BNP Paribas Arbitrage SA boosted its position in SunCoke Energy Inc. (NYSE:SXC) by 110.7% during the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 19,770 shares of the company’s stock after buying an additional 10,386 shares during the period. BNP Paribas Arbitrage SA’s holdings in SunCoke Energy were worth $115,000 as of its most recent filing with the SEC.
Several other hedge funds have also recently modified their holdings of the company. Los Angeles Capital Management & Equity Research Inc. purchased a new stake in shares of SunCoke Energy during the first quarter worth about $103,000. Prudential Financial Inc. boosted 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 worth $994,000 after buying an additional 3,800 shares in the last quarter. JPMorgan Chase & Co. boosted 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 worth $919,000 after buying an additional 11,140 shares in the last quarter. Advisor Partners LLC boosted 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 worth $125,000 after buying an additional 5,937 shares in the last quarter. Finally, Menta Capital LLC boosted 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 worth $620,000 after buying an additional 27,254 shares in the last quarter. Institutional investors and hedge funds own 84.22% of the company’s stock.
Shares of SunCoke Energy Inc. (NYSE:SXC) traded up 5.53% during trading on Friday, hitting $8.02. The company’s stock had a trading volume of 470,846 shares. The firm’s 50 day moving average is $6.92 and its 200-day moving average is $6.62. SunCoke Energy Inc. has a 1-year low of $2.05 and a 1-year high of $10.09. The company’s market capitalization is $514.72 million.
SunCoke Energy (NYSE:SXC) last announced its quarterly earnings data on Thursday, July 28th. The company reported ($0.07) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.02) by $0.05. The business earned $292.70 million during the quarter, compared to analysts’ expectations of $286.20 million. SunCoke Energy had a positive return on equity of 0.95% and a negative net margin of 1.02%. The firm’s revenue was down 15.9% on a year-over-year basis. During the same period in the prior year, the company posted ($0.04) earnings per share. Analysts forecast that SunCoke Energy Inc. will post $0.06 EPS for the current fiscal year.
Separately, Zacks Investment Research upgraded SunCoke Energy from a “hold” rating to a “buy” rating and set a $8.00 price target for the company in a report on Tuesday, July 19th. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating and two have given a buy rating to the company. The company currently has an average rating of “Hold” and an average price target of $10.50.
In other SunCoke Energy news, major shareholder Mangrove Partners Fund (Cayman acquired 215,517 shares of SunCoke Energy stock in a transaction that occurred on Monday, August 1st. The stock was purchased at an average cost of $7.20 per share, with a total value of $1,551,722.40. The transaction was disclosed in a filing with the SEC, which is available at this link. 3.27% of the stock is owned by corporate insiders.
About SunCoke Energy
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.
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