Alta Fundamental Advisers LLC reduced its holdings in SunCoke Energy Inc (NYSE:SXC) by 1.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 638,998 shares of the energy company’s stock after selling 9,000 shares during the period. SunCoke Energy accounts for about 4.7% of Alta Fundamental Advisers LLC’s portfolio, making the stock its 11th largest holding. Alta Fundamental Advisers LLC owned about 0.99% of SunCoke Energy worth $7,661,000 as of its most recent SEC filing.
Other hedge funds have also modified their holdings of the company. Alambic Investment Management L.P. bought a new position in shares of SunCoke Energy in the 4th quarter valued at about $133,000. Quantbot Technologies LP bought a new position in shares of SunCoke Energy in the 3rd quarter valued at about $142,000. Crossmark Global Holdings Inc. bought a new position in shares of SunCoke Energy in the 3rd quarter valued at about $155,000. Stone Ridge Asset Management LLC bought a new position in shares of SunCoke Energy in the 4th quarter valued at about $170,000. Finally, Koch Industries Inc. bought a new position in shares of SunCoke Energy in the 4th quarter valued at about $175,000. Hedge funds and other institutional investors own 88.78% of the company’s stock.
A number of research analysts have recently commented on the stock. Zacks Investment Research downgraded shares of SunCoke Energy from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, December 27th. B. Riley lifted their price objective on shares of SunCoke Energy from $14.00 to $15.00 and gave the company a “buy” rating in a research report on Tuesday, March 6th. Finally, Clarkson Capital raised shares of SunCoke Energy from a “neutral” rating to a “buy” rating in a research report on Thursday, February 15th. One analyst has rated the stock with a sell rating and three have assigned a buy rating to the company. The company has a consensus rating of “Buy” and a consensus price target of $13.00.
SunCoke Energy (NYSE:SXC) last announced its quarterly earnings data on Wednesday, January 31st. The energy company reported $0.14 EPS for the quarter, missing analysts’ consensus estimates of $0.16 by ($0.02). The firm had revenue of $359.60 million during the quarter, compared to the consensus estimate of $353.60 million. SunCoke Energy had a net margin of 9.19% and a return on equity of 3.13%. The business’s revenue was up 10.4% on a year-over-year basis. During the same period last year, the business earned $0.26 EPS. sell-side analysts expect that SunCoke Energy Inc will post 0.26 earnings per share for the current year.
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SunCoke Energy Profile
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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