Pacer Advisors Inc. Has $6.87 Million Stock Position in SunCoke Energy, Inc. (NYSE:SXC)

Key Points

• Pacer Advisors Inc. reduced its stake in SunCoke Energy by 70.6%, selling over 1.7 million shares in the first quarter.
• SunCoke Energy reported earnings per share of $0.20, exceeding the consensus estimate of $0.17, despite a 10.7% year-over-year revenue decline.
• The company announced a quarterly dividend of $0.12 per share, reflecting a dividend yield of 5.69%.

Pacer Advisors Inc. lowered its position in shares of SunCoke Energy, Inc. (NYSE:SXC - Free Report) by 70.6% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 746,837 shares of the energy company's stock after selling 1,791,845 shares during the quarter. Pacer Advisors Inc. owned 0.88% of SunCoke Energy worth $6,871,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of the company. Cetera Investment Advisers boosted its stake in SunCoke Energy by 38.6% during the first quarter. Cetera Investment Advisers now owns 21,959 shares of the energy company's stock valued at $202,000 after buying an additional 6,120 shares in the last quarter. One Wealth Advisors LLC boosted its stake in SunCoke Energy by 59.8% during the first quarter. One Wealth Advisors LLC now owns 27,076 shares of the energy company's stock valued at $249,000 after buying an additional 10,128 shares in the last quarter. Y Intercept Hong Kong Ltd boosted its stake in SunCoke Energy by 15.3% during the first quarter. Y Intercept Hong Kong Ltd now owns 30,822 shares of the energy company's stock valued at $284,000 after buying an additional 4,092 shares in the last quarter. Jennison Associates LLC boosted its stake in SunCoke Energy by 17.5% during the first quarter. Jennison Associates LLC now owns 141,794 shares of the energy company's stock valued at $1,305,000 after buying an additional 21,073 shares in the last quarter. Finally, Victory Capital Management Inc. boosted its stake in SunCoke Energy by 79.0% during the first quarter. Victory Capital Management Inc. now owns 190,784 shares of the energy company's stock valued at $1,755,000 after buying an additional 84,178 shares in the last quarter. Institutional investors own 90.45% of the company's stock.

SunCoke Energy Price Performance

SXC stock traded down $0.11 during trading hours on Monday, hitting $8.35. 764,251 shares of the stock traded hands, compared to its average volume of 912,709. The company has a current ratio of 2.40, a quick ratio of 1.39 and a debt-to-equity ratio of 0.69. SunCoke Energy, Inc. has a one year low of $7.47 and a one year high of $12.82. The company has a market cap of $706.83 million, a P/E ratio of 7.66 and a beta of 1.11. The stock has a 50-day simple moving average of $8.40 and a 200 day simple moving average of $9.01.

SunCoke Energy (NYSE:SXC - Get Free Report) last released its quarterly earnings results on Wednesday, April 30th. The energy company reported $0.20 earnings per share for the quarter, beating analysts' consensus estimates of $0.17 by $0.03. SunCoke Energy had a return on equity of 13.40% and a net margin of 4.95%. The business had revenue of $436.00 million during the quarter, compared to analyst estimates of $371.60 million. During the same quarter last year, the company posted $0.23 EPS. SunCoke Energy's revenue for the quarter was down 10.7% on a year-over-year basis. Equities analysts forecast that SunCoke Energy, Inc. will post 0.71 earnings per share for the current year.

SunCoke Energy Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, June 2nd. Investors of record on Friday, May 16th were given a $0.12 dividend. The ex-dividend date was Friday, May 16th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 5.75%. SunCoke Energy's dividend payout ratio (DPR) is 44.04%.

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.