Airain ltd purchased a new stake in SunCoke Energy, Inc. (NYSE:SXC) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 28,338 shares of the energy company’s stock, valued at approximately $309,000.
A number of other large investors also recently modified their holdings of SXC. Advisor Partners LLC raised its stake in SunCoke Energy by 0.3% in the 2nd quarter. Advisor Partners LLC now owns 11,765 shares of the energy company’s stock valued at $128,000 after acquiring an additional 41 shares during the period. Louisiana State Employees Retirement System grew its holdings in SunCoke Energy by 0.4% during the 2nd quarter. Louisiana State Employees Retirement System now owns 26,200 shares of the energy company’s stock valued at $286,000 after buying an additional 100 shares in the last quarter. Arizona State Retirement System grew its holdings in SunCoke Energy by 0.3% during the 2nd quarter. Arizona State Retirement System now owns 33,530 shares of the energy company’s stock valued at $365,000 after buying an additional 100 shares in the last quarter. Texas Permanent School Fund grew its holdings in shares of SunCoke Energy by 1.0% during the second quarter. Texas Permanent School Fund now owns 46,951 shares of the energy company’s stock worth $512,000 after purchasing an additional 484 shares in the last quarter. Finally, Wellington Management Group LLP grew its holdings in shares of SunCoke Energy by 1.9% during the first quarter. Wellington Management Group LLP now owns 40,364 shares of the energy company’s stock worth $362,000 after purchasing an additional 763 shares in the last quarter. Institutional investors and hedge funds own 90.24% of the company’s stock.
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Several research analysts have recently commented on SXC shares. Zacks Investment Research raised SunCoke Energy from a “hold” rating to a “buy” rating and set a $12.00 price objective for the company in a report on Wednesday, July 19th. BidaskClub raised SunCoke Energy from a “strong sell” rating to a “sell” rating in a research note on Friday, August 25th. Finally, TheStreet cut SunCoke Energy from a “c-” rating to a “d+” rating in a research note on Friday, August 4th.
Shares of SunCoke Energy, Inc. (SXC) opened at 8.44 on Friday. SunCoke Energy, Inc. has a 1-year low of $6.45 and a 1-year high of $13.14. The stock’s market capitalization is $542.94 million. The stock has a 50 day moving average price of $8.87 and a 200-day moving average price of $9.28.
SunCoke Energy (NYSE:SXC) last posted its quarterly earnings results on Thursday, July 27th. The energy company reported ($0.07) earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.14) by $0.07. SunCoke Energy had a negative net margin of 0.01% and a positive return on equity of 3.27%. The company had revenue of $323.20 million during the quarter, compared to the consensus estimate of $347.90 million. During the same period last year, the firm earned ($0.07) EPS. The company’s revenue for the quarter was up 10.4% on a year-over-year basis. On average, analysts forecast that SunCoke Energy, Inc. will post ($0.34) earnings per share for the current year.
In other news, major shareholder Mangrove Partners Fund (Cayman sold 179,828 shares of the business’s stock in a transaction on Wednesday, June 28th. The shares were sold at an average price of $11.22, for a total transaction of $2,017,670.16. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director James E. Sweetnam sold 11,715 shares of the company’s stock in a transaction on Friday, September 8th. The stock was sold at an average price of $9.09, for a total transaction of $106,489.35. Following the sale, the director now directly owns 20,000 shares of the company’s stock, valued at $181,800. The disclosure for this sale can be found here. Insiders sold a total of 882,266 shares of company stock valued at $9,697,197 over the last quarter. 3.85% of the stock is currently owned by insiders.
About SunCoke Energy
SunCoke Energy, Inc is a producer of coke in the Americas. The Company’s segments include Domestic Coke, Brazil Coke, Coal Logistics, and Corporate and Other. The Domestic Coke segment consists of its Jewell Coke Company, L.P. (Jewell), Indiana Harbor Coke Company (Indiana Harbor), Haverhill Coke Company LLC (Haverhill), Gateway Energy and Coke Company, LLC (Granite City) and Middletown Coke Company, LLC (Middletown) cokemaking and heat recovery operations.
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