SunCoke Energy, Inc. $SXC Shares Purchased by LSV Asset Management

LSV Asset Management lifted its holdings in SunCoke Energy, Inc. (NYSE:SXC) by 14.5% in the 2nd quarter, Holdings Channel.com reports. The firm owned 3,427,707 shares of the energy company’s stock after purchasing an additional 433,395 shares during the quarter. LSV Asset Management’s holdings in SunCoke Energy were worth $29,444,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of SXC. Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its position in SunCoke Energy by 7.7% during the second quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 21,733 shares of the energy company’s stock worth $187,000 after purchasing an additional 1,547 shares in the last quarter. GAMMA Investing LLC raised its stake in shares of SunCoke Energy by 41.8% during the 2nd quarter. GAMMA Investing LLC now owns 5,330 shares of the energy company’s stock worth $46,000 after buying an additional 1,571 shares during the period. Allworth Financial LP lifted its position in shares of SunCoke Energy by 80.6% during the 2nd quarter. Allworth Financial LP now owns 3,629 shares of the energy company’s stock valued at $31,000 after buying an additional 1,620 shares in the last quarter. Quarry LP lifted its position in shares of SunCoke Energy by 16.5% during the 1st quarter. Quarry LP now owns 13,611 shares of the energy company’s stock valued at $125,000 after buying an additional 1,923 shares in the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in SunCoke Energy by 4.3% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 49,744 shares of the energy company’s stock valued at $458,000 after acquiring an additional 2,064 shares during the period. Institutional investors and hedge funds own 90.45% of the company’s stock.

Insiders Place Their Bets

In related news, Director Ratta Ralph M. Della, Jr. bought 7,288 shares of the company’s stock in a transaction on Thursday, November 6th. The stock was bought at an average cost of $6.86 per share, for a total transaction of $49,995.68. Following the acquisition, the director directly owned 86,293 shares in the company, valued at $591,969.98. This represents a 9.22% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Company insiders own 1.49% of the company’s stock.

SunCoke Energy Stock Performance

SXC opened at $6.39 on Wednesday. SunCoke Energy, Inc. has a twelve month low of $6.25 and a twelve month high of $12.82. The firm has a market capitalization of $540.59 million, a PE ratio of 7.42 and a beta of 1.08. The company has a current ratio of 2.61, a quick ratio of 1.45 and a debt-to-equity ratio of 0.70. The firm’s 50-day moving average price is $7.82 and its 200 day moving average price is $8.05.

SunCoke Energy (NYSE:SXC) last released its earnings results on Tuesday, November 4th. The energy company reported $0.26 earnings per share for the quarter, topping analysts’ consensus estimates of $0.14 by $0.12. The business had revenue of $487.00 million for the quarter, compared to analyst estimates of $349.30 million. SunCoke Energy had a net margin of 3.99% and a return on equity of 10.43%. The business’s revenue was down .6% on a year-over-year basis. During the same period last year, the company posted $0.36 EPS. As a group, sell-side analysts expect that SunCoke Energy, Inc. will post 0.71 EPS for the current fiscal year.

SunCoke Energy Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 1st. Investors of record on Monday, November 17th will be given a dividend of $0.12 per share. The ex-dividend date is Monday, November 17th. This represents a $0.48 dividend on an annualized basis and a yield of 7.5%. SunCoke Energy’s dividend payout ratio (DPR) is presently 63.16%.

Analysts Set New Price Targets

SXC has been the subject of a number of research analyst reports. B. Riley reduced their price objective on shares of SunCoke Energy from $11.00 to $10.00 and set a “neutral” rating for the company in a research report on Wednesday, November 12th. Weiss Ratings reissued a “hold (c)” rating on shares of SunCoke Energy in a research note on Wednesday, October 8th. Two research analysts have rated the stock with a Hold rating, Based on data from MarketBeat, the company has an average rating of “Hold” and an average target price of $10.00.

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.