State Street Corp raised its stake in SunCoke Energy Inc (NYSE:SXC) by 1.4% during the fourth quarter, Holdings Channel reports. The institutional investor owned 2,618,907 shares of the company’s stock after buying an additional 37,072 shares during the period. State Street Corp’s holdings in SunCoke Energy were worth $29,702,000 as of its most recent filing with the SEC.
Other large investors have also modified their holdings of the company. Eqis Capital Management Inc. boosted its stake in shares of SunCoke Energy by 1.5% in the third quarter. Eqis Capital Management Inc. now owns 15,063 shares of the company’s stock valued at $121,000 after buying an additional 224 shares in the last quarter. Bank of Montreal Can boosted its stake in shares of SunCoke Energy by 2,037.4% in the third quarter. Bank of Montreal Can now owns 17,676 shares of the company’s stock valued at $142,000 after buying an additional 16,849 shares in the last quarter. Wells Fargo & Company MN boosted its stake in shares of SunCoke Energy by 270.3% in the third quarter. Wells Fargo & Company MN now owns 118,680 shares of the company’s stock valued at $951,000 after buying an additional 86,626 shares in the last quarter. Aperio Group LLC boosted its stake in shares of SunCoke Energy by 27.7% in the third quarter. Aperio Group LLC now owns 21,399 shares of the company’s stock valued at $172,000 after buying an additional 4,643 shares in the last quarter. Finally, Smith Asset Management Group LP boosted its stake in shares of SunCoke Energy by 2.7% in the third quarter. Smith Asset Management Group LP now owns 16,150 shares of the company’s stock valued at $130,000 after buying an additional 420 shares in the last quarter. Institutional investors own 86.04% of the company’s stock.
Shares of SunCoke Energy Inc (NYSE:SXC) opened at 8.90 on Tuesday. The firm has a market cap of $571.64 million, a PE ratio of 40.45 and a beta of 1.22. The stock’s 50 day moving average is $9.36 and its 200 day moving average is $9.87. SunCoke Energy Inc has a 12 month low of $5.14 and a 12 month high of $13.14.
SunCoke Energy (NYSE:SXC) last announced its quarterly earnings data on Thursday, January 26th. The company reported $0.26 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.30 by $0.04. The firm had revenue of $325.60 million for the quarter, compared to analyst estimates of $456.90 million. SunCoke Energy had a return on equity of 3.51% and a net margin of 1.18%. The company’s quarterly revenue was down 7.9% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.30 earnings per share. Analysts forecast that SunCoke Energy Inc will post ($0.01) EPS for the current fiscal year.
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Separately, Zacks Investment Research cut shares of SunCoke Energy from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, December 28th.
In other news, major shareholder Mangrove Partners Fund (Cayman acquired 7,893 shares of SunCoke Energy stock in a transaction on Friday, March 24th. The shares were purchased at an average cost of $8.25 per share, for a total transaction of $65,117.25. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders have sold 665,868 shares of company stock worth $6,701,121 over the last quarter. Corporate insiders own 3.27% of the company’s stock.
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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