Yousif Capital Management LLC Lowers Stock Holdings in SunCoke Energy, Inc. (NYSE:SXC)

Yousif Capital Management LLC cut its stake in shares of SunCoke Energy, Inc. (NYSE:SXC) by 5.2% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 32,209 shares of the energy company’s stock after selling 1,764 shares during the period. Yousif Capital Management LLC’s holdings in SunCoke Energy were worth $345,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in SXC. GAMMA Investing LLC raised its stake in shares of SunCoke Energy by 71.3% during the fourth quarter. GAMMA Investing LLC now owns 4,156 shares of the energy company’s stock worth $44,000 after purchasing an additional 1,730 shares during the last quarter. nVerses Capital LLC raised its position in SunCoke Energy by 488.9% during the 3rd quarter. nVerses Capital LLC now owns 5,300 shares of the energy company’s stock worth $46,000 after buying an additional 4,400 shares during the last quarter. KBC Group NV lifted its stake in shares of SunCoke Energy by 61.1% in the 4th quarter. KBC Group NV now owns 6,082 shares of the energy company’s stock worth $65,000 after acquiring an additional 2,307 shares during the period. Optas LLC purchased a new stake in shares of SunCoke Energy in the third quarter valued at about $88,000. Finally, XTX Topco Ltd acquired a new position in shares of SunCoke Energy during the third quarter worth about $120,000. 90.45% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Separately, Benchmark restated a “buy” rating and issued a $13.00 price objective on shares of SunCoke Energy in a research report on Tuesday, November 5th.

SunCoke Energy Price Performance

SunCoke Energy stock opened at $9.62 on Tuesday. The company has a market cap of $808.53 million, a P/E ratio of 8.58 and a beta of 1.06. SunCoke Energy, Inc. has a one year low of $7.47 and a one year high of $12.82. The business has a fifty day moving average of $10.41 and a two-hundred day moving average of $9.92. The company has a debt-to-equity ratio of 0.71, a quick ratio of 1.27 and a current ratio of 2.22.

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

SunCoke Energy Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, March 3rd. Shareholders of record on Monday, February 17th will be given a dividend of $0.12 per share. The ex-dividend date of this dividend is Friday, February 14th. This represents a $0.48 dividend on an annualized basis and a yield of 4.99%. 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.