Zacks Investment Research Lowers SunCoke Energy, Inc. (SXC) to Hold
Zacks Investment Research cut shares of SunCoke Energy, Inc. (NYSE:SXC) from a buy rating to a hold rating in a report issued on Thursday.
According to Zacks, “SunCoke Energy, Inc is a producer of metallurgical coke in the Americas. The Company acquires, owns, and operates the coke making and coal mining operations. Its coke making facilities are in the United States and Brazil. “
SunCoke Energy (SXC) opened at 10.55 on Thursday. The company’s 50-day moving average price is $10.18 and its 200-day moving average price is $9.60. The company has a market cap of $678.57 million, a PE ratio of 35.28 and a beta of 1.28. SunCoke Energy has a 12-month low of $6.28 and a 12-month high of $13.14.
SunCoke Energy (NYSE:SXC) last issued its quarterly earnings data on Thursday, April 20th. The energy company reported $0.02 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.10) by $0.12. SunCoke Energy had a net margin of 1.60% and a return on equity of 3.29%. The business had revenue of $309.70 million during the quarter, compared to the consensus estimate of $410.60 million. During the same period in the prior year, the firm posted ($0.06) EPS. The firm’s quarterly revenue was down .5% compared to the same quarter last year. Equities analysts anticipate that SunCoke Energy will post ($0.03) earnings per share for the current year.
In other SunCoke Energy news, major shareholder Mangrove Partners Master Fund, sold 41,131 shares of the company’s stock in a transaction dated Wednesday, July 5th. The shares were sold at an average price of $11.01, for a total value of $452,852.31. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, major shareholder Mangrove Partners Fund (Cayman sold 5,530 shares of the company’s stock in a transaction dated Friday, June 30th. The stock was sold at an average price of $11.00, for a total transaction of $60,830.00. The disclosure for this sale can be found here. Insiders sold a total of 850,551 shares of company stock valued at $9,415,508 over the last ninety days. 3.85% of the stock is currently owned by insiders.
Large investors have recently modified their holdings of the company. Advisor Partners LLC increased its position in SunCoke Energy by 3.1% in the first quarter. Advisor Partners LLC now owns 11,724 shares of the energy company’s stock worth $105,000 after buying an additional 356 shares in the last quarter. State of Alaska Department of Revenue increased its position in SunCoke Energy by 78.5% in the second quarter. State of Alaska Department of Revenue now owns 12,693 shares of the energy company’s stock worth $138,000 after buying an additional 5,583 shares in the last quarter. Two Sigma Securities LLC bought a new position in SunCoke Energy during the first quarter worth $121,000. Mason Street Advisors LLC increased its position in SunCoke Energy by 6.9% in the first quarter. Mason Street Advisors LLC now owns 15,007 shares of the energy company’s stock worth $134,000 after buying an additional 975 shares in the last quarter. Finally, Sterneck Capital Management LLC bought a new position in SunCoke Energy during the first quarter worth $148,000. 97.44% of the stock is owned by institutional investors and hedge funds.
SunCoke Energy Company Profile
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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