American Century Companies Inc. Boosts Stake in SunCoke Energy, Inc. $SXC

Key Points

• American Century Companies Inc. has increased its holdings in SunCoke Energy, Inc. by 10.0%, now owning 3,390,806 shares worth approximately $31.2 million.
• SunCoke Energy reported $0.02 EPS, missing the consensus estimate of $0.15, while generating revenue of $434.10 million for the quarter.
• The company declared a quarterly dividend of $0.12 per share, with a yield of 6.4%, set to be paid on September 2nd.

American Century Companies Inc. lifted its stake in shares of SunCoke Energy, Inc. (NYSE:SXC - Free Report) by 10.0% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,390,806 shares of the energy company's stock after purchasing an additional 308,115 shares during the quarter. American Century Companies Inc. owned about 4.01% of SunCoke Energy worth $31,195,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Vanguard Group Inc. boosted its position in shares of SunCoke Energy by 2.5% during the 1st quarter. Vanguard Group Inc. now owns 7,169,240 shares of the energy company's stock worth $65,957,000 after purchasing an additional 176,220 shares in the last quarter. LSV Asset Management boosted its position in shares of SunCoke Energy by 35.1% during the 1st quarter. LSV Asset Management now owns 2,994,312 shares of the energy company's stock worth $27,548,000 after purchasing an additional 777,807 shares in the last quarter. Bridgeway Capital Management LLC raised its holdings in shares of SunCoke Energy by 1.6% in the 4th quarter. Bridgeway Capital Management LLC now owns 1,513,768 shares of the energy company's stock worth $16,197,000 after acquiring an additional 23,633 shares during the last quarter. D. E. Shaw & Co. Inc. raised its holdings in shares of SunCoke Energy by 73.2% in the 4th quarter. D. E. Shaw & Co. Inc. now owns 1,465,691 shares of the energy company's stock worth $15,683,000 after acquiring an additional 619,532 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. raised its holdings in shares of SunCoke Energy by 11.0% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 1,154,699 shares of the energy company's stock worth $10,623,000 after acquiring an additional 114,609 shares during the last quarter. Institutional investors own 90.45% of the company's stock.

SunCoke Energy Stock Up 1.3%

Shares of SXC traded up $0.10 on Wednesday, reaching $7.50. The company's stock had a trading volume of 668,781 shares, compared to its average volume of 1,247,904. The company has a current ratio of 2.61, a quick ratio of 1.45 and a debt-to-equity ratio of 0.70. SunCoke Energy, Inc. has a twelve month low of $7.18 and a twelve month high of $12.82. The stock has a market capitalization of $634.60 million, a PE ratio of 8.72 and a beta of 1.10. The firm has a fifty day moving average of $8.06 and a 200-day moving average of $8.65.

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 business had revenue of $434.10 million during the quarter, compared to analyst estimates of $348.05 million. During the same quarter in the prior year, the company earned $0.25 EPS. The company's revenue was down 7.8% on a year-over-year basis. Equities analysts predict that SunCoke Energy, Inc. will post 0.71 EPS for the current year.

SunCoke Energy Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 2nd. Investors of record on Friday, August 15th will be issued a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a dividend yield of 6.4%. The ex-dividend date is Friday, August 15th. SunCoke Energy's dividend payout ratio 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.