Gendell Jeffrey L Lowers Position in SunCoke Energy, Inc. (NYSE:SXC)

Gendell Jeffrey L cut its stake in SunCoke Energy, Inc. (NYSE:SXCFree Report) by 23.0% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 276,850 shares of the energy company’s stock after selling 82,566 shares during the quarter. Gendell Jeffrey L owned 0.33% of SunCoke Energy worth $2,973,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Catalyst Capital Advisors LLC purchased a new stake in shares of SunCoke Energy during the third quarter valued at approximately $30,000. GAMMA Investing LLC purchased a new stake in shares of SunCoke Energy during the fourth quarter valued at approximately $31,000. AJOVista LLC purchased a new stake in shares of SunCoke Energy during the fourth quarter valued at approximately $77,000. Optas LLC purchased a new stake in shares of SunCoke Energy during the fourth quarter valued at approximately $108,000. Finally, Evergreen Capital Management LLC purchased a new stake in shares of SunCoke Energy during the third quarter valued at approximately $103,000. 90.45% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

SXC has been the subject of a number of recent research reports. StockNews.com downgraded SunCoke Energy from a “strong-buy” rating to a “buy” rating in a research report on Friday, May 3rd. Benchmark reissued a “buy” rating and issued a $12.00 target price on shares of SunCoke Energy in a research report on Thursday, May 2nd.

Check Out Our Latest Analysis on SXC

Insider Transactions at SunCoke Energy

In related news, CTO John F. Quanci sold 4,532 shares of SunCoke Energy stock in a transaction on Friday, May 24th. The stock was sold at an average price of $10.67, for a total transaction of $48,356.44. Following the completion of the sale, the chief technology officer now owns 19,922 shares of the company’s stock, valued at $212,567.74. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 1.73% of the company’s stock.

SunCoke Energy Stock Performance

Shares of SunCoke Energy stock traded down $0.07 during trading hours on Thursday, reaching $9.55. The company had a trading volume of 209,938 shares, compared to its average volume of 745,676. SunCoke Energy, Inc. has a one year low of $7.51 and a one year high of $11.48. The business has a fifty day simple moving average of $10.45 and a 200 day simple moving average of $10.54. The company has a debt-to-equity ratio of 0.75, a current ratio of 2.06 and a quick ratio of 1.16. The firm has a market cap of $802.92 million, a PE ratio of 13.35 and a beta of 1.15.

SunCoke Energy (NYSE:SXCGet Free Report) last posted its quarterly earnings results on Wednesday, May 1st. The energy company reported $0.23 EPS for the quarter, topping analysts’ consensus estimates of $0.22 by $0.01. SunCoke Energy had a return on equity of 9.48% and a net margin of 2.97%. The firm had revenue of $488.40 million during the quarter, compared to analyst estimates of $549.40 million. During the same period last year, the company earned $0.19 earnings per share. The business’s revenue for the quarter was up .1% on a year-over-year basis. On average, analysts anticipate that SunCoke Energy, Inc. will post 0.9 earnings per share for the current fiscal year.

SunCoke Energy Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, June 3rd. Stockholders of record on Wednesday, May 15th were issued a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 4.19%. The ex-dividend date was Tuesday, May 14th. SunCoke Energy’s payout ratio is currently 56.34%.

SunCoke Energy Profile

(Free Report)

SunCoke Energy, Inc operates as an independent producer of coke in the Americas and Brazil. 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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Institutional Ownership by Quarter for SunCoke Energy (NYSE:SXC)

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