SunCoke Energy, Inc. (SXC) Shares Sold by Alta Fundamental Advisers LLC
Alta Fundamental Advisers LLC reduced its stake in SunCoke Energy, Inc. (NYSE:SXC) by 21.8% in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 447,998 shares of the energy company’s stock after selling 125,000 shares during the quarter. SunCoke Energy makes up 4.2% of Alta Fundamental Advisers LLC’s investment portfolio, making the stock its 9th largest holding. Alta Fundamental Advisers LLC owned 0.70% of SunCoke Energy worth $4,883,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. IHT Wealth Management LLC purchased a new stake in SunCoke Energy in the 2nd quarter valued at $831,000. Advisor Partners LLC increased its position in shares of SunCoke Energy by 0.3% during the 2nd quarter. Advisor Partners LLC now owns 11,765 shares of the energy company’s stock valued at $128,000 after purchasing an additional 41 shares during the last quarter. State of Alaska Department of Revenue increased its position in shares of SunCoke Energy by 78.5% during the 2nd quarter. State of Alaska Department of Revenue now owns 12,693 shares of the energy company’s stock valued at $138,000 after purchasing an additional 5,583 shares during the last quarter. Two Sigma Securities LLC purchased a new stake in shares of SunCoke Energy during the 1st quarter valued at $121,000. Finally, Mason Street Advisors LLC increased its position in shares of SunCoke Energy by 6.9% during the 1st quarter. Mason Street Advisors LLC now owns 15,007 shares of the energy company’s stock valued at $134,000 after purchasing an additional 975 shares during the last quarter. 90.24% of the stock is owned by institutional investors and hedge funds.
In other SunCoke Energy news, major shareholder Mangrove Partners Fund (Cayman sold 86,605 shares of the company’s stock in a transaction dated Monday, July 10th. The stock was sold at an average price of $11.00, for a total value of $952,655.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director James E. Sweetnam sold 11,715 shares of the company’s stock in a transaction dated Friday, September 8th. The stock was sold at an average price of $9.09, for a total value of $106,489.35. Following the completion of the sale, the director now owns 20,000 shares of the company’s stock, valued at approximately $181,800. The disclosure for this sale can be found here. In the last quarter, insiders have sold 118,320 shares of company stock valued at $1,234,344. 3.85% of the stock is owned by company insiders.
Shares of SunCoke Energy, Inc. (NYSE:SXC) traded down 3.18% during midday trading on Friday, hitting $9.43. The stock had a trading volume of 359,131 shares. The stock’s market cap is $606.62 million. The stock’s 50-day moving average is $9.07 and its 200-day moving average is $9.26. SunCoke Energy, Inc. has a 12 month low of $7.23 and a 12 month high of $13.14.
SunCoke Energy (NYSE:SXC) last posted its quarterly earnings data on Thursday, July 27th. The energy company reported ($0.07) EPS for the quarter, beating analysts’ consensus estimates of ($0.14) by $0.07. The company had revenue of $323.20 million during the quarter, compared to analysts’ expectations of $347.90 million. SunCoke Energy had a positive return on equity of 3.27% and a negative net margin of 0.01%. SunCoke Energy’s revenue for the quarter was up 10.4% compared to the same quarter last year. During the same quarter in the prior year, the business earned ($0.07) earnings per share. Equities analysts anticipate that SunCoke Energy, Inc. will post ($0.34) EPS for the current year.
Several brokerages have recently issued reports on SXC. TheStreet lowered SunCoke Energy from a “c-” rating to a “d+” rating in a research report on Friday, August 4th. BidaskClub lowered SunCoke Energy from a “hold” rating to a “sell” rating in a research report on Friday, July 28th. Finally, Zacks Investment Research lowered SunCoke Energy from a “hold” rating to a “sell” rating in a research report on Friday, August 4th.
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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