SunCoke Energy, Inc. $SXC Shares Sold by Quantinno Capital Management LP

Quantinno Capital Management LP cut its stake in SunCoke Energy, Inc. (NYSE:SXC) by 40.0% in the 1st quarter, HoldingsChannel reports. The fund owned 98,540 shares of the energy company’s stock after selling 65,580 shares during the period. Quantinno Capital Management LP’s holdings in SunCoke Energy were worth $641,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of the company. Gendell Jeffrey L grew its stake in shares of SunCoke Energy by 82.3% in the 4th quarter. Gendell Jeffrey L now owns 1,472,040 shares of the energy company’s stock worth $10,599,000 after purchasing an additional 664,528 shares during the last quarter. Invesco Ltd. raised its stake in SunCoke Energy by 72.0% during the 2nd quarter. Invesco Ltd. now owns 1,445,764 shares of the energy company’s stock valued at $12,419,000 after purchasing an additional 605,366 shares during the period. Federated Hermes Inc. raised its position in SunCoke Energy by 65.5% during the fourth quarter. Federated Hermes Inc. now owns 1,422,356 shares of the energy company’s stock valued at $10,241,000 after buying an additional 562,739 shares during the period. Charles Schwab Investment Management Inc. lifted its position in shares of SunCoke Energy by 30.5% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 2,153,408 shares of the energy company’s stock worth $15,505,000 after purchasing an additional 503,500 shares in the last quarter. Finally, Balyasny Asset Management L.P. lifted its position in SunCoke Energy by 119.5% in the 4th quarter. Balyasny Asset Management L.P. now owns 759,682 shares of the energy company’s stock worth $5,470,000 after buying an additional 413,579 shares in the last quarter. Institutional investors own 90.45% of the company’s stock.

SunCoke Energy Stock Performance

NYSE:SXC opened at $9.44 on Thursday. The company has a quick ratio of 1.37, a current ratio of 2.25 and a debt-to-equity ratio of 1.07. The firm has a market capitalization of $800.84 million, a PE ratio of -14.74 and a beta of 0.98. SunCoke Energy, Inc. has a 12-month low of $5.51 and a 12-month high of $9.92. The firm has a 50-day moving average price of $8.72 and a 200 day moving average price of $7.70.

SunCoke Energy (NYSE:SXC) last announced its quarterly earnings results on Thursday, July 30th. The energy company reported $0.15 EPS for the quarter, beating the consensus estimate of $0.08 by $0.07. SunCoke Energy had a positive return on equity of 6.37% and a negative net margin of 2.88%.The business had revenue of $475.30 million for the quarter, compared to analyst estimates of $445.20 million. During the same quarter in the previous year, the firm earned $0.02 EPS. SunCoke Energy’s quarterly revenue was up 9.5% on a year-over-year basis. Research analysts anticipate that SunCoke Energy, Inc. will post 0.32 earnings per share for the current fiscal year.

SunCoke Energy Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 2nd. Investors of record on Monday, August 17th will be issued a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a yield of 5.1%. The ex-dividend date of this dividend is Monday, August 17th. SunCoke Energy’s dividend payout ratio (DPR) is currently -75.00%.

Analysts Set New Price Targets

SXC has been the subject of several research reports. Weiss Ratings upgraded SunCoke Energy from a “sell (d)” rating to a “sell (d+)” rating in a report on Thursday, June 11th. Wall Street Zen raised SunCoke Energy from a “hold” rating to a “buy” rating in a research report on Saturday, August 8th. One analyst has rated the stock with a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, SunCoke Energy presently has a consensus rating of “Reduce” and an average price target 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.