Vanguard Group Inc. Lowers Holdings in NACCO Industries, Inc. (NYSE:NC)

Vanguard Group Inc. cut its position in NACCO Industries, Inc. (NYSE:NC) by 3.9% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 183,580 shares of the company’s stock after selling 7,502 shares during the quarter. Vanguard Group Inc.’s holdings in NACCO Industries were worth $9,535,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently bought and sold shares of NC. KBC Group NV purchased a new stake in shares of NACCO Industries during the 2nd quarter valued at $36,000. Aperio Group LLC purchased a new stake in shares of NACCO Industries during the 2nd quarter valued at $71,000. Marshall Wace LLP raised its position in shares of NACCO Industries by 386.3% during the 1st quarter. Marshall Wace LLP now owns 4,649 shares of the company’s stock valued at $178,000 after buying an additional 3,693 shares in the last quarter. Alambic Investment Management L.P. purchased a new stake in shares of NACCO Industries during the 2nd quarter valued at $233,000. Finally, Prescott Group Capital Management L.L.C. purchased a new stake in shares of NACCO Industries during the 2nd quarter valued at $294,000. Institutional investors and hedge funds own 39.67% of the company’s stock.

Shares of NACCO Industries stock traded down $0.15 on Thursday, hitting $63.85. 651 shares of the company traded hands, compared to its average volume of 19,462. The firm’s 50-day simple moving average is $58.76 and its 200 day simple moving average is $51.37. The company has a current ratio of 3.30, a quick ratio of 2.72 and a debt-to-equity ratio of 0.08. The company has a market cap of $447.36 million, a P/E ratio of 10.24 and a beta of 0.18. NACCO Industries, Inc. has a 12-month low of $28.77 and a 12-month high of $66.40.

NACCO Industries (NYSE:NC) last posted its quarterly earnings data on Wednesday, July 31st. The company reported $1.14 earnings per share for the quarter. The firm had revenue of $41.35 million for the quarter. NACCO Industries had a net margin of 28.44% and a return on equity of 16.82%.

About NACCO Industries

NACCO Industries, Inc, together with its subsidiaries, operates surface mines that supply bituminous coal and lignite primarily to power generation companies. The company mines coal in North Dakota, Texas, Mississippi, Louisiana, and on the Navajo Nation in New Mexico. It provides value-added services, including maintaining and operating draglines and other equipment under contracts with the sellers of aggregates; coal handling, processing, and drying services; and surface and mineral acquisition, and lease maintenance services.

Featured Article: Cost of equity and a company’s balance sheet

Want to see what other hedge funds are holding NC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for NACCO Industries, Inc. (NYSE:NC).

Institutional Ownership by Quarter for NACCO Industries (NYSE:NC)

Receive News & Ratings for NACCO Industries Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for NACCO Industries and related companies with MarketBeat.com's FREE daily email newsletter.