SunCoke Energy, Inc. (NYSE:SXC) Holdings Boosted by Y Intercept Hong Kong Ltd

Y Intercept Hong Kong Ltd grew its holdings in SunCoke Energy, Inc. (NYSE:SXC) by 90.3% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 64,867 shares of the energy company’s stock after purchasing an additional 30,785 shares during the period. Y Intercept Hong Kong Ltd owned approximately 0.08% of SunCoke Energy worth $563,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of SXC. GSA Capital Partners LLP lifted its stake in SunCoke Energy by 112.5% in the 3rd quarter. GSA Capital Partners LLP now owns 176,855 shares of the energy company’s stock worth $1,535,000 after acquiring an additional 93,644 shares in the last quarter. Bank of Montreal Can increased its holdings in shares of SunCoke Energy by 111.3% in the 2nd quarter. Bank of Montreal Can now owns 176,260 shares of the energy company’s stock valued at $1,729,000 after purchasing an additional 92,827 shares during the period. Dynamic Technology Lab Private Ltd lifted its position in shares of SunCoke Energy by 182.4% in the third quarter. Dynamic Technology Lab Private Ltd now owns 127,344 shares of the energy company’s stock worth $1,105,000 after purchasing an additional 82,244 shares in the last quarter. CWA Asset Management Group LLC purchased a new stake in shares of SunCoke Energy in the third quarter worth approximately $497,000. Finally, Verition Fund Management LLC purchased a new position in SunCoke Energy during the third quarter valued at approximately $705,000. Institutional investors and hedge funds own 90.45% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have issued reports on the stock. StockNews.com upgraded shares of SunCoke Energy from a “hold” rating to a “buy” rating in a research report on Wednesday, October 16th. Benchmark reiterated a “buy” rating and set a $13.00 price objective on shares of SunCoke Energy in a report on Tuesday, November 5th.

SunCoke Energy Stock Down 0.6 %

Shares of SunCoke Energy stock opened at $11.91 on Friday. The stock has a 50-day simple moving average of $10.87 and a 200-day simple moving average of $9.89. SunCoke Energy, Inc. has a 52-week low of $7.47 and a 52-week high of $12.82. The firm has a market cap of $1.00 billion, a price-to-earnings ratio of 11.91 and a beta of 1.07. The company has a debt-to-equity ratio of 0.71, a current ratio of 2.22 and a quick ratio of 1.27.

SunCoke Energy (NYSE:SXC) last posted its earnings results on Thursday, October 31st. The energy company reported $0.36 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.22 by $0.14. SunCoke Energy had a net margin of 4.37% and a return on equity of 12.95%. The firm had revenue of $490.10 million during the quarter, compared to analysts’ expectations of $412.70 million. During the same period in the previous year, the company earned $0.08 earnings per share. The company’s revenue was down 5.8% compared to the same quarter last year. On average, equities research analysts expect that SunCoke Energy, Inc. will post 1.14 earnings per share for the current fiscal year.

SunCoke Energy Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, December 2nd. Shareholders of record on Thursday, November 14th were given a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a yield of 4.03%. The ex-dividend date was Thursday, November 14th. SunCoke Energy’s payout ratio is 48.00%.

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.