Connor Clark & Lunn Investment Management Ltd. lowered its position in SunCoke Energy, Inc. (NYSE:SXC - Free Report) by 21.2% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm 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 about 0.27% of SunCoke Energy worth $2,096,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other hedge funds have also recently added to or reduced their stakes in SXC. Versant Capital Management Inc lifted its position in shares of SunCoke Energy by 61.6% during the 1st 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 during the period. Virtus Fund Advisers LLC acquired a new stake in shares of SunCoke Energy during the 4th quarter valued at approximately $57,000. CWM LLC lifted its position in shares of SunCoke Energy by 159.9% during the 1st quarter. CWM LLC now owns 5,522 shares of the energy company's stock valued at $51,000 after acquiring an additional 3,397 shares during the period. Wealth Enhancement Advisory Services LLC acquired a new stake in shares of SunCoke Energy during the 1st quarter valued at approximately $106,000. Finally, Quarry LP acquired a new stake in shares of SunCoke Energy during the 4th quarter valued at approximately $125,000. Institutional investors and hedge funds own 90.45% of the company's stock.
SunCoke Energy Price Performance
Shares of SXC stock traded up $0.04 during midday trading on Monday, reaching $7.58. 936,814 shares of the company traded hands, compared to its average volume of 968,947. The firm's 50 day simple moving average is $8.19 and its two-hundred day simple moving average is $8.75. SunCoke Energy, Inc. has a 1-year low of $7.18 and a 1-year high of $12.82. The company has a debt-to-equity ratio of 0.70, a current ratio of 2.61 and a quick ratio of 1.45. The firm has a market cap of $641.38 million, a PE ratio of 8.81 and a beta of 1.10.
SunCoke Energy (NYSE:SXC - Get Free Report) last issued its quarterly earnings data on Wednesday, July 30th. The energy company reported $0.02 earnings per share (EPS) 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 for the quarter, compared to analyst estimates of $348.05 million. During the same quarter in the prior year, the firm earned $0.25 earnings per share. The company's revenue for the quarter was down 7.8% on a year-over-year basis. On average, equities research analysts expect that SunCoke Energy, Inc. will post 0.71 EPS for the current fiscal year.
SunCoke Energy Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 2nd. Investors 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 dividend yield of 6.3%. The ex-dividend date is Friday, August 15th. SunCoke Energy's payout ratio is currently 55.81%.
About SunCoke Energy
(
Free Report)
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.
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