Russell Investments Group Ltd. raised its stake in SunCoke Energy Inc (NYSE:SXC) by 115.3% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 732,330 shares of the energy company’s stock after acquiring an additional 392,170 shares during the quarter. Russell Investments Group Ltd. owned approximately 1.12% of SunCoke Energy worth $6,501,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Menta Capital LLC purchased a new position in SunCoke Energy in the second quarter valued at about $1,647,000. Van ECK Associates Corp lifted its stake in shares of SunCoke Energy by 19.4% during the 2nd quarter. Van ECK Associates Corp now owns 50,281 shares of the energy company’s stock valued at $446,000 after buying an additional 8,159 shares in the last quarter. Swiss National Bank lifted its stake in shares of SunCoke Energy by 13.4% during the 2nd quarter. Swiss National Bank now owns 120,450 shares of the energy company’s stock valued at $1,070,000 after buying an additional 14,200 shares in the last quarter. Municipal Employees Retirement System of Michigan lifted its stake in shares of SunCoke Energy by 4.0% during the 2nd quarter. Municipal Employees Retirement System of Michigan now owns 134,320 shares of the energy company’s stock valued at $1,193,000 after buying an additional 5,170 shares in the last quarter. Finally, Creative Planning purchased a new stake in shares of SunCoke Energy during the 2nd quarter valued at approximately $165,000. Hedge funds and other institutional investors own 81.55% of the company’s stock.
Shares of SXC stock traded down $0.18 during trading on Thursday, reaching $6.97. 49,288 shares of the company’s stock traded hands, compared to its average volume of 853,073. The company has a market capitalization of $612.92 million, a P/E ratio of 17.58 and a beta of 1.30. The company has a current ratio of 1.84, a quick ratio of 1.00 and a debt-to-equity ratio of 1.15. The firm’s 50-day moving average is $6.76 and its 200 day moving average is $8.08. SunCoke Energy Inc has a 1 year low of $5.81 and a 1 year high of $12.04.
SunCoke Energy (NYSE:SXC) last announced its quarterly earnings results on Tuesday, July 30th. The energy company reported $0.03 EPS for the quarter, missing the Zacks’ consensus estimate of $0.20 by ($0.17). The business had revenue of $407.50 million for the quarter, compared to analysts’ expectations of $369.30 million. SunCoke Energy had a net margin of 1.66% and a return on equity of 3.66%. The business’s quarterly revenue was up 11.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.06 earnings per share. As a group, sell-side analysts predict that SunCoke Energy Inc will post 0.62 earnings per share for the current fiscal year.
A number of analysts recently commented on SXC shares. ValuEngine upgraded shares of SunCoke Energy from a “strong sell” rating to a “sell” rating in a research note on Thursday, August 1st. Zacks Investment Research cut shares of SunCoke Energy from a “hold” rating to a “sell” rating in a research note on Wednesday.
In other news, Director John W. Rowe bought 15,974 shares of the firm’s stock in a transaction that occurred on Wednesday, August 14th. The shares were acquired at an average price of $5.91 per share, with a total value of $94,406.34. The acquisition was disclosed in a filing with the SEC, which is available at the SEC website. Corporate insiders own 1.46% of the company’s stock.
SunCoke Energy Profile
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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