SunCoke Energy's (SXC) "Hold (C)" Rating Reiterated at Weiss Ratings

Key Points

• SunCoke Energy's stock has been reaffirmed with a "hold (C)" rating by Weiss Ratings, signaling a cautious outlook on the company's performance.
• The company reported a miss in earnings for the last quarter, with earnings per share of $0.02, falling short of expectations by $0.13.
• SunCoke's market capitalization stands at $673.52 million, with significant trading activity from hedge funds and institutional investors, who own approximately 90.45% of the stock.

SunCoke Energy (NYSE:SXC - Get Free Report)'s stock had its "hold (c)" rating reaffirmed by equities researchers at Weiss Ratings in a research note issued on Friday,Weiss Ratings reports.

SunCoke Energy Stock Performance

NYSE:SXC opened at $7.96 on Friday. The business has a 50 day moving average of $7.95 and a 200 day moving average of $8.31. The company has a market capitalization of $673.52 million, a price-to-earnings ratio of 9.25 and a beta of 1.07. SunCoke Energy 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.

SunCoke Energy (NYSE:SXC - Get Free Report) last released its earnings results on Wednesday, July 30th. The energy company reported $0.02 earnings per share for the quarter, missing analysts' consensus estimates of $0.15 by ($0.13). The firm had revenue of $434.10 million during the quarter, compared to the consensus estimate of $348.05 million. SunCoke Energy had a return on equity of 10.43% and a net margin of 3.99%.The business's quarterly revenue was down 7.8% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.25 EPS. On average, sell-side analysts predict that SunCoke Energy will post 0.71 earnings per share for the current fiscal year.

Hedge Funds Weigh In On SunCoke Energy

A number of large investors have recently bought and sold shares of the stock. Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its stake in SunCoke Energy by 7.7% in the 2nd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 21,733 shares of the energy company's stock worth $187,000 after purchasing an additional 1,547 shares during the period. Legal & General Group Plc increased its stake in SunCoke Energy by 0.7% in the 2nd quarter. Legal & General Group Plc now owns 223,115 shares of the energy company's stock worth $1,917,000 after purchasing an additional 1,560 shares during the period. GAMMA Investing LLC increased its stake in SunCoke Energy by 41.8% in the 2nd quarter. GAMMA Investing LLC now owns 5,330 shares of the energy company's stock worth $46,000 after purchasing an additional 1,571 shares during the period. Allworth Financial LP increased its stake in SunCoke Energy by 80.6% in the 2nd quarter. Allworth Financial LP now owns 3,629 shares of the energy company's stock worth $31,000 after purchasing an additional 1,620 shares during the period. Finally, Quarry LP increased its stake in shares of SunCoke Energy by 16.5% during the first quarter. Quarry LP now owns 13,611 shares of the energy company's stock valued at $125,000 after buying an additional 1,923 shares during the period. 90.45% of the stock is owned by hedge funds and other institutional investors.

About SunCoke Energy

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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