SunCoke Energy, Inc. $SXC Shares Acquired by Aristeia Capital L.L.C.

Aristeia Capital L.L.C. grew its holdings in SunCoke Energy, Inc. (NYSE:SXC) by 191.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 107,653 shares of the energy company’s stock after acquiring an additional 70,718 shares during the period. Aristeia Capital L.L.C. owned about 0.13% of SunCoke Energy worth $775,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. EverSource Wealth Advisors LLC raised its stake in shares of SunCoke Energy by 544.8% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 2,992 shares of the energy company’s stock valued at $26,000 after buying an additional 2,528 shares during the last quarter. Farther Finance Advisors LLC grew its holdings in SunCoke Energy by 69.4% during the fourth quarter. Farther Finance Advisors LLC now owns 3,831 shares of the energy company’s stock worth $28,000 after acquiring an additional 1,569 shares during the period. Signaturefd LLC grew its holdings in SunCoke Energy by 44.9% during the fourth quarter. Signaturefd LLC now owns 4,256 shares of the energy company’s stock worth $31,000 after acquiring an additional 1,318 shares during the period. Tower Research Capital LLC TRC raised its position in SunCoke Energy by 176.2% during the second quarter. Tower Research Capital LLC TRC now owns 5,615 shares of the energy company’s stock valued at $48,000 after acquiring an additional 3,582 shares in the last quarter. Finally, RPO LLC purchased a new position in SunCoke Energy during the fourth quarter valued at approximately $73,000. Hedge funds and other institutional investors own 90.45% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have recently commented on the stock. B. Riley Financial dropped their price objective on shares of SunCoke Energy from $10.00 to $9.00 and set a “neutral” rating on the stock in a research note on Wednesday, February 18th. Weiss Ratings raised shares of SunCoke Energy from a “sell (d)” rating to a “sell (d+)” rating in a report on Thursday, June 11th. One analyst has rated the stock with a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Reduce” and an average target price of $9.00.

SunCoke Energy Stock Performance

NYSE SXC opened at $8.78 on Thursday. The stock has a market capitalization of $745.24 million, a price-to-earnings ratio of -11.41 and a beta of 0.96. The stock has a 50-day moving average of $7.76 and a 200 day moving average of $7.30. The company has a current ratio of 2.23, a quick ratio of 1.31 and a debt-to-equity ratio of 1.09. SunCoke Energy, Inc. has a twelve month low of $5.51 and a twelve month high of $9.73.

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

SunCoke Energy Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, June 2nd. Investors of record on Friday, May 15th were issued a $0.12 dividend. This represents a $0.48 annualized dividend and a yield of 5.5%. The ex-dividend date of this dividend was Friday, May 15th. SunCoke Energy’s payout ratio is presently -62.34%.

SunCoke Energy 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.