Mangrove Partners cut its holdings in shares of SunCoke Energy Inc (NYSE:SXC) by 51.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 3,115,439 shares of the energy company’s stock after selling 3,241,545 shares during the period. SunCoke Energy accounts for about 5.0% of Mangrove Partners’ holdings, making the stock its 9th biggest position. Mangrove Partners owned approximately 4.84% of SunCoke Energy worth $37,354,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also made changes to their positions in the company. BlackRock Inc. grew its position in shares of SunCoke Energy by 2.4% during the fourth quarter. BlackRock Inc. now owns 8,444,996 shares of the energy company’s stock worth $101,256,000 after acquiring an additional 193,985 shares during the last quarter. Boston Partners grew its position in shares of SunCoke Energy by 28.5% during the fourth quarter. Boston Partners now owns 4,594,984 shares of the energy company’s stock worth $55,094,000 after acquiring an additional 1,019,796 shares during the last quarter. Renaissance Technologies LLC grew its position in shares of SunCoke Energy by 18.8% during the fourth quarter. Renaissance Technologies LLC now owns 2,640,521 shares of the energy company’s stock worth $31,660,000 after acquiring an additional 418,561 shares during the last quarter. JPMorgan Chase & Co. grew its position in shares of SunCoke Energy by 81.3% during the third quarter. JPMorgan Chase & Co. now owns 1,711,619 shares of the energy company’s stock worth $15,353,000 after acquiring an additional 767,312 shares during the last quarter. Finally, Ameriprise Financial Inc. grew its position in shares of SunCoke Energy by 0.9% during the third quarter. Ameriprise Financial Inc. now owns 627,448 shares of the energy company’s stock worth $5,734,000 after acquiring an additional 5,334 shares during the last quarter. Institutional investors and hedge funds own 88.78% of the company’s stock.
A number of equities analysts recently weighed in on the stock. B. Riley lifted their price objective on shares of SunCoke Energy from $14.00 to $15.00 and gave the company a “buy” rating in a research report on Tuesday, March 6th. Clarkson Capital upgraded shares of SunCoke Energy from a “neutral” rating to a “buy” rating in a research report on Thursday, February 15th. Finally, Zacks Investment Research upgraded shares of SunCoke Energy from a “hold” rating to a “buy” rating and set a $11.00 price objective on the stock in a research report on Friday, February 9th. One equities research analyst has rated the stock with a sell rating and three have issued a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus price target of $13.00.
SunCoke Energy Inc (SXC) opened at $11.63 on Friday. SunCoke Energy Inc has a 1 year low of $7.66 and a 1 year high of $13.43. The company has a debt-to-equity ratio of 1.31, a current ratio of 1.74 and a quick ratio of 1.12. The firm has a market cap of $750.64, a price-to-earnings ratio of 6.22 and a beta of 1.14.
SunCoke Energy (NYSE:SXC) last posted its quarterly earnings data on Wednesday, January 31st. The energy company reported $0.14 earnings per share for the quarter, missing analysts’ consensus estimates of $0.16 by ($0.02). SunCoke Energy had a net margin of 9.19% and a return on equity of 3.13%. The firm had revenue of $359.60 million during the quarter, compared to analysts’ expectations of $353.60 million. During the same quarter last year, the business earned $0.26 earnings per share. The business’s quarterly revenue was up 10.4% on a year-over-year basis. equities analysts anticipate that SunCoke Energy Inc will post 0.26 earnings per share for the current year.
SunCoke Energy 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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