Connor Clark & Lunn Investment Management Ltd. Lowers Holdings in SunCoke Energy, Inc. (NYSE:SXC)

Connor Clark & Lunn Investment Management Ltd. lowered its holdings in SunCoke Energy, Inc. (NYSE:SXC) by 7.6% in the fourth quarter, HoldingsChannel reports. The firm owned 289,292 shares of the energy company’s stock after selling 23,663 shares during the quarter. Connor Clark & Lunn Investment Management Ltd.’s holdings in SunCoke Energy were worth $3,095,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. GAMMA Investing LLC grew its stake in shares of SunCoke Energy by 71.3% in the fourth quarter. GAMMA Investing LLC now owns 4,156 shares of the energy company’s stock worth $44,000 after acquiring an additional 1,730 shares in the last quarter. KBC Group NV boosted its holdings in SunCoke Energy by 61.1% in the fourth quarter. KBC Group NV now owns 6,082 shares of the energy company’s stock valued at $65,000 after purchasing an additional 2,307 shares during the period. XTX Topco Ltd acquired a new position in SunCoke Energy during the 3rd quarter worth $120,000. Navellier & Associates Inc. increased its holdings in SunCoke Energy by 11.3% during the 4th quarter. Navellier & Associates Inc. now owns 11,323 shares of the energy company’s stock worth $121,000 after purchasing an additional 1,152 shares during the period. Finally, Point72 DIFC Ltd raised its position in SunCoke Energy by 798.2% in the 3rd quarter. Point72 DIFC Ltd now owns 14,766 shares of the energy company’s stock valued at $128,000 after purchasing an additional 13,122 shares in the last quarter. 90.45% of the stock is owned by hedge funds and other institutional investors.

SunCoke Energy Stock Performance

Shares of SXC opened at $9.05 on Tuesday. SunCoke Energy, Inc. has a 1 year low of $7.47 and a 1 year high of $12.82. The stock has a market capitalization of $762.96 million, a PE ratio of 8.08 and a beta of 0.98. The company has a debt-to-equity ratio of 0.71, a quick ratio of 1.27 and a current ratio of 2.22. The stock has a 50-day simple moving average of $9.64 and a 200-day simple moving average of $9.96.

SunCoke Energy (NYSE:SXC) last posted its quarterly earnings results on Thursday, January 30th. The energy company reported $0.28 EPS for the quarter, topping the consensus estimate of $0.24 by $0.04. SunCoke Energy had a net margin of 4.95% and a return on equity of 14.31%. On average, analysts predict that SunCoke Energy, Inc. will post 0.71 earnings per share for the current fiscal year.

SunCoke Energy Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, March 3rd. Shareholders of record on Monday, February 17th were paid a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a yield of 5.31%. The ex-dividend date of this dividend was Friday, February 14th. SunCoke Energy’s dividend payout ratio is presently 42.86%.

About SunCoke Energy

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.