CWA Asset Management Group LLC Has $1.31 Million Stock Holdings in SunCoke Energy, Inc. $SXC

CWA Asset Management Group LLC decreased its holdings in shares of SunCoke Energy, Inc. (NYSE:SXC) by 29.3% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 160,713 shares of the energy company’s stock after selling 66,601 shares during the quarter. CWA Asset Management Group LLC’s holdings in SunCoke Energy were worth $1,311,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of the business. EverSource Wealth Advisors LLC lifted its stake in shares of SunCoke Energy by 544.8% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 2,992 shares of the energy company’s stock valued at $26,000 after purchasing an additional 2,528 shares during the last quarter. Allworth Financial LP raised its holdings in SunCoke Energy by 80.6% during the second quarter. Allworth Financial LP now owns 3,629 shares of the energy company’s stock valued at $31,000 after buying an additional 1,620 shares in the last quarter. GAMMA Investing LLC raised its holdings in SunCoke Energy by 41.8% during the second quarter. GAMMA Investing LLC now owns 5,330 shares of the energy company’s stock valued at $46,000 after buying an additional 1,571 shares in the last quarter. Tower Research Capital LLC TRC lifted its position in shares of SunCoke Energy by 176.2% in the second quarter. Tower Research Capital LLC TRC now owns 5,615 shares of the energy company’s stock worth $48,000 after buying an additional 3,582 shares during the last quarter. Finally, EP Wealth Advisors LLC bought a new stake in shares of SunCoke Energy during the 1st quarter worth about $102,000. Institutional investors own 90.45% of the company’s stock.

Insider Transactions at SunCoke Energy

In related news, Director Ratta Ralph M. Della, Jr. bought 7,288 shares of the business’s stock in a transaction that occurred on Thursday, November 6th. The stock was purchased at an average cost of $6.86 per share, for a total transaction of $49,995.68. Following the purchase, the director directly owned 86,293 shares in the company, valued at $591,969.98. This trade represents a 9.22% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 1.49% of the company’s stock.

SunCoke Energy Trading Up 4.2%

SunCoke Energy stock opened at $7.89 on Wednesday. SunCoke Energy, Inc. has a 52 week low of $6.24 and a 52 week high of $10.52. The company has a debt-to-equity ratio of 0.96, a quick ratio of 1.17 and a current ratio of 2.12. The firm has a market capitalization of $667.62 million, a PE ratio of 10.38 and a beta of 0.95. The business’s 50-day simple moving average is $6.99 and its 200-day simple moving average is $7.67.

SunCoke Energy (NYSE:SXC) last released its earnings results on Tuesday, November 4th. The energy company reported $0.26 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.14 by $0.12. The firm had revenue of $487.00 million for the quarter, compared to analyst estimates of $349.30 million. SunCoke Energy had a return on equity of 9.11% and a net margin of 3.53%.The company’s revenue was down .6% on a year-over-year basis. During the same quarter last year, the firm posted $0.36 EPS. Equities research analysts forecast that SunCoke Energy, Inc. will post 0.71 earnings per share for the current year.

SunCoke Energy Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, December 1st. Investors of record on Monday, November 17th were given a dividend of $0.12 per share. The ex-dividend date of this dividend was Monday, November 17th. This represents a $0.48 dividend on an annualized basis and a yield of 6.1%. SunCoke Energy’s payout ratio is 63.16%.

Analysts Set New Price Targets

A number of research analysts recently weighed in on the company. B. Riley cut their price objective on SunCoke Energy from $11.00 to $10.00 and set a “neutral” rating on the stock in a research note on Wednesday, November 12th. Weiss Ratings reiterated a “hold (c-)” rating on shares of SunCoke Energy in a report on Monday, December 22nd. Two research analysts have rated the stock with a Hold rating, According to data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $10.00.

SunCoke Energy Company Profile

SunCoke Energy, Inc is a leading independent producer of metallurgical coke and related products for the steel and foundry industries. The company specializes in manufacturing both blast furnace coke and foundry coke, offering high‐quality, low‐sulfur coal products that serve as essential inputs in steelmaking and metal casting processes. In addition to coke production, SunCoke provides comprehensive engineering, maintenance and environmental solutions tailored to the needs of integrated steel mills and foundries.

The company operates a network of coke production facilities across the United States, including plants in Indiana, Ohio, West Virginia and Louisiana.