Ancora Advisors LLC trimmed its holdings in shares of SunCoke Energy Inc (NYSE:SXC) by 2.9% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 545,985 shares of the energy company’s stock after selling 16,539 shares during the quarter. Ancora Advisors LLC owned 0.84% of SunCoke Energy worth $4,669,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other hedge funds have also made changes to their positions in SXC. Texas Permanent School Fund lifted its position in SunCoke Energy by 4.0% during the 4th quarter. Texas Permanent School Fund now owns 42,370 shares of the energy company’s stock worth $362,000 after acquiring an additional 1,643 shares during the period. Wedge Capital Management L L P NC lifted its position in SunCoke Energy by 8.7% during the 4th quarter. Wedge Capital Management L L P NC now owns 25,919 shares of the energy company’s stock worth $222,000 after acquiring an additional 2,080 shares during the period. Teachers Advisors LLC lifted its position in SunCoke Energy by 2.0% during the 3rd quarter. Teachers Advisors LLC now owns 126,173 shares of the energy company’s stock worth $1,466,000 after acquiring an additional 2,522 shares during the period. Victory Capital Management Inc. lifted its position in SunCoke Energy by 1.5% during the 4th quarter. Victory Capital Management Inc. now owns 172,534 shares of the energy company’s stock worth $1,475,000 after acquiring an additional 2,625 shares during the period. Finally, Smith Asset Management Group LP lifted its position in SunCoke Energy by 32.8% during the 4th quarter. Smith Asset Management Group LP now owns 12,667 shares of the energy company’s stock worth $108,000 after acquiring an additional 3,130 shares during the period. Hedge funds and other institutional investors own 89.80% of the company’s stock.
SXC has been the subject of a number of research reports. Zacks Investment Research raised SunCoke Energy from a “hold” rating to a “buy” rating and set a $11.00 price target for the company in a research report on Saturday, February 9th. ValuEngine cut SunCoke Energy from a “hold” rating to a “sell” rating in a research report on Friday, March 1st.
Shares of SXC stock opened at $8.77 on Friday. The stock has a market capitalization of $586.69 million, a PE ratio of 21.93 and a beta of 1.07. The company has a quick ratio of 1.31, a current ratio of 1.96 and a debt-to-equity ratio of 1.22. SunCoke Energy Inc has a 52-week low of $7.63 and a 52-week high of $14.32.
SunCoke Energy (NYSE:SXC) last issued its quarterly earnings data on Tuesday, February 5th. The energy company reported $0.03 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.05 by ($0.02). The company had revenue of $224.60 million during the quarter, compared to analyst estimates of $339.45 million. SunCoke Energy had a net margin of 1.81% and a return on equity of 3.89%. The business’s quarterly revenue was down 4.6% compared to the same quarter last year. During the same period last year, the firm earned $0.65 EPS. As a group, equities research analysts expect that SunCoke Energy Inc will post 0.7 earnings per share for the current fiscal year.
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SunCoke Energy Profile
SunCoke Energy, Inc operates as an independent producer of coke in the Americas. 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.
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