Short Interest in SunCoke Energy, Inc. (SXC) Increases By 52.7%
SunCoke Energy, Inc. (NYSE:SXC) was the recipient of a large growth in short interest in the month of August. As of August 15th, there was short interest totalling 2,253,066 shares, a growth of 52.7% from the July 31st total of 1,475,081 shares. Currently, 3.5% of the shares of the company are sold short. Based on an average trading volume of 620,004 shares, the days-to-cover ratio is currently 3.6 days.
Several analysts have issued reports on SXC shares. Zacks Investment Research upgraded shares of SunCoke Energy from a “sell” rating to a “hold” rating in a research report on Saturday, August 19th. BidaskClub upgraded shares of SunCoke Energy from a “strong sell” rating to a “sell” rating in a research report on Friday, August 25th. Finally, TheStreet lowered shares of SunCoke Energy from a “c-” rating to a “d+” rating in a research report on Friday, August 4th.
In other SunCoke Energy news, major shareholder Mangrove Partners Fund (Cayman sold 5,530 shares of the firm’s stock in a transaction on Friday, June 30th. The shares were sold at an average price of $11.00, for a total value of $60,830.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, major shareholder Mangrove Partners Master Fund, sold 41,131 shares of the firm’s stock in a transaction on Wednesday, July 5th. The stock was sold at an average price of $11.01, for a total transaction of $452,852.31. The disclosure for this sale can be found here. Insiders sold a total of 850,551 shares of company stock worth $9,415,508 in the last quarter. Insiders own 3.85% of the company’s stock.
Several institutional investors and hedge funds have recently modified their holdings of SXC. Teachers Advisors LLC raised its position in shares of SunCoke Energy by 44.1% in the fourth quarter. Teachers Advisors LLC now owns 161,707 shares of the energy company’s stock valued at $1,834,000 after purchasing an additional 49,521 shares during the period. Louisiana State Employees Retirement System raised its position in shares of SunCoke Energy by 1.2% in the first quarter. Louisiana State Employees Retirement System now owns 26,100 shares of the energy company’s stock valued at $234,000 after purchasing an additional 300 shares during the period. Strs Ohio raised its position in shares of SunCoke Energy by 15.6% in the first quarter. Strs Ohio now owns 79,400 shares of the energy company’s stock valued at $711,000 after purchasing an additional 10,700 shares during the period. Russell Investments Group Ltd. raised its position in shares of SunCoke Energy by 37.8% in the first quarter. Russell Investments Group Ltd. now owns 443,968 shares of the energy company’s stock valued at $3,978,000 after purchasing an additional 121,774 shares during the period. Finally, Advisor Partners LLC raised its position in shares of SunCoke Energy by 3.1% in the first quarter. Advisor Partners LLC now owns 11,724 shares of the energy company’s stock valued at $105,000 after purchasing an additional 356 shares during the period. 90.24% of the stock is currently owned by institutional investors.
Shares of SunCoke Energy (NYSE SXC) opened at 9.61 on Tuesday. The firm’s market capitalization is $618.20 million. SunCoke Energy has a 52-week low of $6.36 and a 52-week high of $13.14. The firm has a 50-day moving average of $9.33 and a 200 day moving average of $9.34.
SunCoke Energy (NYSE:SXC) last issued its quarterly earnings data on Thursday, July 27th. The energy company reported ($0.07) earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.14) by $0.07. The company had revenue of $323.20 million for the quarter, compared to analyst estimates of $347.90 million. SunCoke Energy had a negative net margin of 0.01% and a positive return on equity of 3.27%. The company’s revenue was up 10.4% on a year-over-year basis. During the same period in the prior year, the firm earned ($0.07) earnings per share. Analysts predict that SunCoke Energy will post ($0.34) EPS for the current year.
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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