PDT Partners LLC Has $1.01 Million Stock Position in SunCoke Energy, Inc. $SXC

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

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Royal Bank of Canada increased its position in shares of SunCoke Energy by 13.8% in the 1st quarter. Royal Bank of Canada now owns 35,957 shares of the energy company's stock worth $330,000 after purchasing an additional 4,358 shares during the last quarter. Cubist Systematic Strategies LLC increased its position in shares of SunCoke Energy by 58.4% in the 1st quarter. Cubist Systematic Strategies LLC now owns 860,970 shares of the energy company's stock worth $7,921,000 after purchasing an additional 317,502 shares during the last quarter. Graham Capital Management L.P. bought a new stake in shares of SunCoke Energy in the 1st quarter worth about $866,000. Quarry LP increased its position in shares of SunCoke Energy by 16.5% in the 1st quarter. Quarry LP now owns 13,611 shares of the energy company's stock worth $125,000 after purchasing an additional 1,923 shares during the last quarter. Finally, Vident Advisory LLC increased its position in shares of SunCoke Energy by 24.5% in the 1st quarter. Vident Advisory LLC now owns 51,559 shares of the energy company's stock worth $474,000 after purchasing an additional 10,145 shares during the last quarter. Hedge funds and other institutional investors own 90.45% of the company's stock.

SunCoke Energy Stock Down 1.1%

Shares of SXC traded down $0.09 during midday trading on Tuesday, hitting $7.61. The company had a trading volume of 196,640 shares, compared to its average volume of 965,501. The company's 50 day moving average price is $7.99 and its 200 day moving average price is $8.53. The stock has a market cap of $643.92 million, a price-to-earnings ratio of 8.84 and a beta of 1.07. SunCoke Energy, Inc. has a 52 week low of $7.18 and a 52 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.

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 for the quarter, missing the consensus estimate of $0.15 by ($0.13). SunCoke Energy had a return on equity of 10.43% and a net margin of 3.99%.The company had revenue of $434.10 million during the quarter, compared to the consensus estimate of $348.05 million. During the same period in the previous year, the firm posted $0.25 EPS. SunCoke Energy's revenue for the quarter was down 7.8% on a year-over-year basis. On average, equities research analysts predict that SunCoke Energy, Inc. will post 0.71 EPS for the current year.

SunCoke Energy Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 2nd. Investors 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 yield of 6.3%. SunCoke Energy's dividend payout ratio is currently 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.