Mangrove Partners lessened its stake in SunCoke Energy, Inc. (NYSE:SXC) by 5.9% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,356,984 shares of the energy company’s stock after selling 400,844 shares during the period. SunCoke Energy accounts for approximately 10.0% of Mangrove Partners’ portfolio, making the stock its 2nd largest position. Mangrove Partners owned approximately 9.88% of SunCoke Energy worth $58,103,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in SXC. IHT Wealth Management LLC acquired a new stake in shares of SunCoke Energy during the second quarter worth about $831,000. Advisor Partners LLC boosted its stake in shares of SunCoke Energy by 0.3% during the second quarter. Advisor Partners LLC now owns 11,765 shares of the energy company’s stock worth $128,000 after buying an additional 41 shares during the period. Fox Run Management L.L.C. acquired a new stake in shares of SunCoke Energy during the third quarter worth about $124,000. Piedmont Investment Advisors LLC acquired a new stake in shares of SunCoke Energy during the second quarter worth about $152,000. Finally, Quantbot Technologies LP acquired a new stake in shares of SunCoke Energy during the third quarter worth about $142,000. Institutional investors own 90.96% of the company’s stock.
Several brokerages have recently weighed in on SXC. B. Riley reiterated a “buy” rating on shares of SunCoke Energy in a research note on Wednesday, November 1st. BidaskClub upgraded shares of SunCoke Energy from a “strong sell” rating to a “sell” rating in a research note on Friday, August 25th. Finally, Zacks Investment Research upgraded shares of SunCoke Energy from a “sell” rating to a “hold” rating in a research note on Saturday, August 19th.
In related news, Director James E. Sweetnam sold 20,000 shares of the stock in a transaction dated Tuesday, September 12th. The shares were sold at an average price of $8.76, for a total transaction of $175,200.00. Following the completion of the transaction, the director now directly owns 10,000 shares of the company’s stock, valued at $87,600. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Phillip Michael Hardesty sold 4,444 shares of the stock in a transaction dated Thursday, November 30th. The stock was sold at an average price of $11.37, for a total transaction of $50,528.28. Following the transaction, the insider now directly owns 70,161 shares of the company’s stock, valued at $797,730.57. The disclosure for this sale can be found here. Corporate insiders own 3.85% of the company’s stock.
SunCoke Energy, Inc. (SXC) traded up $0.07 during midday trading on Monday, reaching $11.10. 345,500 shares of the company traded hands, compared to its average volume of 684,101. The stock has a market capitalization of $714.35, a PE ratio of 28.46 and a beta of 1.31. SunCoke Energy, Inc. has a 52-week low of $7.66 and a 52-week high of $12.77. The company has a quick ratio of 1.04, a current ratio of 1.58 and a debt-to-equity ratio of 1.69.
SunCoke Energy (NYSE:SXC) last posted its quarterly earnings results on Thursday, October 26th. The energy company reported $0.18 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.08) by $0.26. The firm had revenue of $339.00 million during the quarter, compared to analysts’ expectations of $344.40 million. SunCoke Energy had a net margin of 0.42% and a return on equity of 4.60%. The firm’s revenue for the quarter was up 15.3% on a year-over-year basis. During the same period in the prior year, the company posted $0.10 earnings per share. equities research analysts predict that SunCoke Energy, Inc. will post -0.16 earnings per share for the current year.
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SunCoke Energy Company Profile
SunCoke Energy, Inc is a producer of coke in the Americas. The Company’s segments include Domestic Coke, Brazil Coke, Coal Logistics, and Corporate and Other. The Domestic Coke segment consists of its Jewell Coke Company, L.P. (Jewell), Indiana Harbor Coke Company (Indiana Harbor), Haverhill Coke Company LLC (Haverhill), Gateway Energy and Coke Company, LLC (Granite City) and Middletown Coke Company, LLC (Middletown) cokemaking and heat recovery operations.
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