Los Angeles Capital Management & Equity Research Inc. reduced its stake in SunCoke Energy, Inc. (NYSE:SXC) by 20.1% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 178,774 shares of the energy company’s stock after selling 44,850 shares during the period. Los Angeles Capital Management & Equity Research Inc. owned approximately 0.28% of SunCoke Energy worth $1,634,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors also recently made changes to their positions in SXC. UBS Asset Management Americas Inc. raised its stake in shares of SunCoke Energy by 97.3% in the first quarter. UBS Asset Management Americas Inc. now owns 24,259 shares of the energy company’s stock valued at $217,000 after acquiring an additional 11,962 shares in the last quarter. Legal & General Group Plc raised its stake in shares of SunCoke Energy by 1.7% in the first quarter. Legal & General Group Plc now owns 107,060 shares of the energy company’s stock valued at $959,000 after acquiring an additional 1,744 shares in the last quarter. Vanguard Group Inc. raised its stake in shares of SunCoke Energy by 25.9% in the first quarter. Vanguard Group Inc. now owns 4,853,591 shares of the energy company’s stock valued at $43,488,000 after acquiring an additional 999,209 shares in the last quarter. Schwab Charles Investment Management Inc. raised its stake in shares of SunCoke Energy by 11.3% in the first quarter. Schwab Charles Investment Management Inc. now owns 802,052 shares of the energy company’s stock valued at $7,187,000 after acquiring an additional 81,492 shares in the last quarter. Finally, Bank of America Corp DE raised its stake in shares of SunCoke Energy by 244.7% in the first quarter. Bank of America Corp DE now owns 155,844 shares of the energy company’s stock valued at $1,395,000 after acquiring an additional 110,628 shares in the last quarter. Institutional investors and hedge funds own 90.96% of the company’s stock.
SXC has been the topic of several analyst reports. Zacks Investment Research upgraded SunCoke Energy from a “sell” rating to a “hold” rating in a research note on Saturday, August 19th. BidaskClub upgraded SunCoke Energy from a “strong sell” rating to a “sell” rating in a research note on Friday, August 25th. Finally, B. Riley reiterated a “buy” rating on shares of SunCoke Energy in a research note on Wednesday, November 1st.
In other SunCoke Energy news, Director James E. Sweetnam sold 20,000 shares of the firm’s stock in a transaction dated Tuesday, September 12th. The stock was sold at an average price of $8.76, for a total transaction of $175,200.00. Following the transaction, the director now owns 10,000 shares of the company’s stock, valued at $87,600. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Phillip Michael Hardesty sold 4,444 shares of the firm’s stock in a transaction dated Thursday, November 30th. The stock was sold at an average price of $11.37, for a total value of $50,528.28. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 36,159 shares of company stock worth $332,218. 3.85% of the stock is owned by insiders.
SunCoke Energy, Inc. (NYSE SXC) traded down $0.02 during trading on Tuesday, reaching $11.37. The company’s stock had a trading volume of 607,600 shares, compared to its average volume of 689,585. SunCoke Energy, Inc. has a one year low of $7.66 and a one year high of $13.14. The company has a debt-to-equity ratio of 1.69, a quick ratio of 1.04 and a current ratio of 1.58. The firm has a market capitalization of $733.01, a PE ratio of 29.20 and a beta of 1.31.
SunCoke Energy (NYSE:SXC) last posted its quarterly earnings results on Thursday, October 26th. The energy company reported $0.18 earnings per share for the quarter, beating the Zacks’ consensus estimate of ($0.08) by $0.26. SunCoke Energy had a return on equity of 4.60% and a net margin of 0.42%. The company had revenue of $339.00 million for the quarter, compared to analysts’ expectations of $344.40 million. During the same period last year, the firm earned $0.10 earnings per share. SunCoke Energy’s quarterly revenue was up 15.3% on a year-over-year basis. analysts anticipate that SunCoke Energy, Inc. will post -0.16 earnings per share for the current year.
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SunCoke Energy Company Profile
SunCoke Energy, Inc is a producer of coke in the Americas. The Company’s segments include Domestic Coke, Brazil Coke, Coal Logistics, and Corporate and Other. The Domestic Coke segment consists of its Jewell Coke Company, L.P. (Jewell), Indiana Harbor Coke Company (Indiana Harbor), Haverhill Coke Company LLC (Haverhill), Gateway Energy and Coke Company, LLC (Granite City) and Middletown Coke Company, LLC (Middletown) cokemaking and heat recovery operations.
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