625,834 Shares in SunCoke Energy, Inc. $SXC Bought by Readystate Asset Management LP

Readystate Asset Management LP acquired a new position in SunCoke Energy, Inc. (NYSE:SXC) in the second quarter, Holdings Channel.com reports. The firm acquired 625,834 shares of the energy company’s stock, valued at approximately $5,038,000.

Several other institutional investors have also recently modified their holdings of SXC. Royal Bank of Canada boosted its stake in SunCoke Energy by 13.8% in the first quarter. Royal Bank of Canada now owns 35,957 shares of the energy company’s stock worth $330,000 after buying an additional 4,358 shares in the last quarter. AQR Capital Management LLC lifted its holdings in shares of SunCoke Energy by 86.3% in the 1st quarter. AQR Capital Management LLC now owns 366,537 shares of the energy company’s stock worth $3,372,000 after acquiring an additional 169,813 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in shares of SunCoke Energy by 4.3% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 49,744 shares of the energy company’s stock valued at $458,000 after purchasing an additional 2,064 shares in the last quarter. Dynamic Technology Lab Private Ltd grew its holdings in shares of SunCoke Energy by 70.7% during the 1st quarter. Dynamic Technology Lab Private Ltd now owns 27,962 shares of the energy company’s stock valued at $257,000 after purchasing an additional 11,580 shares during the last quarter. Finally, Hsbc Holdings PLC grew its holdings in shares of SunCoke Energy by 126.3% during the 2nd quarter. Hsbc Holdings PLC now owns 49,633 shares of the energy company’s stock valued at $424,000 after purchasing an additional 27,696 shares during the last quarter. 90.45% of the stock is currently owned by institutional investors.

SunCoke Energy Trading Down 0.1%

Shares of SXC opened at $10.32 on Monday. SunCoke Energy, Inc. has a 1-year low of $5.51 and a 1-year high of $10.68. The company has a current ratio of 2.25, a quick ratio of 1.37 and a debt-to-equity ratio of 1.07. The firm’s 50-day moving average price is $9.03 and its 200-day moving average price is $7.86. The firm has a market capitalization of $875.96 million, a price-to-earnings ratio of -16.12 and a beta of 1.02.

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

SunCoke Energy Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, September 2nd. Investors of record on Monday, August 17th were paid a $0.12 dividend. This represents a $0.48 annualized dividend and a dividend yield of 4.7%. The ex-dividend date was Monday, August 17th. SunCoke Energy’s dividend payout ratio (DPR) is presently -75.00%.

Analyst Ratings Changes

Several research firms have issued reports on SXC. Weiss Ratings upgraded shares of SunCoke Energy from a “sell (d)” rating to a “sell (d+)” rating in a research report on Thursday, June 11th. Wall Street Zen raised SunCoke Energy from a “hold” rating to a “buy” rating in a research note on Saturday, August 8th. One equities research analyst has rated the stock with a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, SunCoke Energy has an average rating of “Reduce” and an average price target of $9.00.

About SunCoke Energy

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.