Swiss National Bank lowered its stake in SunCoke Energy Inc. (NYSE:SXC) by 5.2% during the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 107,250 shares of the company’s stock after selling 5,900 shares during the period. Swiss National Bank owned approximately 0.17% of SunCoke Energy worth $624,000 as of its most recent filing with the SEC.
Several other hedge funds and other institutional investors have also added to or reduced their stakes in the company. ClariVest Asset Management LLC boosted its position in SunCoke Energy by 42.0% in the second quarter. ClariVest Asset Management LLC now owns 229,740 shares of the company’s stock valued at $1,336,000 after buying an additional 67,959 shares in the last quarter. Strs Ohio boosted its position in SunCoke Energy by 253.9% in the second quarter. Strs Ohio now owns 113,600 shares of the company’s stock valued at $661,000 after buying an additional 81,500 shares in the last quarter. Louisiana State Employees Retirement System boosted its position in SunCoke Energy by 0.4% in the second quarter. Louisiana State Employees Retirement System now owns 28,400 shares of the company’s stock valued at $165,000 after buying an additional 100 shares in the last quarter. BNP Paribas Arbitrage SA boosted its position in SunCoke Energy by 110.7% in the second quarter. BNP Paribas Arbitrage SA now owns 19,770 shares of the company’s stock valued at $115,000 after buying an additional 10,386 shares in the last quarter. Finally, Magnetar Financial LLC acquired a new position in SunCoke Energy during the first quarter valued at about $645,000. 84.22% of the stock is owned by institutional investors and hedge funds.
SunCoke Energy Inc. (NYSE:SXC) traded down 3.915% during mid-day trading on Thursday, hitting $7.485. The stock had a trading volume of 214,232 shares. SunCoke Energy Inc. has a 12-month low of $2.05 and a 12-month high of $8.21. The firm’s market cap is $480.38 million. The company has a 50-day moving average of $7.12 and a 200-day moving average of $6.72.
SunCoke Energy (NYSE:SXC) last issued its earnings results on Thursday, July 28th. The company reported ($0.07) earnings per share for the quarter, missing the consensus estimate of ($0.02) by $0.05. The firm earned $292.70 million during the quarter, compared to analysts’ expectations of $286.20 million. SunCoke Energy had a positive return on equity of 0.95% and a negative net margin of 1.02%. The company’s quarterly revenue was down 15.9% compared to the same quarter last year. During the same period last year, the business posted ($0.04) earnings per share. Analysts expect that SunCoke Energy Inc. will post $0.06 earnings per share for the current year.
Separately, Zacks Investment Research cut SunCoke Energy from a “buy” rating to a “hold” rating in a research report on Tuesday, August 2nd. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of $10.50.
In related news, major shareholder Mangrove Partners Fund (Cayman acquired 215,517 shares of the business’s stock in a transaction on Monday, August 1st. The shares were bought at an average cost of $7.20 per share, with a total value of $1,551,722.40. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 3.27% of the stock is owned by company insiders.
About SunCoke Energy
SunCoke Energy, Inc is an independent producer of coke in the Americas. The Company also provides coal handling and/or mixing services at its Coal Logistics terminals. The Company’s segments include Domestic Coke, Brazil Coke, India Coke, Coal Logistics, and Corporate and Other. The Domestic Coke segment consists of its Jewell, Indiana Harbor, Haverhill, Granite City and Middletown cokemaking and heat recovery operations located in Vansant, Virginia; East Chicago, Indiana; Franklin Furnace, Ohio; Granite City, Illinois, and Middletown, Ohio, respectively.