SunCoke Energy, Inc. $SXC Shares Sold by PDT Partners LLC

Key Points

• PDT Partners LLC has reduced its stake in SunCoke Energy, Inc. by 46.9%, owning 109,987 shares valued at approximately $1.01 million after selling 96,972 shares in the first quarter.
• SunCoke Energy reported a net revenue of $434.10 million for the last quarter, missing earnings estimates with an EPS of $0.02 compared to the expected $0.15.
• The company recently paid a quarterly dividend of $0.12 per share, representing an annualized dividend of $0.48 and a yield of 6.4%.

PDT Partners LLC decreased its holdings in shares of SunCoke Energy, Inc. (NYSE:SXC - Free Report) by 46.9% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 109,987 shares of the energy company's stock after selling 96,972 shares during the quarter. PDT Partners LLC owned about 0.13% of SunCoke Energy worth $1,012,000 at the end of the most recent quarter.

A number of other large investors have also bought and sold shares of SXC. Versant Capital Management Inc grew its position in shares of SunCoke Energy by 61.6% in 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 last quarter. CWM LLC raised its position in shares of SunCoke Energy by 159.9% in the 1st quarter. CWM LLC now owns 5,522 shares of the energy company's stock worth $51,000 after acquiring an additional 3,397 shares in the last quarter. Virtus Fund Advisers LLC acquired a new position in shares of SunCoke Energy in the 4th quarter valued at about $57,000. Cresset Asset Management LLC acquired a new stake in shares of SunCoke Energy in the first quarter valued at approximately $93,000. Finally, Aigen Investment Management LP acquired a new stake in shares of SunCoke Energy in the first quarter valued at $98,000. 90.45% of the stock is owned by institutional investors.

SunCoke Energy Price Performance

Shares of SXC traded down $0.19 during trading hours on Monday, reaching $7.70. 712,420 shares of the company traded hands, compared to its average volume of 968,636. The stock has a market capitalization of $651.54 million, a PE ratio of 8.95 and a beta of 1.07. SunCoke Energy, Inc. has a fifty-two week low of $7.18 and a fifty-two week high of $12.82. 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 stock has a fifty day simple moving average of $8.01 and a 200 day simple moving average of $8.54.

SunCoke Energy (NYSE:SXC - Get Free Report) last posted 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 firm had revenue of $434.10 million during the quarter, compared to analyst estimates of $348.05 million. During the same quarter in the previous year, the business posted $0.25 earnings per share. The business's quarterly revenue was down 7.8% compared to the same quarter last year. As a group, research analysts predict that SunCoke Energy, Inc. will post 0.71 EPS for the current fiscal year.

SunCoke Energy Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 2nd. Shareholders of record on Friday, August 15th were paid a dividend of $0.12 per share. The ex-dividend date of this dividend was Friday, August 15th. This represents a $0.48 annualized dividend and a dividend yield of 6.2%. SunCoke Energy's dividend payout ratio (DPR) is 55.81%.

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.