Pacer Advisors Inc. Sells 1,791,845 Shares of 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. cut its position in shares of SunCoke Energy, Inc. (NYSE:SXC - Free Report) by 70.6% in the first quarter, according to the company in its most recent filing 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 period. Pacer Advisors Inc. owned about 0.88% of SunCoke Energy worth $6,871,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently bought and sold shares of the business. Walleye Capital LLC lifted its stake in SunCoke Energy by 8.4% in the 4th quarter. Walleye Capital LLC now owns 17,268 shares of the energy company's stock valued at $185,000 after buying an additional 1,332 shares in the last quarter. State of Wyoming increased its stake in shares of SunCoke Energy by 5.0% in the fourth quarter. State of Wyoming now owns 30,608 shares of the energy company's stock valued at $328,000 after purchasing an additional 1,452 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in SunCoke Energy by 3.6% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 47,680 shares of the energy company's stock valued at $510,000 after purchasing an additional 1,664 shares in the last quarter. Versant Capital Management Inc increased its holdings in shares of SunCoke Energy by 61.6% in the first quarter. Versant Capital Management Inc now owns 4,416 shares of the energy company's stock valued at $41,000 after buying an additional 1,683 shares in the last quarter. Finally, Bank of Montreal Can raised its holdings in shares of SunCoke Energy by 3.0% during the fourth quarter. Bank of Montreal Can now owns 58,050 shares of the energy company's stock valued at $621,000 after acquiring an additional 1,709 shares during the period. Institutional investors own 90.45% of the company's stock.

SunCoke Energy Stock Performance

NYSE:SXC traded down $0.18 during trading hours on Thursday, hitting $7.45. 383,921 shares of the company traded hands, compared to its average volume of 938,246. SunCoke Energy, Inc. has a twelve month low of $7.39 and a twelve month high of $12.82. The company has a current ratio of 2.40, a quick ratio of 1.39 and a debt-to-equity ratio of 0.69. The firm has a 50-day moving average of $8.36 and a 200 day moving average of $8.98. The stock has a market capitalization of $630.23 million, a price-to-earnings ratio of 6.83 and a beta of 1.11.

SunCoke Energy (NYSE:SXC - Get Free Report) last announced its quarterly earnings data 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 net margin of 4.95% and a return on equity of 13.40%. The firm had revenue of $434.10 million during the quarter, compared to the consensus estimate of $348.05 million. During the same period last year, the business earned $0.25 EPS. The business's revenue was down 7.8% on a year-over-year basis. On average, analysts forecast that SunCoke Energy, Inc. will post 0.71 EPS for the current year.

SunCoke Energy Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 2nd. Shareholders of record on Friday, August 15th will be paid a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a yield of 6.45%. SunCoke Energy's payout ratio is 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.