SG Americas Securities LLC Decreases Stake in SunCoke Energy, Inc. (NYSE:SXC)

SG Americas Securities LLC cut its holdings in shares of SunCoke Energy, Inc. (NYSE:SXC) by 66.4% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 25,775 shares of the energy company’s stock after selling 51,047 shares during the quarter. SG Americas Securities LLC’s holdings in SunCoke Energy were worth $276,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. GAMMA Investing LLC raised its position in shares of SunCoke Energy by 71.3% in the fourth quarter. GAMMA Investing LLC now owns 4,156 shares of the energy company’s stock valued at $44,000 after purchasing an additional 1,730 shares during the period. nVerses Capital LLC raised its holdings in SunCoke Energy by 488.9% during the 3rd quarter. nVerses Capital LLC now owns 5,300 shares of the energy company’s stock valued at $46,000 after acquiring an additional 4,400 shares during the period. Optas LLC bought a new stake in SunCoke Energy during the 3rd quarter valued at $88,000. Algert Global LLC purchased a new stake in shares of SunCoke Energy during the second quarter worth $107,000. Finally, XTX Topco Ltd bought a new position in shares of SunCoke Energy in the third quarter worth $120,000. Institutional investors own 90.45% of the company’s stock.

Analysts Set New Price Targets

A number of research firms recently issued reports on SXC. StockNews.com upgraded SunCoke Energy from a “hold” rating to a “buy” rating in a research note on Wednesday, October 16th. Benchmark reiterated a “buy” rating and set a $13.00 price target on shares of SunCoke Energy in a research report on Tuesday, November 5th.

SunCoke Energy Stock Performance

NYSE SXC opened at $9.79 on Thursday. The company’s 50 day simple moving average is $10.85 and its two-hundred day simple moving average is $9.99. The stock has a market capitalization of $823.24 million, a PE ratio of 8.74 and a beta of 1.06. 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, Inc. has a 1 year low of $7.47 and a 1 year high of $12.82.

SunCoke Energy (NYSE:SXC) last issued its quarterly earnings data on Thursday, January 30th. The energy company reported $0.28 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.24 by $0.04. SunCoke Energy had a return on equity of 14.31% and a net margin of 4.95%. Analysts predict that SunCoke Energy, Inc. will post 0.71 earnings per share for the current fiscal year.

SunCoke Energy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 3rd. Stockholders of record on Monday, February 17th will be issued a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a dividend yield of 4.90%. The ex-dividend date of this dividend is Friday, February 14th. SunCoke Energy’s payout ratio is 42.86%.

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.