its stake in NACCO Industries by 21.7% during the fourth quarter. Bank of America Corp DE now owns 6,504 shares of the company’s stock worth $194,000 after purchasing an additional 1,158 shares during the last quarter. Barclays PLC boosted its holdings in NACCO Industries by 365.4% in the third quarter. Barclays PLC now owns 7,004 shares of the company’s stock worth $199,000 after purchasing an additional 5,499 shares during the period. Finally, JPMorgan Chase & Co. increased its stake in NACCO Industries by 77.8% during the third quarter. JPMorgan Chase & Co. now owns 8,263 shares of the company’s stock valued at $234,000 after purchasing an additional 3,615 shares during the last quarter. Institutional investors own 49.10% of the company’s stock.

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.