Algert Global LLC cut its stake in shares of SunCoke Energy, Inc. (NYSE:SXC - Free Report) by 28.8% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 401,040 shares of the energy company's stock after selling 162,120 shares during the period. Algert Global LLC owned 0.47% of SunCoke Energy worth $3,228,000 at the end of the most recent quarter.
A number of other institutional investors also recently made changes to their positions in SXC. EverSource Wealth Advisors LLC lifted its holdings in shares of SunCoke Energy by 544.8% during the second quarter. EverSource Wealth Advisors LLC now owns 2,992 shares of the energy company's stock worth $26,000 after buying an additional 2,528 shares in the last quarter. Farther Finance Advisors LLC grew its stake in shares of SunCoke Energy by 69.4% in the fourth quarter. Farther Finance Advisors LLC now owns 3,831 shares of the energy company's stock valued at $28,000 after acquiring an additional 1,569 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. acquired a new position in shares of SunCoke Energy in the second quarter valued at about $29,000. Tower Research Capital LLC TRC increased its position in SunCoke Energy by 176.2% during the second quarter. Tower Research Capital LLC TRC now owns 5,615 shares of the energy company's stock worth $48,000 after acquiring an additional 3,582 shares during the period. Finally, Allworth Financial LP bought a new position in SunCoke Energy during the second quarter worth about $49,000. Institutional investors own 90.45% of the company's stock.
SunCoke Energy Trading Down 0.9%
SXC opened at $10.19 on Friday. The company has a fifty day moving average price of $8.83 and a two-hundred day moving average price of $7.79. SunCoke Energy, Inc. has a 1-year low of $5.51 and a 1-year high of $10.40. The company has a market cap of $864.93 million, a P/E ratio of -15.92 and a beta of 0.98. 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 released its quarterly earnings data on Thursday, July 30th. The energy company reported $0.15 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.08 by $0.07. SunCoke Energy had a negative net margin of 2.88% and a positive return on equity of 6.37%. The company had revenue of $475.30 million for the quarter, compared to analysts' expectations of $445.20 million. During the same quarter in the prior year, the firm earned $0.02 EPS. The business's revenue was up 9.5% on a year-over-year basis. Analysts predict that SunCoke Energy, Inc. will post 0.32 EPS for the current fiscal year.
SunCoke Energy Announces Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 2nd. Stockholders of record on Monday, August 17th will be issued a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a dividend yield of 4.7%. The ex-dividend date is Monday, August 17th. SunCoke Energy's dividend payout ratio (DPR) is currently -75.00%.
Analyst Ratings Changes
A number of research firms have issued reports on SXC. Wall Street Zen raised shares of SunCoke Energy from a "hold" rating to a "buy" rating in a report on Saturday, August 8th. Weiss Ratings raised shares of SunCoke Energy from a "sell (d)" rating to a "sell (d+)" rating in a report on Thursday, June 11th. One equities research analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, SunCoke Energy presently has an average rating of "Reduce" and an average price target of $9.00.
View Our Latest Research Report on SunCoke Energy
SunCoke Energy Profile
(
Free Report)
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.
See Also
Want to see what other hedge funds are holding SXC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for SunCoke Energy, Inc. (NYSE:SXC - Free Report).
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