Assenagon Asset Management S.A. reduced its holdings in SunCoke Energy, Inc. (NYSE:SXC - Free Report) by 90.1% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 16,950 shares of the energy company's stock after selling 154,372 shares during the quarter. Assenagon Asset Management S.A.'s holdings in SunCoke Energy were worth $156,000 at the end of the most recent reporting period.
Other hedge funds also recently modified their holdings of the company. Vanguard Group Inc. increased its holdings in SunCoke Energy by 0.3% during the 4th quarter. Vanguard Group Inc. now owns 6,993,020 shares of the energy company's stock worth $74,825,000 after purchasing an additional 19,644 shares in the last quarter. American Century Companies Inc. lifted its stake in SunCoke Energy by 11.0% in the 4th quarter. American Century Companies Inc. now owns 3,082,691 shares of the energy company's stock valued at $32,985,000 after acquiring an additional 306,356 shares in the last quarter. LSV Asset Management boosted its position in SunCoke Energy by 9.8% during the 4th quarter. LSV Asset Management now owns 2,216,505 shares of the energy company's stock worth $23,717,000 after acquiring an additional 196,939 shares during the last quarter. Bridgeway Capital Management LLC grew its stake in shares of SunCoke Energy by 1.6% during 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 in the last quarter. Finally, D. E. Shaw & Co. Inc. raised its holdings in shares of SunCoke Energy by 73.2% in the fourth quarter. D. E. Shaw & Co. Inc. now owns 1,465,691 shares of the energy company's stock valued at $15,683,000 after purchasing an additional 619,532 shares during the last quarter. Institutional investors and hedge funds own 90.45% of the company's stock.
SunCoke Energy Stock Down 1.2%
SXC traded down $0.10 during trading hours on Tuesday, hitting $7.99. 1,173,169 shares of the company's stock were exchanged, compared to its average volume of 946,178. The stock has a market cap of $675.93 million, a price-to-earnings ratio of 7.33 and a beta of 1.11. SunCoke Energy, Inc. has a 1-year low of $7.47 and a 1-year high of $12.82. The stock's 50-day moving average is $8.71 and its two-hundred day moving average is $9.44. The company has a quick ratio of 1.39, a current ratio of 2.40 and a debt-to-equity ratio of 0.69.
SunCoke Energy (NYSE:SXC - Get Free Report) last issued its quarterly earnings results on Wednesday, April 30th. The energy company reported $0.20 EPS for the quarter, beating the consensus estimate of $0.17 by $0.03. The firm had revenue of $436.00 million during the quarter, compared to analysts' expectations of $371.60 million. SunCoke Energy had a return on equity of 13.40% and a net margin of 4.95%. The business's quarterly revenue was down 10.7% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.23 earnings per share. Sell-side analysts predict that SunCoke Energy, Inc. will post 0.71 earnings per share for the current fiscal year.
SunCoke Energy Dividend Announcement
The company also recently disclosed a quarterly dividend, which was paid on Monday, June 2nd. Stockholders of record on Friday, May 16th were given a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a dividend yield of 6.01%. The ex-dividend date of this dividend was Friday, May 16th. SunCoke Energy's dividend payout ratio (DPR) is presently 44.04%.
About SunCoke Energy
(
Free Report)
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.
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