Y Intercept Hong Kong Ltd Has $689,000 Position in SunCoke Energy, Inc. $SXC

Y Intercept Hong Kong Ltd lifted its holdings in shares of SunCoke Energy, Inc. (NYSE:SXC) by 676.8% during the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 105,904 shares of the energy company’s stock after purchasing an additional 92,271 shares during the period. Y Intercept Hong Kong Ltd owned 0.12% of SunCoke Energy worth $689,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in SXC. EverSource Wealth Advisors LLC lifted its position in SunCoke Energy by 544.8% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 2,992 shares of the energy company’s stock worth $26,000 after buying an additional 2,528 shares in the last quarter. Farther Finance Advisors LLC increased its position in SunCoke Energy by 69.4% in the 4th quarter. Farther Finance Advisors LLC now owns 3,831 shares of the energy company’s stock valued at $28,000 after acquiring an additional 1,569 shares in the last quarter. Signaturefd LLC increased its position in SunCoke Energy by 44.9% in the 4th quarter. Signaturefd LLC now owns 4,256 shares of the energy company’s stock valued at $31,000 after acquiring an additional 1,318 shares in the last quarter. Tower Research Capital LLC TRC raised its stake in shares of SunCoke Energy by 176.2% in the second quarter. Tower Research Capital LLC TRC now owns 5,615 shares of the energy company’s stock worth $48,000 after acquiring an additional 3,582 shares during the last quarter. Finally, RPO LLC bought a new position in shares of SunCoke Energy in the fourth quarter worth about $73,000. 90.45% of the stock is currently owned by institutional investors and hedge funds.

SunCoke Energy Trading Up 2.5%

SXC stock opened at $8.43 on Tuesday. The company has a market cap of $714.86 million, a P/E ratio of -10.94 and a beta of 0.99. SunCoke Energy, Inc. has a twelve month low of $5.51 and a twelve month high of $9.73. The company has a quick ratio of 1.31, a current ratio of 2.23 and a debt-to-equity ratio of 1.09. The business has a fifty day moving average of $8.38 and a 200-day moving average of $7.46.

SunCoke Energy (NYSE:SXC) last issued its quarterly earnings results on Thursday, April 30th. The energy company reported ($0.05) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.08 by ($0.13). The firm had revenue of $455.10 million for the quarter, compared to analyst estimates of $416.15 million. SunCoke Energy had a negative net margin of 3.55% and a positive return on equity of 4.47%. The company’s revenue was up 4.4% compared to the same quarter last year. During the same period last year, the company earned $0.20 EPS. As a group, equities research analysts expect that SunCoke Energy, Inc. will post 0.2 EPS for the current year.

SunCoke Energy Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 2nd. Shareholders of record on Friday, May 15th were given a dividend of $0.12 per share. The ex-dividend date was Friday, May 15th. This represents a $0.48 dividend on an annualized basis and a yield of 5.7%. SunCoke Energy’s dividend payout ratio is presently -62.34%.

Wall Street Analyst Weigh In

Separately, Weiss Ratings raised shares of SunCoke Energy from a “sell (d)” rating to a “sell (d+)” rating in a research note on Thursday, June 11th. One research analyst has rated the stock with a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, SunCoke Energy has an average rating of “Reduce” and a consensus target price of $9.00.

SunCoke Energy Company Profile

SunCoke Energy, Inc is a leading independent producer of metallurgical coke and related products for the steel and foundry industries. The company specializes in manufacturing both blast furnace coke and foundry coke, offering high‐quality, low‐sulfur coal products that serve as essential inputs in steelmaking and metal casting processes. In addition to coke production, SunCoke provides comprehensive engineering, maintenance and environmental solutions tailored to the needs of integrated steel mills and foundries.

The company operates a network of coke production facilities across the United States, including plants in Indiana, Ohio, West Virginia and Louisiana.