Pinebridge Investments L.P. lifted its stake in shares of SunCoke Energy, Inc. (NYSE:SXC) by 768.2% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 73,554 shares of the energy company’s stock after purchasing an additional 65,082 shares during the period. Pinebridge Investments L.P. owned 0.11% of SunCoke Energy worth $672,000 as of its most recent SEC filing.
Other institutional investors also recently modified their holdings of the company. IHT Wealth Management LLC acquired a new position in shares of SunCoke Energy during the 2nd quarter worth approximately $831,000. Advisor Partners LLC boosted its holdings in shares of SunCoke Energy by 0.3% during the 2nd quarter. Advisor Partners LLC now owns 11,765 shares of the energy company’s stock worth $128,000 after purchasing an additional 41 shares during the last quarter. Fox Run Management L.L.C. acquired a new position in shares of SunCoke Energy during the 3rd quarter worth approximately $124,000. Piedmont Investment Advisors LLC acquired a new position in shares of SunCoke Energy during the 2nd quarter worth approximately $152,000. Finally, Quantbot Technologies LP acquired a new position in shares of SunCoke Energy during the 3rd quarter worth approximately $142,000. Institutional investors and hedge funds own 90.96% of the company’s stock.
In related news, insider Phillip Michael Hardesty sold 4,444 shares of the company’s stock in a transaction that occurred on Thursday, November 30th. The stock was sold at an average price of $11.37, for a total value of $50,528.28. Following the transaction, the insider now directly owns 70,161 shares in the company, valued at $797,730.57. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director James E. Sweetnam sold 20,000 shares of the company’s stock in a transaction that occurred on Tuesday, September 12th. The shares were sold at an average price of $8.76, for a total value of $175,200.00. Following the completion of the transaction, the director now owns 10,000 shares in the company, valued at $87,600. The disclosure for this sale can be found here. Corporate insiders own 3.85% of the company’s stock.
SXC has been the topic of several recent research reports. B. Riley restated a “buy” rating on shares of SunCoke Energy in a report on Wednesday, November 1st. Zacks Investment Research upgraded SunCoke Energy from a “sell” rating to a “hold” rating in a report on Saturday, August 19th. Finally, BidaskClub upgraded SunCoke Energy from a “strong sell” rating to a “sell” rating in a report on Friday, August 25th.
Shares of SunCoke Energy, Inc. (SXC) traded up $0.07 during trading on Monday, hitting $11.10. The stock had a trading volume of 345,500 shares, compared to its average volume of 684,101. The firm has a market cap of $714.35, a PE ratio of 28.46 and a beta of 1.31. SunCoke Energy, Inc. has a fifty-two week low of $7.66 and a fifty-two week high of $12.77. The company has a current ratio of 1.58, a quick ratio of 1.04 and a debt-to-equity ratio of 1.69.
SunCoke Energy (NYSE:SXC) last issued its earnings results on Thursday, October 26th. The energy company reported $0.18 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.08) by $0.26. The business had revenue of $339.00 million for the quarter, compared to analysts’ expectations of $344.40 million. SunCoke Energy had a return on equity of 4.60% and a net margin of 0.42%. The business’s revenue for the quarter was up 15.3% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.10 EPS. research analysts forecast that SunCoke Energy, Inc. will post -0.16 earnings per share for the current fiscal year.
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SunCoke Energy 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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