New Age Alpha Advisors LLC Trims Holdings in SunCoke Energy, Inc. $SXC

New Age Alpha Advisors LLC lessened its holdings in shares of SunCoke Energy, Inc. (NYSE:SXC) by 93.0% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 12,213 shares of the energy company’s stock after selling 161,357 shares during the period. New Age Alpha Advisors LLC’s holdings in SunCoke Energy were worth $88,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the business. Denali Advisors LLC increased its holdings in SunCoke Energy by 70.6% during the 4th quarter. Denali Advisors LLC now owns 18,600 shares of the energy company’s stock valued at $134,000 after purchasing an additional 7,700 shares during the period. Jennison Associates LLC boosted its position in SunCoke Energy by 41.8% during the 4th quarter. Jennison Associates LLC now owns 199,423 shares of the energy company’s stock valued at $1,436,000 after acquiring an additional 58,773 shares in the last quarter. Inscription Capital LLC bought a new stake in SunCoke Energy during the 4th quarter valued at approximately $103,000. Vanguard Group Inc. boosted its position in SunCoke Energy by 0.5% during the 4th quarter. Vanguard Group Inc. now owns 7,024,864 shares of the energy company’s stock valued at $50,579,000 after acquiring an additional 33,535 shares in the last quarter. Finally, Farther Finance Advisors LLC boosted its position in SunCoke Energy by 69.4% during the 4th quarter. Farther Finance Advisors LLC now owns 3,831 shares of the energy company’s stock valued at $28,000 after acquiring an additional 1,569 shares in the last quarter. Hedge funds and other institutional investors own 90.45% of the company’s stock.

SunCoke Energy Stock Performance

SunCoke Energy stock opened at $9.04 on Friday. The company has a debt-to-equity ratio of 1.09, a quick ratio of 1.31 and a current ratio of 2.23. The stock’s 50 day simple moving average is $7.03 and its two-hundred day simple moving average is $7.06. SunCoke Energy, Inc. has a fifty-two week low of $5.51 and a fifty-two week high of $9.30. The stock has a market cap of $766.70 million, a price-to-earnings ratio of -11.74 and a beta of 0.86.

SunCoke Energy (NYSE:SXC) last posted its quarterly earnings results on Thursday, April 30th. The energy company reported ($0.05) earnings per share for the quarter, missing the consensus estimate of $0.08 by ($0.13). The company had revenue of $455.10 million during the quarter, compared to analysts’ expectations of $416.15 million. SunCoke Energy had a positive return on equity of 4.47% and a negative net margin of 3.55%.The business’s quarterly revenue was up 4.4% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.20 EPS. As a group, analysts expect that SunCoke Energy, Inc. will post 0.2 earnings per share for the current fiscal year.

SunCoke Energy Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, June 2nd. Investors of record on Friday, May 15th will be paid a $0.12 dividend. The ex-dividend date is Friday, May 15th. This represents a $0.48 annualized dividend and a dividend yield of 5.3%. SunCoke Energy’s dividend payout ratio is presently -62.34%.

Analysts Set New Price Targets

SXC has been the topic of several research reports. Weiss Ratings cut SunCoke Energy from a “hold (c-)” rating to a “sell (d)” rating in a research report on Tuesday, March 3rd. B. Riley Financial cut their price objective on SunCoke Energy from $10.00 to $9.00 and set a “neutral” rating on the stock in a research report on Wednesday, February 18th. One research analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock has an average rating of “Reduce” and an average target price of $9.00.

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.