Exchange Traded Concepts LLC Decreases Position in SunCoke Energy, Inc. (NYSE:SXC)

Exchange Traded Concepts LLC lowered its position in SunCoke Energy, Inc. (NYSE:SXC) by 50.4% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 26,360 shares of the energy company’s stock after selling 26,775 shares during the quarter. Exchange Traded Concepts LLC’s holdings in SunCoke Energy were worth $229,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its stake in SunCoke Energy by 1.1% in the first quarter. Vanguard Group Inc. now owns 6,843,301 shares of the energy company’s stock valued at $77,124,000 after buying an additional 77,649 shares during the last quarter. Pacer Advisors Inc. lifted its stake in SunCoke Energy by 3.1% in the second quarter. Pacer Advisors Inc. now owns 4,708,272 shares of the energy company’s stock valued at $46,141,000 after buying an additional 139,971 shares during the last quarter. American Century Companies Inc. lifted its stake in SunCoke Energy by 13.2% in the second quarter. American Century Companies Inc. now owns 2,512,292 shares of the energy company’s stock valued at $24,620,000 after buying an additional 292,050 shares during the last quarter. LSV Asset Management lifted its stake in SunCoke Energy by 2.4% in the first quarter. LSV Asset Management now owns 2,099,317 shares of the energy company’s stock valued at $23,659,000 after buying an additional 49,800 shares during the last quarter. Finally, Bridgeway Capital Management LLC lifted its stake in SunCoke Energy by 2.1% in the first quarter. Bridgeway Capital Management LLC now owns 1,479,685 shares of the energy company’s stock valued at $16,676,000 after buying an additional 30,790 shares during the last quarter. Hedge funds and other institutional investors own 90.45% of the company’s stock.

Analysts Set New Price Targets

Separately, StockNews.com raised SunCoke Energy from a “hold” rating to a “buy” rating in a report on Wednesday, October 16th.

SunCoke Energy Trading Down 0.2 %

NYSE:SXC opened at $8.76 on Monday. The firm has a market cap of $736.50 million, a P/E ratio of 12.34 and a beta of 1.04. The company has a current ratio of 2.22, a quick ratio of 1.19 and a debt-to-equity ratio of 0.74. The stock’s 50 day simple moving average is $8.49 and its 200-day simple moving average is $9.66. SunCoke Energy, Inc. has a 12-month low of $7.47 and a 12-month high of $11.85.

SunCoke Energy (NYSE:SXC) last released its earnings results on Wednesday, July 31st. The energy company reported $0.25 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.22 by $0.03. The business had revenue of $470.90 million for the quarter, compared to analyst estimates of $410.35 million. SunCoke Energy had a return on equity of 9.56% and a net margin of 3.11%. The company’s revenue for the quarter was down 11.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.24 earnings per share. Equities analysts anticipate that SunCoke Energy, Inc. will post 0.94 EPS for the current year.

SunCoke Energy Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 3rd. Investors of record on Thursday, August 15th were issued a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a yield of 5.48%. The ex-dividend date was Thursday, August 15th. This is a positive change from SunCoke Energy’s previous quarterly dividend of $0.10. SunCoke Energy’s dividend payout ratio is currently 67.61%.

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.