Biltmore Capital Advisors LLC bought a new position in shares of SunCoke Energy Inc (NYSE:SXC) in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund bought 1,350,000 shares of the energy company’s stock, valued at approximately $7,614,000. SunCoke Energy accounts for 2.0% of Biltmore Capital Advisors LLC’s portfolio, making the stock its 15th largest holding. Biltmore Capital Advisors LLC owned 1.48% of SunCoke Energy as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. BlackRock Inc. grew its holdings in SunCoke Energy by 37.2% during the 2nd quarter. BlackRock Inc. now owns 13,181,590 shares of the energy company’s stock worth $117,053,000 after acquiring an additional 3,574,590 shares during the period. Vanguard Group Inc. grew its holdings in SunCoke Energy by 14.2% during the 2nd quarter. Vanguard Group Inc. now owns 6,374,243 shares of the energy company’s stock worth $56,603,000 after acquiring an additional 791,880 shares during the period. Nuveen Asset Management LLC grew its holdings in SunCoke Energy by 29.4% during the 2nd quarter. Nuveen Asset Management LLC now owns 4,559,666 shares of the energy company’s stock worth $40,489,000 after acquiring an additional 1,037,223 shares during the period. JHL Capital Group LLC grew its holdings in SunCoke Energy by 146.2% during the 2nd quarter. JHL Capital Group LLC now owns 1,600,000 shares of the energy company’s stock worth $14,208,000 after acquiring an additional 950,000 shares during the period. Finally, Morgan Stanley grew its holdings in SunCoke Energy by 5,496.5% during the 2nd quarter. Morgan Stanley now owns 1,322,073 shares of the energy company’s stock worth $11,740,000 after acquiring an additional 1,298,450 shares during the period. 81.34% of the stock is owned by hedge funds and other institutional investors.
In other news, Director John W. Rowe purchased 15,974 shares of the firm’s stock in a transaction dated Wednesday, August 14th. The stock was bought at an average price of $5.91 per share, with a total value of $94,406.34. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 1.46% of the stock is owned by insiders.
SXC has been the subject of several research analyst reports. TheStreet lowered shares of SunCoke Energy from a “c-” rating to a “d” rating in a report on Tuesday. ValuEngine raised shares of SunCoke Energy from a “sell” rating to a “hold” rating in a report on Wednesday, October 2nd. B. Riley lowered shares of SunCoke Energy from a “buy” rating to a “neutral” rating and decreased their price target for the company from $12.00 to $8.00 in a report on Monday, September 30th. Finally, Zacks Investment Research raised shares of SunCoke Energy from a “sell” rating to a “hold” rating in a report on Thursday.
Shares of SXC stock traded up $0.03 on Friday, hitting $6.00. The stock had a trading volume of 1,331,362 shares, compared to its average volume of 893,868. SunCoke Energy Inc has a twelve month low of $5.07 and a twelve month high of $11.36. The firm has a market cap of $547.25 million, a P/E ratio of 15.00 and a beta of 1.25. The company has a current ratio of 1.73, a quick ratio of 1.00 and a debt-to-equity ratio of 1.42. The company has a fifty day moving average price of $5.81 and a two-hundred day moving average price of $7.21.
SunCoke Energy (NYSE:SXC) last announced its quarterly earnings results on Tuesday, November 5th. The energy company reported $0.13 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.09 by $0.04. SunCoke Energy had a negative net margin of 9.48% and a positive return on equity of 3.89%. The company had revenue of $404.30 million during the quarter, compared to analyst estimates of $359.05 million. During the same quarter in the previous year, the business earned $0.18 EPS. The firm’s revenue was up 10.9% on a year-over-year basis. On average, analysts expect that SunCoke Energy Inc will post 0.57 earnings per share for the current year.
SunCoke Energy Company 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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