Assenagon Asset Management S.A. Reduces Position in SunCoke Energy, Inc. (NYSE:SXC)

Assenagon Asset Management S.A. reduced its stake in SunCoke Energy, Inc. (NYSE:SXC - Free Report) by 90.1% during the 1st quarter, according to the company in its most recent filing with the SEC. The fund 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.

Several other large investors have also recently made changes to their positions in the stock. Mitsubishi UFJ Asset Management Co. Ltd. increased its stake in SunCoke Energy by 835.6% during the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 3,630 shares of the energy company's stock worth $38,000 after buying an additional 3,242 shares during the period. Versant Capital Management Inc increased its stake 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 buying an additional 1,683 shares during the period. Virtus Fund Advisers LLC purchased a new stake in SunCoke Energy during the 4th quarter worth approximately $57,000. Tocqueville Asset Management L.P. purchased a new stake in SunCoke Energy during the 4th quarter worth approximately $118,000. Finally, Navellier & Associates Inc. increased its stake in SunCoke Energy by 11.3% during the 4th quarter. Navellier & Associates Inc. now owns 11,323 shares of the energy company's stock worth $121,000 after buying an additional 1,152 shares during the period. 90.45% of the stock is currently owned by institutional investors and hedge funds.

SunCoke Energy Stock Down 4.3%

SXC traded down $0.36 during trading hours on Friday, hitting $8.00. 3,330,093 shares of the company's stock were exchanged, compared to its average volume of 942,801. SunCoke Energy, Inc. has a 12-month low of $7.47 and a 12-month high of $12.82. The firm has a 50 day moving average of $8.73 and a 200 day moving average of $9.49. The firm has a market cap of $677.37 million, a P/E ratio of 7.34 and a beta of 1.11. The company has a current ratio of 2.40, a quick ratio of 1.39 and a debt-to-equity ratio of 0.69.

SunCoke Energy (NYSE:SXC - Get Free Report) last announced its earnings results on Wednesday, April 30th. The energy company reported $0.20 earnings per share for the quarter, topping the consensus estimate of $0.17 by $0.03. SunCoke Energy had a net margin of 4.95% and a return on equity of 13.40%. The firm had revenue of $436.00 million for the quarter, compared to the consensus estimate of $371.60 million. During the same period in the prior year, the firm earned $0.23 EPS. The firm's revenue for the quarter was down 10.7% on a year-over-year basis. Analysts predict that SunCoke Energy, Inc. will post 0.71 EPS for the current fiscal year.

SunCoke Energy Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 2nd. Shareholders 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 6.00%. The ex-dividend date was Friday, May 16th. SunCoke Energy's dividend payout ratio is presently 44.04%.

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.