SunCoke Energy, Inc. (NYSE:SXC) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a report released on Thursday.

According to Zacks, “SunCoke Energy, Inc is a producer of metallurgical coke in the Americas. The Company acquires, owns, and operates the coke making and coal mining operations. Its coke making facilities are in the United States and Brazil. “

Shares of SunCoke Energy (NYSE SXC) traded down 0.19% during mid-day trading on Thursday, reaching $10.74. 199,636 shares of the company traded hands. The stock has a market capitalization of $690.79 million, a PE ratio of 35.92 and a beta of 1.28. SunCoke Energy has a 52 week low of $6.28 and a 52 week high of $13.14. The firm has a 50 day moving average of $10.12 and a 200-day moving average of $9.59.

SunCoke Energy (NYSE:SXC) last announced its earnings results on Thursday, April 20th. The energy company reported $0.02 EPS for the quarter, topping the Zacks’ consensus estimate of ($0.10) by $0.12. The business had revenue of $309.70 million during the quarter, compared to the consensus estimate of $410.60 million. SunCoke Energy had a net margin of 1.60% and a return on equity of 3.29%. The firm’s revenue was down .5% on a year-over-year basis. During the same period in the previous year, the company posted ($0.06) earnings per share. On average, equities research analysts expect that SunCoke Energy will post ($0.03) EPS for the current fiscal year.

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In other news, insider Gary P. Yeaw bought 10,000 shares of SunCoke Energy stock in a transaction on Tuesday, May 9th. The stock was acquired at an average cost of $8.08 per share, for a total transaction of $80,800.00. Following the completion of the acquisition, the insider now owns 40,973 shares of the company’s stock, valued at approximately $331,061.84. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, major shareholder Mangrove Partners Fund (Cayman sold 179,828 shares of the business’s stock in a transaction dated Wednesday, June 28th. The stock was sold at an average price of $11.22, for a total transaction of $2,017,670.16. The disclosure for this sale can be found here. Insiders sold 850,551 shares of company stock valued at $9,415,508 over the last quarter. 3.85% of the stock is currently owned by corporate insiders.

A number of institutional investors have recently made changes to their positions in SXC. Boston Partners purchased a new position in shares of SunCoke Energy during the first quarter worth approximately $26,889,000. Vanguard Group Inc. increased its position in shares of SunCoke Energy by 25.9% in the first quarter. Vanguard Group Inc. now owns 4,853,591 shares of the energy company’s stock worth $43,488,000 after buying an additional 999,209 shares in the last quarter. Gendell Jeffrey L increased its position in shares of SunCoke Energy by 99.4% in the first quarter. Gendell Jeffrey L now owns 1,963,258 shares of the energy company’s stock worth $17,591,000 after buying an additional 978,441 shares in the last quarter. Nuveen Asset Management LLC purchased a new position in shares of SunCoke Energy during the first quarter worth approximately $7,161,000. Finally, State Street Corp increased its position in shares of SunCoke Energy by 16.9% in the first quarter. State Street Corp now owns 3,062,681 shares of the energy company’s stock worth $27,445,000 after buying an additional 443,774 shares in the last quarter. Institutional investors and hedge funds own 97.44% of the company’s stock.

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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