Jennison Associates LLC Increases Holdings in SunCoke Energy, Inc. $SXC

Jennison Associates LLC lifted its position in SunCoke Energy, Inc. (NYSE:SXC) by 13.1% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 160,313 shares of the energy company’s stock after purchasing an additional 18,519 shares during the quarter. Jennison Associates LLC owned about 0.19% of SunCoke Energy worth $1,377,000 as of its most recent SEC filing.

Several other institutional investors have also recently modified their holdings of the company. Y Intercept Hong Kong Ltd raised its stake in shares of SunCoke Energy by 575.2% in the second quarter. Y Intercept Hong Kong Ltd now owns 208,115 shares of the energy company’s stock worth $1,788,000 after purchasing an additional 177,293 shares during the last quarter. Envestnet Asset Management Inc. raised its stake in shares of SunCoke Energy by 3.1% in the second quarter. Envestnet Asset Management Inc. now owns 91,909 shares of the energy company’s stock worth $789,000 after purchasing an additional 2,757 shares during the last quarter. MQS Management LLC acquired a new stake in SunCoke Energy during the second quarter worth about $158,000. VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new stake in SunCoke Energy during the second quarter worth about $502,000. Finally, CWM LLC grew its holdings in SunCoke Energy by 260.0% during the second quarter. CWM LLC now owns 19,878 shares of the energy company’s stock worth $171,000 after acquiring an additional 14,356 shares during the period. 90.45% of the stock is currently owned by hedge funds and other institutional investors.

SunCoke Energy Stock Up 3.0%

Shares of SXC opened at $8.04 on Friday. The company has a current ratio of 2.61, a quick ratio of 1.45 and a debt-to-equity ratio of 0.70. SunCoke Energy, Inc. has a 12 month low of $7.18 and a 12 month high of $12.82. The stock’s 50 day moving average is $7.99 and its two-hundred day moving average is $8.27. The firm has a market cap of $680.29 million, a P/E ratio of 9.34 and a beta of 1.07.

SunCoke Energy (NYSE:SXC) last issued its quarterly earnings data on Wednesday, July 30th. The energy company reported $0.02 EPS for the quarter, missing the consensus estimate of $0.15 by ($0.13). SunCoke Energy had a net margin of 3.99% and a return on equity of 10.43%. The business had revenue of $434.10 million during the quarter, compared to analyst estimates of $348.05 million. During the same period in the previous year, the business posted $0.25 earnings per share. The firm’s revenue for the quarter was down 7.8% on a year-over-year basis. Analysts predict that SunCoke Energy, Inc. will post 0.71 earnings per share for the current fiscal year.

Analyst Ratings Changes

Separately, Weiss Ratings reaffirmed a “hold (c)” rating on shares of SunCoke Energy in a report on Wednesday, October 8th. One analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat, SunCoke Energy currently has an average rating of “Moderate Buy” and a consensus price target of $13.00.

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.