Connor Clark & Lunn Investment Management Ltd. Sells 61,467 Shares of SunCoke Energy, Inc. $SXC

Key Points

• Connor Clark & Lunn Investment Management Ltd. reduced its stake in SunCoke Energy by 21.2% in Q1, holding 227,825 shares valued at approximately $2.1 million.
• The company reported $0.02 earnings per share for the last quarter, missing the consensus estimate of $0.15, with revenue of $434.1 million.
• SunCoke Energy announced a quarterly dividend of $0.12 per share, which results in a yield of 6.1%, to be paid on September 2nd.

Connor Clark & Lunn Investment Management Ltd. reduced its stake in shares of SunCoke Energy, Inc. (NYSE:SXC - Free Report) by 21.2% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 227,825 shares of the energy company's stock after selling 61,467 shares during the period. Connor Clark & Lunn Investment Management Ltd. owned 0.27% of SunCoke Energy worth $2,096,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in the stock. Vanguard Group Inc. lifted its position in shares of SunCoke Energy by 2.5% during the 1st quarter. Vanguard Group Inc. now owns 7,169,240 shares of the energy company's stock valued at $65,957,000 after buying an additional 176,220 shares in the last quarter. LSV Asset Management lifted its holdings in SunCoke Energy by 35.1% in the 1st quarter. LSV Asset Management now owns 2,994,312 shares of the energy company's stock worth $27,548,000 after purchasing an additional 777,807 shares in the last quarter. Bridgeway Capital Management LLC lifted its holdings in SunCoke Energy by 1.6% in the 4th quarter. Bridgeway Capital Management LLC now owns 1,513,768 shares of the energy company's stock worth $16,197,000 after purchasing an additional 23,633 shares in the last quarter. D. E. Shaw & Co. Inc. lifted its holdings in SunCoke Energy by 73.2% in the 4th quarter. D. E. Shaw & Co. Inc. now owns 1,465,691 shares of the energy company's stock worth $15,683,000 after purchasing an additional 619,532 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its holdings in SunCoke Energy by 11.0% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 1,154,699 shares of the energy company's stock worth $10,623,000 after purchasing an additional 114,609 shares in the last quarter. 90.45% of the stock is owned by hedge funds and other institutional investors.

SunCoke Energy Price Performance

NYSE SXC traded up $0.0350 during trading hours on Tuesday, reaching $7.5950. The company's stock had a trading volume of 198,016 shares, compared to its average volume of 966,468. The firm's 50-day moving average price is $8.17 and its 200-day moving average price is $8.74. 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, Inc. has a 1 year low of $7.18 and a 1 year high of $12.82. The company has a market capitalization of $643.04 million, a price-to-earnings ratio of 8.83 and a beta of 1.10.

SunCoke Energy (NYSE:SXC - Get Free Report) last posted its quarterly earnings results on Wednesday, July 30th. The energy company reported $0.02 EPS for the quarter, missing analysts' consensus estimates of $0.15 by ($0.13). SunCoke Energy had a return on equity of 10.43% and a net margin of 3.99%.The business had revenue of $434.10 million during the quarter, compared to analysts' expectations of $348.05 million. During the same period in the prior year, the firm posted $0.25 earnings per share. The firm'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 fiscal year.

SunCoke Energy Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 2nd. Investors of record on Friday, August 15th will be issued a $0.12 dividend. The ex-dividend date of this dividend is Friday, August 15th. This represents a $0.48 dividend on an annualized basis and a yield of 6.3%. SunCoke Energy's payout ratio is currently 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.