SunCoke Energy Inc (SXC) Stake Lessened by Panagora Asset Management Inc.

Panagora Asset Management Inc. decreased its position in SunCoke Energy Inc (NYSE:SXC) by 6.9% during the 3rd quarter, Holdings Channel reports. The firm owned 531,643 shares of the energy company’s stock after selling 39,280 shares during the period. Panagora Asset Management Inc.’s holdings in SunCoke Energy were worth $6,178,000 at the end of the most recent quarter.

Other institutional investors have also recently modified their holdings of the company. BlackRock Inc. lifted its stake in SunCoke Energy by 8.3% in the second quarter. BlackRock Inc. now owns 9,215,417 shares of the energy company’s stock worth $123,487,000 after acquiring an additional 706,312 shares during the period. Renaissance Technologies LLC lifted its stake in SunCoke Energy by 18.3% in the second quarter. Renaissance Technologies LLC now owns 4,098,600 shares of the energy company’s stock worth $54,921,000 after acquiring an additional 635,200 shares during the period. Assenagon Asset Management S.A. purchased a new stake in SunCoke Energy in the third quarter worth $4,569,000. Acadian Asset Management LLC lifted its stake in SunCoke Energy by 76.9% in the third 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 period. Finally, Boston Partners lifted its stake in SunCoke Energy by 3.6% in the second quarter. Boston Partners now owns 4,557,920 shares of the energy company’s stock worth $61,076,000 after acquiring an additional 160,085 shares during the period. Hedge funds and other institutional investors own 88.57% of the company’s stock.

Shares of SXC stock opened at $9.50 on Thursday. SunCoke Energy Inc has a 52 week low of $9.27 and a 52 week high of $14.32. The firm has a market capitalization of $615.11 million, a P/E ratio of 33.93 and a beta of 0.71. The company has a quick ratio of 1.13, a current ratio of 1.65 and a debt-to-equity ratio of 1.22.

SunCoke Energy (NYSE:SXC) last announced its quarterly earnings data on Thursday, October 25th. The energy company reported $0.18 EPS for the quarter, beating the consensus estimate of $0.01 by $0.17. The business had revenue of $364.50 million during the quarter, compared to analyst estimates of $330.25 million. SunCoke Energy had a return on equity of 5.00% and a net margin of 10.99%. Sell-side analysts anticipate that SunCoke Energy Inc will post 0.43 EPS for the current fiscal year.

A number of analysts recently commented on SXC shares. B. Riley reaffirmed a “buy” rating and issued a $14.00 price target on shares of SunCoke Energy in a research note on Friday, November 9th. Zacks Investment Research raised SunCoke Energy from a “hold” rating to a “buy” rating and set a $12.00 price target for the company in a research note on Saturday, October 27th. Finally, ValuEngine lowered SunCoke Energy from a “hold” rating to a “sell” rating in a research note on Wednesday, November 21st. One equities research analyst has rated the stock with a sell rating and four have assigned a buy rating to the stock. SunCoke Energy currently has an average rating of “Buy” and an average price target of $13.00.

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About SunCoke Energy

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.

See Also: Book Value Per Share in Stock Trading

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Institutional Ownership by Quarter for SunCoke Energy (NYSE:SXC)

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