Gator Capital Management LLC increased its position in shares of SunCoke Energy Inc (NYSE:SXC) by 48.2% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 30,748 shares of the energy company’s stock after acquiring an additional 10,000 shares during the period. Gator Capital Management LLC’s holdings in SunCoke Energy were worth $357,000 at the end of the most recent reporting period.
A number of other hedge funds have also recently modified their holdings of the stock. Victory Capital Management Inc. grew its position in SunCoke Energy by 129.6% during the 3rd quarter. Victory Capital Management Inc. now owns 169,909 shares of the energy company’s stock worth $1,975,000 after acquiring an additional 95,909 shares during the last quarter. Acadian Asset Management LLC grew its position in SunCoke Energy by 76.9% during the 3rd quarter. Acadian Asset Management LLC now owns 715,081 shares of the energy company’s stock worth $8,312,000 after acquiring an additional 310,900 shares during the last quarter. Assenagon Asset Management S.A. bought a new stake in SunCoke Energy during the 3rd quarter worth $4,569,000. Fox Run Management L.L.C. bought a new stake in SunCoke Energy during the 3rd quarter worth $392,000. Finally, Northern Trust Corp grew its position in SunCoke Energy by 3.2% during the 2nd quarter. Northern Trust Corp now owns 767,012 shares of the energy company’s stock worth $10,277,000 after acquiring an additional 23,443 shares during the last quarter. Institutional investors and hedge funds own 89.64% of the company’s stock.
Separately, Zacks Investment Research upgraded SunCoke Energy from a “hold” rating to a “buy” rating and set a $12.00 price objective on the stock in a research report on Saturday, October 27th. One research analyst has rated the stock with a hold rating and four have given a buy rating to the company’s stock. SunCoke Energy currently has a consensus rating of “Buy” and a consensus target price of $13.00.
Shares of SXC opened at $11.35 on Monday. The stock has a market cap of $734.90 million, a price-to-earnings ratio of 22.25 and a beta of 0.80. SunCoke Energy Inc has a 12 month low of $9.38 and a 12 month high of $14.32. The company has a debt-to-equity ratio of 1.22, a quick ratio of 1.13 and a current ratio of 1.65.
SunCoke Energy (NYSE:SXC) last announced its earnings results on Thursday, October 25th. The energy company reported $0.18 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.01 by $0.17. The firm had revenue of $364.50 million for the quarter, compared to the consensus estimate of $330.25 million. SunCoke Energy had a return on equity of 5.00% and a net margin of 10.99%. On average, equities research analysts forecast that SunCoke Energy Inc will post 0.38 EPS for the current year.
SunCoke Energy Company Profile
SunCoke Energy, Inc operates as an independent producer of coke in the Americas. 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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