Jump Financial LLC Purchases New Stake in SunCoke Energy, Inc. $SXC

Key Points

• Jump Financial LLC purchased 136,571 shares of SunCoke Energy, Inc. for approximately $1.26 million, representing about 0.16% of the company's total shares as of the latest SEC filing.
• The company reported a disappointed earnings per share (EPS) of $0.02, missing analyst expectations, while its revenue for the quarter was $434.10 million, exceeding estimates.
• SunCoke Energy announced a quarterly dividend of $0.12 per share, yielding 6.3%, with the payout ratio at 55.81% and the ex-dividend date set for August 15.

Jump Financial LLC purchased a new stake in shares of SunCoke Energy, Inc. (NYSE:SXC - Free Report) in the 1st quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 136,571 shares of the energy company's stock, valued at approximately $1,256,000. Jump Financial LLC owned about 0.16% of SunCoke Energy at the end of the most recent reporting period.

Several other hedge funds have also added to or reduced their stakes in the business. Vanguard Group Inc. lifted its holdings in SunCoke Energy by 2.5% during the 1st quarter. Vanguard Group Inc. now owns 7,169,240 shares of the energy company's stock valued at $65,957,000 after purchasing an additional 176,220 shares during the last quarter. American Century Companies Inc. lifted its holdings in SunCoke Energy by 10.0% during the 1st quarter. American Century Companies Inc. now owns 3,390,806 shares of the energy company's stock valued at $31,195,000 after purchasing an additional 308,115 shares during the last quarter. LSV Asset Management lifted its holdings in SunCoke Energy by 35.1% during the 1st quarter. LSV Asset Management now owns 2,994,312 shares of the energy company's stock valued at $27,548,000 after purchasing an additional 777,807 shares during the last quarter. Bridgeway Capital Management LLC lifted its holdings in SunCoke Energy by 1.6% during the 4th quarter. Bridgeway Capital Management LLC now owns 1,513,768 shares of the energy company's stock valued at $16,197,000 after purchasing an additional 23,633 shares during the last quarter. Finally, D. E. Shaw & Co. Inc. lifted its holdings in SunCoke Energy by 73.2% during the 4th quarter. D. E. Shaw & Co. Inc. now owns 1,465,691 shares of the energy company's stock valued at $15,683,000 after purchasing an additional 619,532 shares during the last quarter. Institutional investors and hedge funds own 90.45% of the company's stock.

SunCoke Energy Stock Performance

SunCoke Energy stock traded down $0.09 during mid-day trading on Wednesday, hitting $7.53. 102,216 shares of the company's stock traded hands, compared to its average volume of 967,830. SunCoke Energy, Inc. has a fifty-two week low of $7.18 and a fifty-two week high of $12.82. The company has a debt-to-equity ratio of 0.70, a current ratio of 2.61 and a quick ratio of 1.45. The stock has a market cap of $637.14 million, a price-to-earnings ratio of 8.75 and a beta of 1.07. The firm has a 50 day simple moving average of $8.03 and a two-hundred day simple moving average of $8.58.

SunCoke Energy (NYSE:SXC - Get Free Report) last posted its earnings results on Wednesday, July 30th. The energy company reported $0.02 earnings per share for the quarter, missing analysts' consensus estimates of $0.15 by ($0.13). SunCoke Energy had a return on equity of 10.43% and a net margin of 3.99%.The firm had revenue of $434.10 million for the quarter, compared to analyst estimates of $348.05 million. During the same period in the prior year, the business posted $0.25 EPS. The firm's quarterly revenue was down 7.8% compared to the same quarter last year. On average, research analysts expect that SunCoke Energy, Inc. will post 0.71 EPS for the current fiscal year.

SunCoke Energy Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 2nd. Stockholders of record on Friday, August 15th were issued a dividend of $0.12 per share. The ex-dividend date of this dividend was Friday, August 15th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 6.4%. SunCoke Energy's dividend payout ratio (DPR) is currently 55.81%.

About SunCoke Energy

SunCoke Energy, Inc operates as an independent producer of coke in the Americas and Brazil. The company operates through three segments: Domestic Coke, Brazil Coke, and Logistics. It offers metallurgical and thermal coal. The company also provides handling and/or mixing services to steel, coke, electric utility, coal producing, and other manufacturing based customers.