Acadian Asset Management LLC lifted its stake in shares of SunCoke Energy Inc (NYSE:SXC) by 76.9% in the 3rd quarter, Holdings Channel reports. The institutional investor owned 715,081 shares of the energy company’s stock after acquiring an additional 310,900 shares during the quarter. Acadian Asset Management LLC’s holdings in SunCoke Energy were worth $8,312,000 as of its most recent SEC filing.
Several other large investors also recently modified their holdings of SXC. Capital Fund Management S.A. purchased a new stake in shares of SunCoke Energy during the 2nd quarter worth approximately $143,000. Cubist Systematic Strategies LLC purchased a new stake in shares of SunCoke Energy during the 1st quarter worth approximately $175,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS purchased a new stake in shares of SunCoke Energy during the 2nd quarter worth approximately $183,000. Globeflex Capital L P lifted its position in shares of SunCoke Energy by 549.1% during the 2nd quarter. Globeflex Capital L P now owns 15,688 shares of the energy company’s stock worth $210,000 after buying an additional 13,271 shares during the last quarter. Finally, Hartford Investment Management Co. purchased a new stake in shares of SunCoke Energy during the 2nd quarter worth approximately $301,000. Institutional investors and hedge funds own 89.64% of the company’s stock.
Separately, Zacks Investment Research upgraded shares of SunCoke Energy from a “sell” rating to a “hold” rating in a research report on Friday, August 10th. One investment analyst has rated the stock with a hold rating and four have issued a buy rating to the company. The company has an average rating of “Buy” and a consensus price target of $13.00.
SXC stock opened at $11.63 on Tuesday. SunCoke Energy Inc has a 12 month low of $9.38 and a 12 month high of $14.32. The firm has a market capitalization of $734.90 million, a P/E ratio of 41.54 and a beta of 0.80. The company has a quick ratio of 1.13, a current ratio of 1.65 and a debt-to-equity ratio of 1.22.
SunCoke Energy (NYSE:SXC) last released its quarterly earnings results on Thursday, October 25th. The energy company reported $0.18 EPS for the quarter, beating the consensus estimate of $0.01 by $0.17. SunCoke Energy had a net margin of 10.99% and a return on equity of 5.00%. The firm had revenue of $364.50 million during the quarter, compared to the consensus estimate of $330.25 million. On average, equities research analysts forecast that SunCoke Energy Inc will post 0.38 earnings per share for the current fiscal year.
SunCoke Energy Company Profile
SunCoke Energy, Inc operates as an independent producer of coke in the Americas. The company operates through three segments: Domestic Coke, Brazil Coke, and Logistics. It offers metallurgical and thermal coal. The company also provides handling and/or mixing services to steel, coke, electric utility, coal producing, and other manufacturing based customers.
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