SunCoke Energy, Inc. (NYSE:SXC) Stake Increased by Ritholtz Wealth Management

Ritholtz Wealth Management raised its holdings in shares of SunCoke Energy, Inc. (NYSE:SXC) by 25.5% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 59,462 shares of the energy company’s stock after purchasing an additional 12,075 shares during the period. Ritholtz Wealth Management owned about 0.07% of SunCoke Energy worth $636,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in SXC. State Street Corp boosted its holdings in shares of SunCoke Energy by 3.5% during the third quarter. State Street Corp now owns 4,848,334 shares of the energy company’s stock valued at $42,084,000 after acquiring an additional 163,839 shares during the period. Geode Capital Management LLC boosted its holdings in shares of SunCoke Energy by 2.1% during the third quarter. Geode Capital Management LLC now owns 1,984,605 shares of the energy company’s stock valued at $17,230,000 after acquiring an additional 40,801 shares during the period. JPMorgan Chase & Co. boosted its holdings in shares of SunCoke Energy by 28.9% during the third quarter. JPMorgan Chase & Co. now owns 852,051 shares of the energy company’s stock valued at $7,396,000 after acquiring an additional 191,235 shares during the period. Jane Street Group LLC boosted its holdings in shares of SunCoke Energy by 450.3% during the third quarter. Jane Street Group LLC now owns 665,054 shares of the energy company’s stock valued at $5,773,000 after acquiring an additional 544,194 shares during the period. Finally, Hotchkis & Wiley Capital Management LLC acquired a new position in shares of SunCoke Energy during the third quarter valued at $5,470,000. Institutional investors own 90.45% of the company’s stock.

SunCoke Energy Price Performance

NYSE SXC opened at $10.31 on Tuesday. The stock’s 50-day moving average price is $11.47 and its two-hundred day moving average price is $10.03. The company has a current ratio of 2.22, a quick ratio of 1.27 and a debt-to-equity ratio of 0.71. The company has a market cap of $866.55 million, a PE ratio of 10.31 and a beta of 1.08. SunCoke Energy, Inc. has a 1 year low of $7.47 and a 1 year high of $12.82.

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

SunCoke Energy Dividend Announcement

The business 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. The ex-dividend date was Thursday, November 14th. This represents a $0.48 dividend on an annualized basis and a yield of 4.66%. SunCoke Energy’s payout ratio is currently 48.00%.

Analyst Ratings Changes

Several equities research analysts recently weighed in on SXC shares. StockNews.com raised shares of SunCoke Energy from a “hold” rating to a “buy” rating in a report on Wednesday, October 16th. Benchmark reaffirmed a “buy” rating and issued a $13.00 price objective on shares of SunCoke Energy in a report on Tuesday, November 5th.

About SunCoke Energy

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.