Y Intercept Hong Kong Ltd Acquires 92,271 Shares of SunCoke Energy, Inc. $SXC

Y Intercept Hong Kong Ltd raised its holdings in SunCoke Energy, Inc. (NYSE:SXC) by 676.8% during the first quarter, Holdings Channel.com reports. The fund owned 105,904 shares of the energy company’s stock after purchasing an additional 92,271 shares during the period. Y Intercept Hong Kong Ltd’s holdings in SunCoke Energy were worth $689,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Royal Bank of Canada lifted its stake in shares of SunCoke Energy by 13.8% in the 1st quarter. Royal Bank of Canada now owns 35,957 shares of the energy company’s stock valued at $330,000 after purchasing an additional 4,358 shares during the period. AQR Capital Management LLC grew its stake in shares of SunCoke Energy by 86.3% during the first quarter. AQR Capital Management LLC now owns 366,537 shares of the energy company’s stock worth $3,372,000 after purchasing an additional 169,813 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in shares of SunCoke Energy by 4.3% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 49,744 shares of the energy company’s stock worth $458,000 after purchasing an additional 2,064 shares during the period. Dynamic Technology Lab Private Ltd grew its stake in shares of SunCoke Energy by 70.7% during the first quarter. Dynamic Technology Lab Private Ltd now owns 27,962 shares of the energy company’s stock worth $257,000 after purchasing an additional 11,580 shares during the period. Finally, Hsbc Holdings PLC increased its holdings in SunCoke Energy by 126.3% in the second quarter. Hsbc Holdings PLC now owns 49,633 shares of the energy company’s stock valued at $424,000 after purchasing an additional 27,696 shares during the last quarter. Institutional investors and hedge funds own 90.45% of the company’s stock.

SunCoke Energy Stock Up 2.5%

Shares of NYSE SXC opened at $8.43 on Tuesday. SunCoke Energy, Inc. has a 52-week low of $5.51 and a 52-week high of $9.73. The company has a debt-to-equity ratio of 1.09, a quick ratio of 1.31 and a current ratio of 2.23. The stock has a market cap of $714.86 million, a P/E ratio of -10.94 and a beta of 0.99. The firm has a 50 day moving average price of $8.38 and a 200 day moving average price of $7.46.

SunCoke Energy (NYSE:SXC) last posted its earnings results on Thursday, April 30th. The energy company reported ($0.05) earnings per share for the quarter, missing the consensus estimate of $0.08 by ($0.13). The firm had revenue of $455.10 million during the quarter, compared to analyst estimates of $416.15 million. SunCoke Energy had a positive return on equity of 4.47% and a negative net margin of 3.55%.The company’s revenue for the quarter was up 4.4% on a year-over-year basis. During the same quarter last year, the business posted $0.20 earnings per share. Analysts expect that SunCoke Energy, Inc. will post 0.2 EPS for the current year.

SunCoke Energy Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 2nd. Investors of record on Friday, May 15th were given a $0.12 dividend. The ex-dividend date was Friday, May 15th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 5.7%. SunCoke Energy’s dividend payout ratio is currently -62.34%.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings raised SunCoke Energy from a “sell (d)” rating to a “sell (d+)” rating in a research note on Thursday, June 11th. One investment analyst has rated the stock with a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, SunCoke Energy currently has an average rating of “Reduce” and a consensus price target of $9.00.

About SunCoke Energy

SunCoke Energy, Inc is a leading independent producer of metallurgical coke and related products for the steel and foundry industries. The company specializes in manufacturing both blast furnace coke and foundry coke, offering high‐quality, low‐sulfur coal products that serve as essential inputs in steelmaking and metal casting processes. In addition to coke production, SunCoke provides comprehensive engineering, maintenance and environmental solutions tailored to the needs of integrated steel mills and foundries.

The company operates a network of coke production facilities across the United States, including plants in Indiana, Ohio, West Virginia and Louisiana.