Y Intercept Hong Kong Ltd Purchases 30,785 Shares of SunCoke Energy, Inc. (NYSE:SXC)

Y Intercept Hong Kong Ltd increased its position in shares of SunCoke Energy, Inc. (NYSE:SXC) by 90.3% in the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 64,867 shares of the energy company’s stock after buying an additional 30,785 shares during the quarter. Y Intercept Hong Kong Ltd’s holdings in SunCoke Energy were worth $563,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of SXC. State Street Corp boosted its holdings in 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. Pacer Advisors Inc. grew its holdings in SunCoke Energy by 3.1% in the 2nd 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. increased its position in SunCoke Energy by 13.2% in the 2nd quarter. American Century Companies Inc. now owns 2,512,292 shares of the energy company’s stock worth $24,620,000 after buying an additional 292,050 shares during the period. Federated Hermes Inc. lifted its holdings in shares of SunCoke Energy by 0.3% during the second quarter. Federated Hermes Inc. now owns 820,731 shares of the energy company’s stock worth $8,043,000 after buying an additional 2,335 shares during the last quarter. Finally, Jane Street Group LLC boosted its position in shares of SunCoke Energy by 450.3% in 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. 90.45% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

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

SunCoke Energy Price Performance

Shares of SXC stock opened at $11.91 on Friday. SunCoke Energy, Inc. has a 12 month low of $7.47 and a 12 month high of $12.82. The company has a market capitalization of $1.00 billion, a P/E ratio of 11.91 and a beta of 1.07. The stock has a 50 day moving average of $10.87 and a two-hundred day moving average of $9.89. The company has a current ratio of 2.22, a quick ratio of 1.27 and a debt-to-equity ratio of 0.71.

SunCoke Energy (NYSE:SXC) last issued its earnings results on Thursday, October 31st. The energy company reported $0.36 EPS for the quarter, topping the consensus estimate of $0.22 by $0.14. The firm had revenue of $490.10 million during the quarter, compared to analysts’ expectations of $412.70 million. SunCoke Energy had a return on equity of 12.95% and a net margin of 4.37%. SunCoke Energy’s quarterly revenue was down 5.8% compared to the same quarter last year. During the same period last year, the business earned $0.08 earnings per share. As a group, equities analysts expect that SunCoke Energy, Inc. will post 1.14 EPS for the current year.

SunCoke Energy Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, December 2nd. Investors of record on Thursday, November 14th were paid a $0.12 dividend. The ex-dividend date of this dividend was Thursday, November 14th. This represents a $0.48 dividend on an annualized basis and a yield of 4.03%. SunCoke Energy’s payout ratio is currently 48.00%.

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.