SunCoke Energy, Inc. $SXC Shares Sold by Trexquant Investment LP

Key Points

• Trexquant Investment LP reduced its stake in SunCoke Energy, Inc. by 16.8%, owning approximately 0.62% of the company, valued at $4.81 million after selling 105,907 shares.
• SunCoke Energy's latest earnings report showed a net revenue of $434.10 million but earnings per share missed analysts' estimates, causing revenue to decline 7.8% year-over-year.
• The company declared a quarterly dividend of $0.12 per share, representing a 6.2% dividend yield, with record shareholders set for payment on September 2nd.

Trexquant Investment LP trimmed its position in SunCoke Energy, Inc. (NYSE:SXC - Free Report) by 16.8% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 522,736 shares of the energy company's stock after selling 105,907 shares during the period. Trexquant Investment LP owned approximately 0.62% of SunCoke Energy worth $4,809,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Wealth Enhancement Advisory Services LLC purchased a new position in SunCoke Energy in the 1st quarter valued at $106,000. Allspring Global Investments Holdings LLC grew its position in SunCoke Energy by 54.0% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 34,728 shares of the energy company's stock valued at $319,000 after buying an additional 12,176 shares during the last quarter. Principal Financial Group Inc. grew its position in SunCoke Energy by 3.0% in the 1st quarter. Principal Financial Group Inc. now owns 420,006 shares of the energy company's stock valued at $3,864,000 after buying an additional 12,160 shares during the last quarter. Squarepoint Ops LLC lifted its holdings in SunCoke Energy by 329.6% in the fourth quarter. Squarepoint Ops LLC now owns 61,229 shares of the energy company's stock valued at $655,000 after acquiring an additional 46,975 shares during the period. Finally, Y Intercept Hong Kong Ltd lifted its holdings in SunCoke Energy by 15.3% in the first quarter. Y Intercept Hong Kong Ltd now owns 30,822 shares of the energy company's stock valued at $284,000 after acquiring an additional 4,092 shares during the period. 90.45% of the stock is currently owned by hedge funds and other institutional investors.

SunCoke Energy Price Performance

SunCoke Energy stock traded up $0.27 during midday trading on Friday, reaching $7.88. The company's stock had a trading volume of 875,693 shares, compared to its average volume of 1,080,967. The company has a debt-to-equity ratio of 0.70, a quick ratio of 1.45 and a current ratio of 2.61. The stock's 50 day simple moving average is $8.01 and its 200 day simple moving average is $8.54. SunCoke Energy, Inc. has a fifty-two week low of $7.18 and a fifty-two week high of $12.82. The firm has a market capitalization of $666.78 million, a PE ratio of 9.16 and a beta of 1.07.

SunCoke Energy (NYSE:SXC - Get Free Report) last issued 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 for the quarter, compared to analyst estimates of $348.05 million. During the same quarter in the previous year, the company posted $0.25 earnings per share. The company's quarterly revenue was down 7.8% compared to the same quarter last year. On average, equities research analysts forecast that SunCoke Energy, Inc. will post 0.71 earnings per share for the current year.

SunCoke Energy Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 2nd. Stockholders of record on Friday, August 15th were paid a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a dividend yield of 6.1%. The ex-dividend date of this dividend was Friday, August 15th. 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.