Mackenzie Financial Corp Grows Stake in SunCoke Energy, Inc. (NYSE:SXC)

Mackenzie Financial Corp increased its holdings in SunCoke Energy, Inc. (NYSE:SXC) by 13.1% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 16,643 shares of the energy company’s stock after purchasing an additional 1,932 shares during the period. Mackenzie Financial Corp’s holdings in SunCoke Energy were worth $179,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Swiss National Bank increased its holdings in shares of SunCoke Energy by 0.9% in the third quarter. Swiss National Bank now owns 184,050 shares of the energy company’s stock worth $1,868,000 after purchasing an additional 1,700 shares during the last quarter. Paulson Wealth Management Inc. increased its stake in SunCoke Energy by 17.8% in the 3rd quarter. Paulson Wealth Management Inc. now owns 14,387 shares of the energy company’s stock worth $146,000 after acquiring an additional 2,172 shares during the last quarter. Catalyst Capital Advisors LLC purchased a new stake in shares of SunCoke Energy during the 3rd quarter worth approximately $30,000. Millburn Ridgefield Corp bought a new position in shares of SunCoke Energy during the 3rd quarter valued at approximately $30,000. Finally, Mirae Asset Global Investments Co. Ltd. boosted its position in shares of SunCoke Energy by 10.0% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 37,622 shares of the energy company’s stock valued at $404,000 after acquiring an additional 3,413 shares during the last quarter. 90.45% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Separately, StockNews.com upgraded shares of SunCoke Energy from a “buy” rating to a “strong-buy” rating in a research report on Monday, February 5th.

Insider Transactions at SunCoke Energy

In related news, CEO Michael G. Rippey sold 78,714 shares of the company’s stock in a transaction dated Wednesday, March 13th. The shares were sold at an average price of $11.06, for a total transaction of $870,576.84. Following the transaction, the chief executive officer now directly owns 342,359 shares in the company, valued at approximately $3,786,490.54. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other SunCoke Energy news, CEO Michael G. Rippey sold 122,533 shares of the stock in a transaction on Monday, March 11th. The stock was sold at an average price of $11.11, for a total value of $1,361,341.63. Following the sale, the chief executive officer now owns 521,073 shares in the company, valued at $5,789,121.03. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CEO Michael G. Rippey sold 78,714 shares of SunCoke Energy stock in a transaction on Wednesday, March 13th. The stock was sold at an average price of $11.06, for a total value of $870,576.84. Following the sale, the chief executive officer now owns 342,359 shares of the company’s stock, valued at $3,786,490.54. The disclosure for this sale can be found here. In the last quarter, insiders sold 251,572 shares of company stock worth $2,781,834. 1.73% of the stock is currently owned by insiders.

SunCoke Energy Trading Up 0.1 %

SXC opened at $10.58 on Tuesday. The stock has a 50-day moving average of $10.88 and a 200 day moving average of $10.29. The company has a current ratio of 1.86, a quick ratio of 1.05 and a debt-to-equity ratio of 0.76. SunCoke Energy, Inc. has a 12 month low of $6.71 and a 12 month high of $11.48. The firm has a market cap of $889.51 million, a P/E ratio of 15.79 and a beta of 1.17.

SunCoke Energy (NYSE:SXC) last announced its earnings results on Thursday, February 1st. The energy company reported $0.16 EPS for the quarter, topping analysts’ consensus estimates of $0.13 by $0.03. SunCoke Energy had a return on equity of 8.99% and a net margin of 2.79%. The firm had revenue of $520.60 million during the quarter, compared to analysts’ expectations of $406.40 million. During the same quarter in the previous year, the business earned $0.14 EPS. The company’s quarterly revenue was up 1.3% on a year-over-year basis. As a group, research analysts forecast that SunCoke Energy, Inc. will post 0.86 EPS for the current year.

SunCoke Energy Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, March 1st. Stockholders of record on Thursday, February 15th were paid a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 3.78%. The ex-dividend date of this dividend was Wednesday, February 14th. SunCoke Energy’s dividend payout ratio is currently 59.70%.

SunCoke Energy Profile

SunCoke Energy, Inc operates as an independent producer of coke in the Americas and Brazil. 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.