Strs Ohio increased its holdings in shares of SunCoke Energy Inc (NYSE:SXC) by 7.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 74,400 shares of the energy company’s stock after buying an additional 4,900 shares during the quarter. Strs Ohio owned 0.11% of SunCoke Energy worth $636,000 as of its most recent SEC filing.
A number of other institutional investors have also modified their holdings of SXC. Renaissance Technologies LLC grew its holdings in shares of SunCoke Energy by 14.4% in the 3rd quarter. Renaissance Technologies LLC now owns 4,687,500 shares of the energy company’s stock valued at $54,469,000 after acquiring an additional 588,900 shares in the last quarter. Assenagon Asset Management S.A. bought a new position in shares of SunCoke Energy in the 3rd quarter valued at about $4,569,000. Acadian Asset Management LLC grew its holdings in shares of SunCoke Energy by 76.9% in the 3rd quarter. Acadian Asset Management LLC now owns 715,081 shares of the energy company’s stock valued at $8,312,000 after acquiring an additional 310,900 shares in the last quarter. BlackRock Inc. grew its holdings in shares of SunCoke Energy by 2.9% in the 3rd quarter. BlackRock Inc. now owns 9,481,393 shares of the energy company’s stock valued at $110,173,000 after acquiring an additional 265,976 shares in the last quarter. Finally, Crestline Management LP acquired a new stake in SunCoke Energy in the 3rd quarter valued at about $1,796,000. 88.23% of the stock is currently owned by institutional investors and hedge funds.
Several equities research analysts recently issued reports on the stock. Zacks Investment Research upgraded shares of SunCoke Energy from a “hold” rating to a “buy” rating and set a $11.00 target price for the company in a research note on Saturday, February 9th. ValuEngine upgraded shares of SunCoke Energy from a “sell” rating to a “hold” rating in a research report on Friday, January 25th. Finally, B. Riley reiterated a “buy” rating and issued a $14.00 price target on shares of SunCoke Energy in a research report on Friday, November 9th.
Shares of NYSE SXC traded up $0.26 during midday trading on Friday, reaching $9.87. The company’s stock had a trading volume of 443,802 shares, compared to its average volume of 562,078. The company has a current ratio of 1.96, a quick ratio of 1.31 and a debt-to-equity ratio of 1.22. SunCoke Energy Inc has a fifty-two week low of $7.63 and a fifty-two week high of $14.32. The company has a market cap of $639.06 million, a price-to-earnings ratio of 24.68 and a beta of 1.10.
SunCoke Energy (NYSE:SXC) last released its quarterly earnings results on Tuesday, February 5th. The energy company reported $0.03 earnings per share for the quarter, missing analysts’ consensus estimates of $0.05 by ($0.02). The business had revenue of $224.60 million during the quarter, compared to analyst estimates of $339.45 million. SunCoke Energy had a net margin of 1.81% and a return on equity of 3.89%. The firm’s quarterly revenue was down 4.6% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.65 earnings per share. On average, equities research analysts forecast that SunCoke Energy Inc will post 0.7 earnings per share for the current year.
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SunCoke Energy Company Profile
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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