SunCoke Energy, Inc. (SXC) Major Shareholder Sells $2,368,878.57 in Stock
SunCoke Energy, Inc. (NYSE:SXC) major shareholder Mangrove Partners Fund (Cayman sold 215,157 shares of the business’s stock in a transaction dated Thursday, June 29th. The shares were sold at an average price of $11.01, for a total value of $2,368,878.57. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Large shareholders that own 10% or more of a company’s stock are required to disclose their sales and purchases with the SEC.
Mangrove Partners Fund (Cayman also recently made the following trade(s):
- On Wednesday, June 28th, Mangrove Partners Fund (Cayman sold 179,828 shares of SunCoke Energy stock. The shares were sold at an average price of $11.22, for a total value of $2,017,670.16.
Shares of SunCoke Energy, Inc. (SXC) traded up 0.37% on Friday, hitting $10.97. The company’s stock had a trading volume of 338,243 shares. The stock has a market capitalization of $705.58 million, a P/E ratio of 36.69 and a beta of 1.32. SunCoke Energy, Inc. has a 52 week low of $5.52 and a 52 week high of $13.14. The stock’s 50 day moving average price is $9.25 and its 200 day moving average price is $9.69.
SunCoke Energy (NYSE:SXC) last announced its quarterly earnings results on Thursday, April 20th. The energy company reported $0.02 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.10) by $0.12. The company had revenue of $309.70 million for the quarter, compared to analysts’ expectations of $410.60 million. SunCoke Energy had a net margin of 1.60% and a return on equity of 3.29%. The business’s quarterly revenue was down .5% compared to the same quarter last year. During the same period last year, the firm posted ($0.06) earnings per share. On average, analysts forecast that SunCoke Energy, Inc. will post ($0.01) earnings per share for the current fiscal year.
Separately, Zacks Investment Research upgraded SunCoke Energy from a “hold” rating to a “strong-buy” rating and set a $11.00 price objective on the stock in a research note on Saturday, April 29th.
Several institutional investors have recently made changes to their positions in SXC. Russell Investments Group Ltd. purchased a new position in shares of SunCoke Energy during the fourth quarter worth $3,760,000. Comerica Bank boosted its position in shares of SunCoke Energy by 5.1% in the fourth quarter. Comerica Bank now owns 68,397 shares of the energy company’s stock worth $780,000 after buying an additional 3,334 shares in the last quarter. State Street Corp boosted its position in shares of SunCoke Energy by 1.4% in the fourth quarter. State Street Corp now owns 2,618,907 shares of the energy company’s stock worth $29,702,000 after buying an additional 37,072 shares in the last quarter. Dimensional Fund Advisors LP boosted its position in shares of SunCoke Energy by 5.9% in the fourth quarter. Dimensional Fund Advisors LP now owns 5,012,159 shares of the energy company’s stock worth $56,839,000 after buying an additional 279,430 shares in the last quarter. Finally, Federated Investors Inc. PA purchased a new position in shares of SunCoke Energy during the fourth quarter worth $514,000. 97.44% of the stock is currently owned by institutional investors.
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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