NACCO Industries (NYSE:NC) Stock Rating Upgraded by Wall Street Zen

NACCO Industries (NYSE:NC) was upgraded by analysts at Wall Street Zen from a “hold” rating to a “buy” rating in a note issued to investors on Sunday.

NACCO Industries Trading Up 2.1%

NYSE:NC opened at $37.01 on Friday. The stock’s 50 day moving average price is $35.94 and its 200 day moving average price is $33.14. The company has a market capitalization of $275.41 million, a PE ratio of -15.95 and a beta of 0.61. The company has a quick ratio of 2.39, a current ratio of 3.76 and a debt-to-equity ratio of 0.17. NACCO Industries has a 52-week low of $25.19 and a 52-week high of $39.65.

NACCO Industries (NYSE:NC) last released its quarterly earnings results on Wednesday, April 30th. The company reported $0.66 earnings per share (EPS) for the quarter. The firm had revenue of $65.57 million for the quarter. NACCO Industries had a positive return on equity of 8.87% and a negative net margin of 7.94%.

Institutional Trading of NACCO Industries

A number of hedge funds have recently added to or reduced their stakes in the stock. Wells Fargo & Company MN lifted its position in NACCO Industries by 18.7% during the 4th quarter. Wells Fargo & Company MN now owns 2,503 shares of the company’s stock worth $75,000 after acquiring an additional 394 shares during the period. Connor Clark & Lunn Investment Management Ltd. lifted its holdings in shares of NACCO Industries by 2.3% in the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 19,079 shares of the company’s stock valued at $569,000 after buying an additional 424 shares during the period. Exchange Traded Concepts LLC lifted its holdings in shares of NACCO Industries by 30.9% in the 1st quarter. Exchange Traded Concepts LLC now owns 2,366 shares of the company’s stock valued at $80,000 after buying an additional 559 shares during the period. Byrne Asset Management LLC lifted its holdings in shares of NACCO Industries by 105.6% in the 1st quarter. Byrne Asset Management LLC now owns 1,357 shares of the company’s stock valued at $46,000 after buying an additional 697 shares during the period. Finally, Two Sigma Advisers LP lifted its holdings 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 buying an additional 700 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.