SunCoke Energy, Inc. (NYSE:SXC) Position Increased by GSA Capital Partners LLP

GSA Capital Partners LLP raised its stake in SunCoke Energy, Inc. (NYSE:SXC) by 112.5% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 176,855 shares of the energy company’s stock after buying an additional 93,644 shares during the period. GSA Capital Partners LLP’s holdings in SunCoke Energy were worth $1,535,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently modified their holdings of SXC. nVerses Capital LLC boosted its position in shares of SunCoke Energy by 488.9% in the 3rd quarter. nVerses Capital LLC now owns 5,300 shares of the energy company’s stock valued at $46,000 after purchasing an additional 4,400 shares during the period. Innealta Capital LLC purchased a new position in shares of SunCoke Energy in the second quarter worth approximately $70,000. Optas LLC acquired a new stake in shares of SunCoke Energy during the third quarter valued at approximately $88,000. Algert Global LLC purchased a new stake in shares of SunCoke Energy in the 2nd quarter valued at approximately $107,000. Finally, Retirement Investment Advisors Inc. acquired a new position in SunCoke Energy in the 2nd quarter worth approximately $110,000. Institutional investors and hedge funds own 90.45% of the company’s stock.

Wall Street Analyst Weigh In

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

SunCoke Energy Stock Down 0.6 %

SXC stock opened at $12.57 on Wednesday. The company has a 50 day moving average of $8.95 and a two-hundred day moving average of $9.57. The company has a market cap of $1.06 billion, a price-to-earnings ratio of 12.57 and a beta of 1.02. SunCoke Energy, Inc. has a 12-month low of $7.47 and a 12-month high of $12.81. The company has a quick ratio of 1.27, a current ratio of 2.22 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 earnings per share for the quarter, topping the consensus estimate of $0.22 by $0.14. The company had revenue of $490.10 million for the quarter, compared to analyst estimates of $412.70 million. SunCoke Energy had a return on equity of 12.95% and a net margin of 4.37%. The business’s revenue was down 5.8% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.08 EPS. On average, equities analysts anticipate that SunCoke Energy, Inc. will post 1.14 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, December 2nd. Investors of record on Thursday, November 14th will be given a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a yield of 3.82%. The ex-dividend date of this dividend is Thursday, November 14th. SunCoke Energy’s payout ratio is presently 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.