Exchange Traded Concepts LLC Increases Stock Position in SunCoke Energy, Inc. (NYSE:SXC)

Exchange Traded Concepts LLC boosted its stake in shares of SunCoke Energy, Inc. (NYSE:SXC - Free Report) by 586.3% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 178,859 shares of the energy company's stock after buying an additional 152,798 shares during the quarter. Exchange Traded Concepts LLC owned 0.21% of SunCoke Energy worth $1,646,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. Mitsubishi UFJ Asset Management Co. Ltd. boosted its stake in shares of SunCoke Energy by 835.6% in the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 3,630 shares of the energy company's stock valued at $38,000 after purchasing an additional 3,242 shares during the period. Versant Capital Management Inc lifted its stake in SunCoke Energy by 61.6% in the first quarter. Versant Capital Management Inc now owns 4,416 shares of the energy company's stock worth $41,000 after acquiring an additional 1,683 shares during the last quarter. Virtus Fund Advisers LLC purchased a new position in SunCoke Energy in the fourth quarter worth approximately $57,000. Wealth Enhancement Advisory Services LLC purchased a new position in SunCoke Energy in the first quarter worth approximately $106,000. Finally, Tocqueville Asset Management L.P. purchased a new position in SunCoke Energy in the fourth quarter worth approximately $118,000. Hedge funds and other institutional investors own 90.45% of the company's stock.

SunCoke Energy Stock Up 0.7%

Shares of SunCoke Energy stock opened at $8.34 on Thursday. 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, Inc. has a 52-week low of $7.47 and a 52-week high of $12.82. The company has a 50 day moving average of $8.76 and a 200 day moving average of $9.57. The company has a market capitalization of $706.32 million, a P/E ratio of 7.66 and a beta of 1.11.

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

SunCoke Energy Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, June 2nd. Shareholders of record on Friday, May 16th were given a dividend of $0.12 per share. The ex-dividend date of this dividend was Friday, May 16th. This represents a $0.48 annualized dividend and a dividend yield of 5.75%. SunCoke Energy's payout ratio is currently 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.

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