Los Angeles Capital Management LLC Purchases 34,622 Shares of SunCoke Energy, Inc. (NYSE:SXC)

Los Angeles Capital Management LLC increased its stake in SunCoke Energy, Inc. (NYSE:SXC) by 30.8% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 146,876 shares of the energy company’s stock after purchasing an additional 34,622 shares during the period. Los Angeles Capital Management LLC owned approximately 0.17% of SunCoke Energy worth $1,655,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in SXC. Swiss National Bank boosted its stake in shares of SunCoke Energy by 0.9% during the 3rd quarter. Swiss National Bank now owns 184,050 shares of the energy company’s stock worth $1,868,000 after buying an additional 1,700 shares during the last quarter. Charles Schwab Investment Management Inc. increased its holdings in shares of SunCoke Energy by 4.6% during the third quarter. Charles Schwab Investment Management Inc. now owns 1,715,411 shares of the energy company’s stock worth $17,411,000 after purchasing an additional 74,713 shares during the period. Invesco Ltd. increased its holdings in shares of SunCoke Energy by 15.3% during the third quarter. Invesco Ltd. now owns 2,034,183 shares of the energy company’s stock worth $20,647,000 after purchasing an additional 270,467 shares during the period. Brandywine Global Investment Management LLC increased its holdings in shares of SunCoke Energy by 11.7% during the third quarter. Brandywine Global Investment Management LLC now owns 248,901 shares of the energy company’s stock worth $2,526,000 after purchasing an additional 26,018 shares during the period. Finally, Connor Clark & Lunn Investment Management Ltd. boosted its position in shares of SunCoke Energy by 241.3% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 229,527 shares of the energy company’s stock worth $2,330,000 after acquiring an additional 162,285 shares in the last quarter. 90.45% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of analysts have weighed in on the stock. StockNews.com lowered shares of SunCoke Energy from a “strong-buy” rating to a “buy” rating in a research report on Friday, May 3rd. Benchmark reiterated a “buy” rating and set a $12.00 price target on shares of SunCoke Energy in a report on Thursday, May 2nd.

SunCoke Energy Price Performance

Shares of NYSE SXC opened at $9.59 on Friday. SunCoke Energy, Inc. has a twelve month low of $7.51 and a twelve month high of $11.48. The firm has a fifty day simple moving average of $10.25 and a 200 day simple moving average of $10.55. The company has a market capitalization of $806.23 million, a PE ratio of 13.51 and a beta of 1.15. The company has a quick ratio of 1.16, a current ratio of 2.06 and a debt-to-equity ratio of 0.75.

SunCoke Energy (NYSE:SXC) last posted its quarterly earnings results on Wednesday, May 1st. The energy company reported $0.23 earnings per share for the quarter, beating the consensus estimate of $0.22 by $0.01. The firm had revenue of $488.40 million during the quarter, compared to the consensus estimate of $549.40 million. SunCoke Energy had a net margin of 2.97% and a return on equity of 9.48%. The business’s revenue was up .1% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.19 earnings per share. On average, sell-side analysts forecast that SunCoke Energy, Inc. will post 0.9 EPS for the current year.

SunCoke Energy Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, June 3rd. Investors of record on Wednesday, May 15th were issued a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 4.17%. The ex-dividend date of this dividend was Tuesday, May 14th. SunCoke Energy’s dividend payout ratio (DPR) is presently 56.34%.

Insider Activity at SunCoke Energy

In related news, CTO John F. Quanci sold 4,532 shares of the company’s stock in a transaction on Friday, May 24th. The shares were sold at an average price of $10.67, for a total transaction of $48,356.44. Following the sale, the chief technology officer now owns 19,922 shares of the company’s stock, valued at $212,567.74. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 1.73% of the stock is owned by insiders.

SunCoke Energy Company 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.