110,210 Shares in SunCoke Energy, Inc. $SXC Bought by Quantbot Technologies LP

Key Points

• Quantbot Technologies LP acquired 110,210 SunCoke Energy shares worth approximately $887,000, giving it a 0.13% stake. Institutional investors collectively own 90.45% of the company.
• Analyst sentiment remains cautious: SunCoke has a consensus rating of “Reduce” and an average price target of $9.00, despite one analyst upgrading the stock to “Buy.”
• SunCoke reported quarterly EPS of $0.15, ahead of the $0.08 estimate, while revenue rose 9.5% year over year to $475.3 million. The company also declared a $0.12 quarterly dividend, representing a 4.9% annualized yield.

Quantbot Technologies LP acquired a new position in shares of SunCoke Energy, Inc. (NYSE:SXC - Free Report) in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 110,210 shares of the energy company's stock, valued at approximately $887,000. Quantbot Technologies LP owned 0.13% of SunCoke Energy as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. EverSource Wealth Advisors LLC lifted its holdings in shares of SunCoke Energy by 544.8% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 2,992 shares of the energy company's stock worth $26,000 after acquiring an additional 2,528 shares during the last quarter. Farther Finance Advisors LLC grew its holdings in SunCoke Energy by 69.4% during the 4th quarter. Farther Finance Advisors LLC now owns 3,831 shares of the energy company's stock valued at $28,000 after purchasing an additional 1,569 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. purchased a new stake in SunCoke Energy in the 2nd quarter worth about $29,000. Tower Research Capital LLC TRC raised its position in SunCoke Energy by 176.2% in the 2nd quarter. Tower Research Capital LLC TRC now owns 5,615 shares of the energy company's stock worth $48,000 after purchasing an additional 3,582 shares during the period. Finally, Allworth Financial LP bought a new stake in SunCoke Energy in the second quarter worth about $49,000. Institutional investors own 90.45% of the company's stock.

Analysts Set New Price Targets

A number of research analysts have recently commented on the company. Weiss Ratings raised SunCoke Energy from a "sell (d)" rating to a "sell (d+)" rating in a research note on Thursday, June 11th. Wall Street Zen upgraded SunCoke Energy from a "hold" rating to a "buy" rating in a research note on Saturday, August 8th. One equities research analyst has rated the stock with a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Reduce" and a consensus price target of $9.00.

SunCoke Energy Price Performance

Shares of SXC stock opened at $9.80 on Thursday. SunCoke Energy, Inc. has a twelve month low of $5.51 and a twelve month high of $9.93. The stock has a market capitalization of $831.82 million, a price-to-earnings ratio of -15.31 and a beta of 0.98. The stock has a fifty day simple moving average of $8.77 and a two-hundred day simple moving average of $7.76. The company has a current ratio of 2.25, a quick ratio of 1.37 and a debt-to-equity ratio of 1.07.

SunCoke Energy (NYSE:SXC - Get Free Report) last announced its quarterly earnings results on Thursday, July 30th. The energy company reported $0.15 EPS for the quarter, beating the consensus estimate of $0.08 by $0.07. The firm had revenue of $475.30 million for the quarter, compared to analyst estimates of $445.20 million. SunCoke Energy had a positive return on equity of 6.37% and a negative net margin of 2.88%.The business's revenue for the quarter was up 9.5% on a year-over-year basis. During the same quarter last year, the firm posted $0.02 earnings per share. On average, analysts predict that SunCoke Energy, Inc. will post 0.32 EPS for the current fiscal year.

SunCoke Energy Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 2nd. Stockholders of record on Monday, August 17th will be issued a $0.12 dividend. The ex-dividend date is Monday, August 17th. This represents a $0.48 annualized dividend and a dividend yield of 4.9%. SunCoke Energy's payout ratio is currently -75.00%.

SunCoke Energy Profile

SunCoke Energy, Inc is a leading independent producer of metallurgical coke and related products for the steel and foundry industries. The company specializes in manufacturing both blast furnace coke and foundry coke, offering high‐quality, low‐sulfur coal products that serve as essential inputs in steelmaking and metal casting processes. In addition to coke production, SunCoke provides comprehensive engineering, maintenance and environmental solutions tailored to the needs of integrated steel mills and foundries.

The company operates a network of coke production facilities across the United States, including plants in Indiana, Ohio, West Virginia and Louisiana.

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