SunCoke Energy Inc (NYSE:SXC) major shareholder Mangrove Partners Fund (Cayman sold 284,484 shares of the business’s stock in a transaction on Thursday, March 16th. The shares were sold at an average price of $10.11, for a total transaction of $2,876,133.24. The sale was disclosed in a document filed with the SEC, which is available through this link. Major shareholders that own 10% or more of a company’s shares are required to disclose their sales and purchases with the SEC.

Mangrove Partners Fund (Cayman also recently made the following trade(s):

  • On Thursday, March 2nd, Mangrove Partners Fund (Cayman sold 100,500 shares of SunCoke Energy stock. The shares were sold at an average price of $10.06, for a total transaction of $1,011,030.00.
  • On Wednesday, February 22nd, Mangrove Partners Fund (Cayman sold 168,579 shares of SunCoke Energy stock. The shares were sold at an average price of $10.03, for a total transaction of $1,690,847.37.
  • On Friday, February 17th, Mangrove Partners Fund (Cayman sold 59,667 shares of SunCoke Energy stock. The shares were sold at an average price of $10.00, for a total transaction of $596,670.00.
  • On Thursday, February 16th, Mangrove Partners Fund (Cayman sold 52,438 shares of SunCoke Energy stock. The shares were sold at an average price of $10.00, for a total transaction of $524,380.00.

SunCoke Energy Inc (NYSE:SXC) opened at 8.93 on Tuesday. The stock’s 50 day moving average is $9.43 and its 200 day moving average is $9.76. SunCoke Energy Inc has a 12-month low of $5.14 and a 12-month high of $13.14. The stock has a market capitalization of $573.57 million, a PE ratio of 40.59 and a beta of 1.22.

SunCoke Energy (NYSE:SXC) last released its quarterly earnings results on Thursday, January 26th. The company reported $0.26 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.30 by $0.04. SunCoke Energy had a net margin of 1.18% and a return on equity of 3.51%. The company had revenue of $325.60 million for the quarter, compared to the consensus estimate of $456.90 million. During the same period last year, the company earned $0.30 earnings per share. SunCoke Energy’s revenue for the quarter was down 7.9% compared to the same quarter last year. Analysts forecast that SunCoke Energy Inc will post ($0.01) EPS for the current year.

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Several hedge funds have recently added to or reduced their stakes in the stock. Public Employees Retirement System of Ohio boosted its stake in SunCoke Energy by 23.5% in the second quarter. Public Employees Retirement System of Ohio now owns 17,992 shares of the company’s stock valued at $105,000 after buying an additional 3,427 shares during the period. Municipal Employees Retirement System of Michigan boosted its stake in SunCoke Energy by 1.7% in the third quarter. Municipal Employees Retirement System of Michigan now owns 14,190 shares of the company’s stock valued at $114,000 after buying an additional 240 shares during the period. Eqis Capital Management Inc. boosted its stake in SunCoke Energy by 1.5% in the third quarter. Eqis Capital Management Inc. now owns 15,063 shares of the company’s stock valued at $121,000 after buying an additional 224 shares during the period. Smith Asset Management Group LP boosted its stake in SunCoke Energy by 2.7% in the third quarter. Smith Asset Management Group LP now owns 16,150 shares of the company’s stock valued at $130,000 after buying an additional 420 shares during the period. Finally, Acrospire Investment Management LLC boosted its stake in SunCoke Energy by 28.3% in the third quarter. Acrospire Investment Management LLC now owns 16,794 shares of the company’s stock valued at $135,000 after buying an additional 3,700 shares during the period. 86.04% of the stock is currently owned by institutional investors and hedge funds.

Separately, Zacks Investment Research downgraded shares of SunCoke Energy from a “hold” rating to a “sell” rating in a research note on Tuesday, January 31st.

About SunCoke Energy

SunCoke Energy, Inc is a producer of coke in the Americas. The Company’s segments include Domestic Coke, Brazil Coke, Coal Logistics, and Corporate and Other. The Domestic Coke segment consists of its Jewell Coke Company, L.P. (Jewell), Indiana Harbor Coke Company (Indiana Harbor), Haverhill Coke Company LLC (Haverhill), Gateway Energy and Coke Company, LLC (Granite City) and Middletown Coke Company, LLC (Middletown) cokemaking and heat recovery operations.

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