Arrowstreet Capital Limited Partnership Has $950,000 Holdings in SunCoke Energy, Inc. $SXC

Key Points

• Arrowstreet Capital cut its SunCoke Energy stake by 44.3% in the first quarter, selling 116,102 shares and retaining 145,987 shares valued at approximately $950,000. Institutional investors collectively own 90.45% of SXC.
• SunCoke Energy reported quarterly EPS of $0.15, beating estimates of $0.08, while revenue rose 9.5% year over year to $475.3 million. The company expects full-year EPS of $0.32.
• The company declared a quarterly dividend of $0.12 per share, representing a 5.0% annualized yield. Analysts maintain a “Reduce” consensus rating with a $9.00 price target, below the stock’s $9.60 opening price.

Arrowstreet Capital Limited Partnership trimmed its holdings in SunCoke Energy, Inc. (NYSE:SXC - Free Report) by 44.3% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 145,987 shares of the energy company's stock after selling 116,102 shares during the quarter. Arrowstreet Capital Limited Partnership owned 0.17% of SunCoke Energy worth $950,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of SXC. Royal Bank of Canada grew its holdings in shares of SunCoke Energy by 13.8% during the 1st quarter. Royal Bank of Canada now owns 35,957 shares of the energy company's stock worth $330,000 after purchasing an additional 4,358 shares in the last quarter. AQR Capital Management LLC boosted its stake in SunCoke Energy by 86.3% during the first quarter. AQR Capital Management LLC now owns 366,537 shares of the energy company's stock worth $3,372,000 after buying an additional 169,813 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in SunCoke Energy by 4.3% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 49,744 shares of the energy company's stock valued at $458,000 after buying an additional 2,064 shares during the period. Dynamic Technology Lab Private Ltd increased its holdings in SunCoke Energy by 70.7% in the 1st quarter. Dynamic Technology Lab Private Ltd now owns 27,962 shares of the energy company's stock valued at $257,000 after buying an additional 11,580 shares during the period. Finally, Hsbc Holdings PLC raised its stake in shares of SunCoke Energy by 126.3% in the 2nd quarter. Hsbc Holdings PLC now owns 49,633 shares of the energy company's stock valued at $424,000 after buying an additional 27,696 shares in the last quarter. Institutional investors and hedge funds own 90.45% of the company's stock.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings raised shares of SunCoke Energy from a "sell (d)" rating to a "sell (d+)" rating in a research note 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 company. According to data from MarketBeat.com, SunCoke Energy currently has a consensus rating of "Reduce" and a consensus price target of $9.00.

SunCoke Energy Stock Down 0.3%

SXC opened at $9.60 on Friday. The firm has a market cap of $814.42 million, a price-to-earnings ratio of -14.99 and a beta of 0.98. The company has a debt-to-equity ratio of 1.07, a quick ratio of 1.37 and a current ratio of 2.25. The firm's 50-day simple moving average is $8.70 and its 200-day simple moving average is $7.61. SunCoke Energy, Inc. has a twelve month low of $5.51 and a twelve month high of $9.92.

SunCoke Energy (NYSE:SXC - Get Free Report) last announced its quarterly earnings results on Thursday, July 30th. The energy company reported $0.15 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.08 by $0.07. The firm had revenue of $475.30 million during the quarter, compared to the consensus estimate of $445.20 million. SunCoke Energy had a negative net margin of 2.88% and a positive return on equity of 6.37%. The firm's quarterly revenue was up 9.5% on a year-over-year basis. During the same period last year, the firm posted $0.02 EPS. Equities research analysts anticipate that SunCoke Energy, Inc. will post 0.32 EPS for the current fiscal year.

SunCoke Energy Announces Dividend

The company 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. The ex-dividend date of this dividend is Monday, August 17th. This represents a $0.48 annualized dividend and a dividend yield of 5.0%. SunCoke Energy's dividend payout ratio (DPR) is presently -75.00%.

About SunCoke Energy

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.

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