Oppenheimer Asset Management Inc. Increases Stock Holdings in SunCoke Energy Inc (NYSE:SXC)
Oppenheimer Asset Management Inc. raised its stake in SunCoke Energy Inc (NYSE:SXC) by 117.1% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 23,827 shares of the energy company’s stock after purchasing an additional 12,852 shares during the quarter. Oppenheimer Asset Management Inc.’s holdings in SunCoke Energy were worth $212,000 at the end of the most recent reporting period.
Several other hedge funds also recently made changes to their positions in the business. Trexquant Investment LP purchased a new position in shares of SunCoke Energy in the 2nd quarter valued at approximately $140,000. Bank of Montreal Can boosted its stake in shares of SunCoke Energy by 41.8% in the second quarter. Bank of Montreal Can now owns 9,249 shares of the energy company’s stock valued at $81,000 after buying an additional 2,728 shares in the last quarter. Fortem Financial Group LLC purchased a new stake in shares of SunCoke Energy in the second quarter valued at approximately $127,000. Russell Investments Group Ltd. boosted its stake in shares of SunCoke Energy by 115.3% in the second quarter. Russell Investments Group Ltd. now owns 732,330 shares of the energy company’s stock valued at $6,501,000 after buying an additional 392,170 shares in the last quarter. Finally, Menta Capital LLC purchased a new stake in shares of SunCoke Energy in the second quarter valued at approximately $1,647,000. Institutional investors own 81.55% of the company’s stock.
A number of research firms recently weighed in on SXC. ValuEngine upgraded SunCoke Energy from a “strong sell” rating to a “sell” rating in a research note on Thursday, August 1st. Zacks Investment Research downgraded SunCoke Energy from a “hold” rating to a “sell” rating in a research note on Wednesday.
Shares of SunCoke Energy stock traded up $0.22 during trading on Friday, reaching $7.27. The company’s stock had a trading volume of 22,953 shares, compared to its average volume of 845,228. The company has a quick ratio of 1.00, a current ratio of 1.84 and a debt-to-equity ratio of 1.15. SunCoke Energy Inc has a 12-month low of $5.81 and a 12-month high of $12.04. The company has a market capitalization of $634.81 million, a P/E ratio of 18.10 and a beta of 1.30. The business has a 50 day moving average price of $6.76 and a 200-day moving average price of $8.08.
SunCoke Energy (NYSE:SXC) last issued its quarterly earnings data on Tuesday, July 30th. The energy company reported $0.03 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.20 by ($0.17). The firm had revenue of $407.50 million for the quarter, compared to analyst estimates of $369.30 million. SunCoke Energy had a return on equity of 3.66% and a net margin of 1.66%. The business’s revenue for the quarter was up 11.0% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.06 earnings per share. Research analysts predict that SunCoke Energy Inc will post 0.62 EPS for the current fiscal year.
About SunCoke Energy
SunCoke Energy, Inc operates as an independent producer of coke in the Americas. 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.
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