Two Sigma Advisers LP lifted its stake in NACCO Industries (NYSE:NC) by 71.5% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 17,516 shares of the company’s stock after buying an additional 7,300 shares during the quarter. Two Sigma Advisers LP owned about 0.26% of NACCO Industries worth $659,000 as of its most recent filing with the Securities & Exchange Commission.
Several other hedge funds and other institutional investors also recently bought and sold shares of the company. Jefferies Group LLC bought a new stake in NACCO Industries during the 4th quarter valued at approximately $261,000. Stone Ridge Asset Management LLC bought a new stake in NACCO Industries during the 4th quarter valued at approximately $273,000. Wells Fargo & Company MN raised its stake in NACCO Industries by 53.8% during the 4th quarter. Wells Fargo & Company MN now owns 7,399 shares of the company’s stock valued at $278,000 after purchasing an additional 2,588 shares during the period. Goldman Sachs Group Inc. raised its stake in NACCO Industries by 24.3% during the 4th quarter. Goldman Sachs Group Inc. now owns 12,051 shares of the company’s stock valued at $454,000 after purchasing an additional 2,353 shares during the period. Finally, California Public Employees Retirement System raised its stake in NACCO Industries by 28.5% during the 4th quarter. California Public Employees Retirement System now owns 14,619 shares of the company’s stock valued at $550,000 after purchasing an additional 3,245 shares during the period. 47.31% of the stock is currently owned by hedge funds and other institutional investors.
Shares of NC opened at $39.00 on Thursday. The company has a market cap of $255.36, a P/E ratio of 12.69 and a beta of 0.66. NACCO Industries has a 12-month low of $14.45 and a 12-month high of $48.85. The company has a debt-to-equity ratio of 0.19, a quick ratio of 2.72 and a current ratio of 3.28.
NACCO Industries (NYSE:NC) last issued its earnings results on Wednesday, March 7th. The company reported $0.75 earnings per share (EPS) for the quarter. The company had revenue of $26.44 million for the quarter. NACCO Industries had a return on equity of 9.15% and a net margin of 7.62%.
NACCO Industries announced that its Board of Directors has initiated a stock repurchase plan on Wednesday, February 14th that allows the company to buyback $25.00 million in outstanding shares. This buyback authorization allows the company to reacquire shares of its stock through open market purchases. Shares buyback plans are often a sign that the company’s management believes its shares are undervalued.
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NACCO Industries Company Profile
NACCO Industries, Inc operates primarily in the mining industry. The company mines coal in North Dakota, Texas, Mississippi, Louisiana, and on the Navajo Nation in New Mexico for power generation. It provides value-added services, including maintaining and operating draglines for independently owned lime rock quarries; coal handling, processing, and drying services; and surface and mineral acquisition, and lease maintenance services.
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