Emerald Acquisition Ltd. acquired a new position in shares of SunCoke Energy Inc. (NYSE:SXC) during the second quarter, Holdings Channel reports. The institutional investor acquired 95,700 shares of the company’s stock, valued at approximately $557,000. Emerald Acquisition Ltd. owned approximately 0.15% of SunCoke Energy as of its most recent filing with the SEC.
Other hedge funds and other institutional investors also recently bought and sold shares of the company. Jacobs Levy Equity Management Inc. bought a new position in SunCoke Energy during the first quarter worth $2,735,000. ClariVest Asset Management LLC raised its stake in shares of 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. Prudential Financial Inc. raised its stake in shares of SunCoke Energy by 2.5% in the first quarter. Prudential Financial Inc. now owns 152,910 shares of the company’s stock valued at $994,000 after buying an additional 3,800 shares in the last quarter. JPMorgan Chase & Co. raised its stake in shares of SunCoke Energy by 8.5% in the first quarter. JPMorgan Chase & Co. now owns 141,461 shares of the company’s stock valued at $919,000 after buying an additional 11,140 shares in the last quarter. Finally, Strs Ohio raised its stake in shares of 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. 84.21% of the stock is owned by institutional investors.
SunCoke Energy Inc. (NYSE:SXC) traded up 2.61% on Monday, reaching $7.47. The company had a trading volume of 70,661 shares. SunCoke Energy Inc. has a 12 month low of $2.05 and a 12 month high of $8.21. The company’s market capitalization is $479.42 million. The company’s 50 day moving average price is $7.16 and its 200-day moving average price is $6.73.
SunCoke Energy (NYSE:SXC) last announced its quarterly earnings data on Thursday, July 28th. The company reported ($0.07) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.02) by $0.05. SunCoke Energy had a positive return on equity of 0.95% and a negative net margin of 1.02%. The firm had revenue of $292.70 million for the quarter, compared to analyst estimates of $286.20 million. During the same period in the previous year, the business posted ($0.04) EPS. SunCoke Energy’s revenue for the quarter was down 15.9% compared to the same quarter last year. On average, equities analysts predict that SunCoke Energy Inc. will post $0.06 earnings per share for the current fiscal year.
Separately, Zacks Investment Research raised SunCoke Energy from a “hold” rating to a “buy” rating and set a $8.00 price target on the stock in a report on Tuesday, July 19th.
In other news, major shareholder Mangrove Partners Fund (Cayman acquired 215,517 shares of the firm’s stock in a transaction dated Monday, August 1st. The shares were bought at an average price of $7.20 per share, with a total value of $1,551,722.40. The acquisition was disclosed in a document filed with the SEC, which is available at this link. Insiders own 3.27% of the company’s stock.
SunCoke Energy Company Profile
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.