New Age Alpha Advisors LLC Buys New Stake in SunCoke Energy, Inc. (NYSE:SXC)

Key Points

• New Age Alpha Advisors LLC has invested approximately $2.01 million in SunCoke Energy, purchasing 218,466 shares, which represents about 0.26% of the company.
• SunCoke Energy reported earnings per share (EPS) of $0.02 for the last quarter, missing the consensus estimate of $0.15 and down from $0.25 EPS in the same period last year.
• The company recently announced a quarterly dividend of $0.12 per share, reflecting an annualized yield of 6.6%.

New Age Alpha Advisors LLC purchased a new stake in SunCoke Energy, Inc. (NYSE:SXC - Free Report) in the 1st quarter, according to its most recent filing with the SEC. The institutional investor purchased 218,466 shares of the energy company's stock, valued at approximately $2,010,000. New Age Alpha Advisors LLC owned approximately 0.26% of SunCoke Energy at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in SXC. Versant Capital Management Inc grew its stake in shares of SunCoke Energy by 61.6% during the first quarter. Versant Capital Management Inc now owns 4,416 shares of the energy company's stock valued at $41,000 after acquiring an additional 1,683 shares in the last quarter. Virtus Fund Advisers LLC bought a new position in shares of SunCoke Energy during the fourth quarter worth about $57,000. CWM LLC lifted its holdings in SunCoke Energy by 159.9% in the first quarter. CWM LLC now owns 5,522 shares of the energy company's stock worth $51,000 after acquiring an additional 3,397 shares during the last quarter. Wealth Enhancement Advisory Services LLC bought a new position in SunCoke Energy in the first quarter worth about $106,000. Finally, Quarry LP bought a new position in SunCoke Energy in the fourth quarter worth about $125,000. 90.45% of the stock is currently owned by institutional investors and hedge funds.

SunCoke Energy Stock Performance

Shares of SXC traded down $0.16 during mid-day trading on Monday, reaching $7.34. 121,890 shares of the company's stock traded hands, compared to its average volume of 944,032. The business's 50-day moving average price is $8.22 and its 200-day moving average price is $8.82. The stock has a market capitalization of $621.05 million, a P/E ratio of 8.53 and a beta of 1.10. The company has a debt-to-equity ratio of 0.70, a quick ratio of 1.45 and a current ratio of 2.61. SunCoke Energy, Inc. has a 12 month low of $7.18 and a 12 month high of $12.82.

SunCoke Energy (NYSE:SXC - Get Free Report) last released its quarterly earnings results on Wednesday, July 30th. The energy company reported $0.02 earnings per share 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 business had revenue of $434.10 million for the quarter, compared to the consensus estimate of $348.05 million. During the same period last year, the firm posted $0.25 EPS. The business's quarterly revenue was down 7.8% on a year-over-year basis. Equities analysts predict that SunCoke Energy, Inc. will post 0.71 earnings per share for the current year.

SunCoke Energy Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 2nd. Stockholders of record on Friday, August 15th will be issued a $0.12 dividend. The ex-dividend date is Friday, August 15th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 6.5%. SunCoke Energy's dividend payout ratio is presently 55.81%.

About SunCoke Energy

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.