SG Americas Securities LLC boosted its stake in shares of SunCoke Energy Inc (NYSE:SXC) by 168.7% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 28,535 shares of the energy company’s stock after buying an additional 17,916 shares during the period. SG Americas Securities LLC’s holdings in SunCoke Energy were worth $382,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. Cigna Investments Inc. New grew its stake in shares of SunCoke Energy by 33.5% in the 1st quarter. Cigna Investments Inc. New now owns 26,322 shares of the energy company’s stock valued at $282,000 after buying an additional 6,609 shares in the last quarter. Alps Advisors Inc. boosted its position in SunCoke Energy by 12.4% during the second quarter. Alps Advisors Inc. now owns 62,467 shares of the energy company’s stock worth $837,000 after purchasing an additional 6,885 shares during the period. Koch Industries Inc. boosted its position in SunCoke Energy by 50.6% during the first quarter. Koch Industries Inc. now owns 21,959 shares of the energy company’s stock worth $236,000 after purchasing an additional 7,378 shares during the period. IndexIQ Advisors LLC boosted its position in SunCoke Energy by 3.9% during the second quarter. IndexIQ Advisors LLC now owns 216,527 shares of the energy company’s stock worth $2,901,000 after purchasing an additional 8,078 shares during the period. Finally, Wells Fargo & Company MN boosted its position in SunCoke Energy by 1.7% during the first quarter. Wells Fargo & Company MN now owns 503,417 shares of the energy company’s stock worth $5,417,000 after purchasing an additional 8,221 shares during the period. Hedge funds and other institutional investors own 89.18% of the company’s stock.
Shares of NYSE SXC traded up $0.09 during trading hours on Friday, reaching $11.06. The stock had a trading volume of 332,771 shares, compared to its average volume of 473,094. SunCoke Energy Inc has a twelve month low of $9.38 and a twelve month high of $14.32. The firm has a market capitalization of $752.14 million, a price-to-earnings ratio of 39.50 and a beta of 0.95. The company has a current ratio of 1.86, a quick ratio of 1.25 and a debt-to-equity ratio of 1.28.
SunCoke Energy (NYSE:SXC) last announced its quarterly earnings results on Thursday, July 26th. The energy company reported $0.06 earnings per share for the quarter, beating analysts’ consensus estimates of $0.02 by $0.04. SunCoke Energy had a return on equity of 5.36% and a net margin of 11.19%. The firm had revenue of $367.00 million for the quarter, compared to analysts’ expectations of $313.95 million. During the same period in the prior year, the business posted ($0.38) earnings per share. The business’s revenue was up 13.6% compared to the same quarter last year. On average, research analysts anticipate that SunCoke Energy Inc will post 0.28 earnings per share for the current fiscal year.
Separately, Zacks Investment Research lowered SunCoke Energy from a “buy” rating to a “hold” rating in a report on Wednesday, August 1st. Two research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. The company has an average rating of “Buy” and a consensus target price of $14.00.
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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