Eaton Vance Management continued to hold its stake in SunCoke Energy Inc. (NYSE:SXC) during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 25,204 shares of the company’s stock at the end of the second quarter. Eaton Vance Management’s holdings in SunCoke Energy were worth $147,000 as of its most recent SEC filing.
Other large investors have also recently bought and sold shares of the company. Los Angeles Capital Management & Equity Research Inc. acquired a new position in SunCoke Energy during the first quarter worth $103,000. Prudential Financial Inc. increased its position in SunCoke Energy by 2.5% in the first quarter. Prudential Financial Inc. now owns 152,910 shares of the company’s stock valued at $994,000 after buying an additional 3,800 shares during the period. JPMorgan Chase & Co. increased its position in SunCoke Energy by 8.5% in the first quarter. JPMorgan Chase & Co. now owns 141,461 shares of the company’s stock valued at $919,000 after buying an additional 11,140 shares during the period. Advisor Partners LLC increased its position in SunCoke Energy by 44.5% in the first quarter. Advisor Partners LLC now owns 19,277 shares of the company’s stock valued at $125,000 after buying an additional 5,937 shares during the period. Finally, Menta Capital LLC increased its position in SunCoke Energy by 40.0% in the first quarter. Menta Capital LLC now owns 95,334 shares of the company’s stock valued at $620,000 after buying an additional 27,254 shares during the period. Institutional investors own 84.22% of the company’s stock.
SunCoke Energy Inc. (NYSE:SXC) traded up 0.75% on Tuesday, reaching $8.01. 60,163 shares of the company traded hands. The company has a 50-day moving average price of $6.95 and a 200-day moving average price of $6.64. SunCoke Energy Inc. has a 12 month low of $2.05 and a 12 month high of $10.09. The company’s market capitalization is $514.07 million.
SunCoke Energy (NYSE:SXC) last announced its quarterly earnings data on Thursday, July 28th. The company reported ($0.07) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.02) by $0.05. The company had revenue of $292.70 million for the quarter, compared to analyst estimates of $286.20 million. SunCoke Energy had a positive return on equity of 0.95% and a negative net margin of 1.02%. SunCoke Energy’s revenue was down 15.9% on a year-over-year basis. During the same period in the prior year, the business earned ($0.04) earnings per share. Equities research analysts expect that SunCoke Energy Inc. will post $0.06 EPS for the current year.
Separately, Zacks Investment Research raised shares of SunCoke Energy from a “hold” rating to a “buy” rating and set a $8.00 target price for the company in a report on Tuesday, July 19th. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of $10.50.
In related news, major shareholder Mangrove Partners Fund (Cayman acquired 215,517 shares of the firm’s stock in a transaction on Monday, August 1st. The stock was bought at an average cost of $7.20 per share, with a total value of $1,551,722.40. The acquisition was disclosed in a document filed with the SEC, which is available through this link. Company insiders own 3.27% of the company’s stock.
SunCoke Energy Company Profile
SunCoke Energy, Inc is an independent producer of coke in the Americas. The Company also provides coal handling and/or mixing services at its Coal Logistics terminals. The Company’s segments include Domestic Coke, Brazil Coke, India Coke, Coal Logistics, and Corporate and Other. The Domestic Coke segment consists of its Jewell, Indiana Harbor, Haverhill, Granite City and Middletown cokemaking and heat recovery operations located in Vansant, Virginia; East Chicago, Indiana; Franklin Furnace, Ohio; Granite City, Illinois, and Middletown, Ohio, respectively.
Want to see what other hedge funds are holding SXC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for SunCoke Energy Inc. (NYSE:SXC).
Receive News & Ratings for SunCoke Energy Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for SunCoke Energy Inc. and related companies with MarketBeat.com's FREE daily email newsletter.