Algert Global LLC Buys 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 boosted its holdings in SunCoke Energy, Inc. (NYSE:SXC - Free Report) by 32.4% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 306,464 shares of the energy company's stock after buying an additional 75,010 shares during the quarter. Algert Global LLC owned approximately 0.36% of SunCoke Energy worth $2,819,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in SXC. Versant Capital Management Inc raised its holdings in SunCoke Energy by 61.6% during the 1st quarter. Versant Capital Management Inc now owns 4,416 shares of the energy company's stock worth $41,000 after purchasing an additional 1,683 shares during the last quarter. CWM LLC raised its holdings in SunCoke Energy by 159.9% during the 1st quarter. CWM LLC now owns 5,522 shares of the energy company's stock worth $51,000 after purchasing an additional 3,397 shares during the last quarter. Virtus Fund Advisers LLC bought a new position in SunCoke Energy during the 4th quarter worth approximately $57,000. Cresset Asset Management LLC bought a new position in SunCoke Energy during the 1st quarter worth approximately $93,000. Finally, Aigen Investment Management LP bought a new position in SunCoke Energy during the 1st quarter worth approximately $98,000. Institutional investors own 90.45% of the company's stock.

SunCoke Energy Trading Down 1.0%

SunCoke Energy stock traded down $0.08 during mid-day trading on Tuesday, hitting $7.40. 960,237 shares of the stock were exchanged, compared to its average volume of 1,266,751. The company has a quick ratio of 1.45, a current ratio of 2.61 and a debt-to-equity ratio of 0.70. SunCoke Energy, Inc. has a 12 month low of $7.18 and a 12 month high of $12.82. The firm's fifty day simple moving average is $8.08 and its two-hundred day simple moving average is $8.66. The stock has a market capitalization of $626.13 million, a price-to-earnings ratio of 8.60 and a beta of 1.10.

SunCoke Energy (NYSE:SXC - Get Free Report) last released its quarterly earnings results on Wednesday, July 30th. The energy company reported $0.02 earnings per share (EPS) for the quarter, missing the consensus estimate 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 the consensus estimate of $348.05 million. During the same quarter in the previous year, the business posted $0.25 EPS. The firm's revenue for the quarter was down 7.8% compared to the same quarter last year. Analysts forecast that SunCoke Energy, Inc. will post 0.71 EPS for the current year.

SunCoke Energy Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 2nd. Stockholders of record on Friday, August 15th will be paid a $0.12 dividend. The ex-dividend date is Friday, August 15th. This represents a $0.48 annualized dividend and a dividend yield of 6.5%. SunCoke Energy's payout ratio is currently 55.81%.

SunCoke Energy Company Profile

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.