Algert Global LLC Purchases 75,010 Shares of SunCoke Energy, Inc. $SXC

Key Points

• Algert Global LLC increased its stake in SunCoke Energy, Inc. by 32.4% during the first quarter, owning approximately 306,464 shares valued at about $2.8 million.
• SunCoke Energy reported earnings of $0.02 per share, missing estimates of $0.15, while achieving a revenue of $434.1 million for the quarter despite a 7.8% decline year-over-year.
• The company declared a quarterly dividend of $0.12, presenting an annualized yield of 6.4%, with a dividend payout ratio of 55.81%.

Algert Global LLC lifted its position in SunCoke Energy, Inc. (NYSE:SXC - Free Report) by 32.4% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 306,464 shares of the energy company's stock after purchasing an additional 75,010 shares during the quarter. Algert Global LLC owned about 0.36% of SunCoke Energy worth $2,819,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the company. Cresset Asset Management LLC bought a new position in shares of SunCoke Energy in the first quarter worth $93,000. Gator Capital Management LLC increased its stake in SunCoke Energy by 40.7% in the first quarter. Gator Capital Management LLC now owns 69,177 shares of the energy company's stock valued at $636,000 after acquiring an additional 20,000 shares during the last quarter. American Century Companies Inc. increased its stake in SunCoke Energy by 10.0% in the first quarter. American Century Companies Inc. now owns 3,390,806 shares of the energy company's stock valued at $31,195,000 after acquiring an additional 308,115 shares during the last quarter. Brandywine Global Investment Management LLC increased its stake in SunCoke Energy by 54.8% in the first quarter. Brandywine Global Investment Management LLC now owns 306,961 shares of the energy company's stock valued at $2,824,000 after acquiring an additional 108,700 shares during the last quarter. Finally, Fox Run Management L.L.C. increased its stake in SunCoke Energy by 6.3% in the first quarter. Fox Run Management L.L.C. now owns 54,872 shares of the energy company's stock valued at $505,000 after acquiring an additional 3,230 shares during the last quarter. Institutional investors own 90.45% of the company's stock.

SunCoke Energy Price Performance

SXC traded up $0.1180 during trading on Friday, reaching $7.5680. The stock had a trading volume of 1,390,615 shares, compared to its average volume of 1,226,820. The stock has a market cap of $640.78 million, a PE ratio of 8.80 and a beta of 1.10. The company has a debt-to-equity ratio of 0.70, a quick ratio of 1.45 and a current ratio of 2.61. SunCoke Energy, Inc. has a one year low of $7.18 and a one year high of $12.82. The business has a 50-day moving average of $8.11 and a 200-day moving average of $8.69.

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

SunCoke Energy Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 2nd. Shareholders of record on Friday, August 15th will be given a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a yield of 6.3%. The ex-dividend date of this dividend is Friday, August 15th. SunCoke Energy's payout ratio is presently 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.