LSV Asset Management Acquires 777,807 Shares of SunCoke Energy, Inc. (NYSE:SXC)

Key Points

• LSV Asset Management increased its stake in SunCoke Energy, Inc. by 35.1%, buying 777,807 shares to own a total of 2,994,312 shares, valued at approximately $27.5 million.
• SunCoke Energy reported a net income down 7.8% year-over-year, missing earnings estimates with an EPS of $0.02 compared to the predicted $0.15.
• The company announced a quarterly dividend of $0.12 per share, resulting in an annualized yield of 6.6% and a payout ratio of 55.81%.

LSV Asset Management raised its holdings in shares of SunCoke Energy, Inc. (NYSE:SXC - Free Report) by 35.1% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,994,312 shares of the energy company's stock after acquiring an additional 777,807 shares during the quarter. LSV Asset Management owned approximately 3.54% of SunCoke Energy worth $27,548,000 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of the business. Mackenzie Financial Corp raised its stake in SunCoke Energy by 54.4% in the first quarter. Mackenzie Financial Corp now owns 84,321 shares of the energy company's stock valued at $776,000 after buying an additional 29,696 shares in the last quarter. Kapitalo Investimentos Ltda bought a new position in shares of SunCoke Energy during the 1st quarter worth about $263,000. Cetera Investment Advisers increased its stake in shares of SunCoke Energy by 38.6% in the 1st quarter. Cetera Investment Advisers now owns 21,959 shares of the energy company's stock valued at $202,000 after buying an additional 6,120 shares during the period. One Wealth Advisors LLC lifted its holdings in SunCoke Energy by 59.8% during the 1st quarter. One Wealth Advisors LLC now owns 27,076 shares of the energy company's stock valued at $249,000 after purchasing an additional 10,128 shares during the last quarter. Finally, Y Intercept Hong Kong Ltd lifted its position in shares of SunCoke Energy by 15.3% in the 1st quarter. Y Intercept Hong Kong Ltd now owns 30,822 shares of the energy company's stock worth $284,000 after purchasing an additional 4,092 shares during the period. Institutional investors own 90.45% of the company's stock.

SunCoke Energy Stock Performance

SXC traded up $0.13 during trading on Thursday, hitting $7.40. 392,163 shares of the company traded hands, compared to its average volume of 947,622. The stock's fifty day moving average is $8.25 and its 200 day moving average is $8.88. The company has a quick ratio of 1.45, a current ratio of 2.61 and a debt-to-equity ratio of 0.70. The firm has a market cap of $626.11 million, a P/E ratio of 8.59 and a beta of 1.10. SunCoke Energy, Inc. has a one year low of $7.18 and a one year high of $12.82.

SunCoke Energy (NYSE:SXC - Get Free Report) last released its earnings results on Wednesday, July 30th. The energy company reported $0.02 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.15 by ($0.13). SunCoke Energy had a net margin of 3.99% and a return on equity of 10.43%. The company had revenue of $434.10 million during the quarter, compared to analyst estimates of $348.05 million. During the same period in the previous year, the firm posted $0.25 EPS. The company's revenue for the quarter was down 7.8% on a year-over-year basis. As a group, equities analysts predict that SunCoke Energy, Inc. will post 0.71 EPS for the current fiscal year.

SunCoke Energy Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 2nd. Shareholders of record on Friday, August 15th will be given a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a yield of 6.5%. The ex-dividend date of this dividend is Friday, August 15th. SunCoke Energy's dividend payout ratio is 55.81%.

SunCoke Energy 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.