Municipal Employees Retirement System of Michigan lifted its position in shares of SunCoke Energy Inc (NYSE:SXC) by 4.0% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 134,320 shares of the energy company’s stock after purchasing an additional 5,170 shares during the period. Municipal Employees Retirement System of Michigan owned 0.21% of SunCoke Energy worth $1,193,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also recently added to or reduced their stakes in SXC. Assenagon Asset Management S.A. bought a new position in shares of SunCoke Energy during the first quarter valued at about $2,275,000. Boston Partners lifted its position in shares of SunCoke Energy by 2.0% during the first quarter. Boston Partners now owns 4,856,229 shares of the energy company’s stock valued at $41,229,000 after purchasing an additional 96,387 shares in the last quarter. NEXT Financial Group Inc bought a new position in shares of SunCoke Energy during the second quarter valued at about $735,000. Bank of America Corp DE lifted its position in shares of SunCoke Energy by 18.8% during the fourth quarter. Bank of America Corp DE now owns 397,395 shares of the energy company’s stock valued at $3,397,000 after purchasing an additional 62,789 shares in the last quarter. Finally, Geode Capital Management LLC lifted its position in shares of SunCoke Energy by 6.6% during the fourth quarter. Geode Capital Management LLC now owns 765,979 shares of the energy company’s stock valued at $6,548,000 after purchasing an additional 47,537 shares in the last quarter. 93.27% of the stock is currently owned by institutional investors.
A number of analysts recently issued reports on SXC shares. ValuEngine upgraded shares of SunCoke Energy from a “strong sell” rating to a “sell” rating in a report on Thursday, August 1st. Zacks Investment Research downgraded shares of SunCoke Energy from a “buy” rating to a “hold” rating in a report on Saturday, August 3rd.
Shares of SXC traded down $0.30 during trading hours on Wednesday, hitting $5.96. The company’s stock had a trading volume of 14,622 shares, compared to its average volume of 847,178. The company has a market cap of $563.68 million, a P/E ratio of 15.65 and a beta of 1.26. The company has a current ratio of 1.84, a quick ratio of 1.00 and a debt-to-equity ratio of 1.15. The company has a 50 day moving average price of $8.09. SunCoke Energy Inc has a 52-week low of $6.08 and a 52-week high of $12.04.
SunCoke Energy (NYSE:SXC) last posted its earnings results on Tuesday, July 30th. The energy company reported $0.03 earnings per share for the quarter, missing the consensus estimate of $0.20 by ($0.17). The business had revenue of $407.50 million during the quarter, compared to analysts’ expectations of $369.30 million. SunCoke Energy had a return on equity of 3.66% and a net margin of 1.66%. SunCoke Energy’s revenue for the quarter was up 11.0% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.06 EPS. As a group, sell-side analysts anticipate that SunCoke Energy Inc will post 0.62 EPS for the current year.
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.
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