Vanguard Group Inc. boosted its holdings in SunCoke Energy Inc (NYSE:SXC) by 2.0% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 5,248,666 shares of the energy company’s stock after buying an additional 100,879 shares during the period. Vanguard Group Inc. owned 8.11% of SunCoke Energy worth $60,989,000 at the end of the most recent reporting period.
Other large investors have also modified their holdings of the company. Legal & General Group Plc increased its holdings in SunCoke Energy by 8.8% during the 3rd quarter. Legal & General Group Plc now owns 139,568 shares of the energy company’s stock worth $1,622,000 after purchasing an additional 11,306 shares during the last quarter. AQR Capital Management LLC increased its holdings in SunCoke Energy by 2.8% during the 3rd quarter. AQR Capital Management LLC now owns 380,410 shares of the energy company’s stock worth $4,421,000 after purchasing an additional 10,512 shares during the last quarter. IndexIQ Advisors LLC increased its holdings in shares of SunCoke Energy by 4.4% in the 3rd quarter. IndexIQ Advisors LLC now owns 225,948 shares of the energy company’s stock valued at $2,626,000 after acquiring an additional 9,421 shares during the last quarter. HRT Financial LLC bought a new stake in shares of SunCoke Energy in the 3rd quarter valued at approximately $133,000. Finally, MetLife Investment Advisors LLC increased its holdings in shares of SunCoke Energy by 57.6% in the 3rd quarter. MetLife Investment Advisors LLC now owns 51,296 shares of the energy company’s stock valued at $596,000 after acquiring an additional 18,755 shares during the last quarter. 87.70% of the stock is currently owned by hedge funds and other institutional investors.
Shares of NYSE SXC opened at $10.11 on Wednesday. SunCoke Energy Inc has a twelve month low of $7.63 and a twelve month high of $14.32. The company has a quick ratio of 1.13, a current ratio of 1.65 and a debt-to-equity ratio of 1.22. The company has a market capitalization of $707.72 million, a PE ratio of 36.11 and a beta of 1.10.
SunCoke Energy (NYSE:SXC) last issued its quarterly earnings results on Tuesday, February 5th. The energy company reported $0.03 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.05 by ($0.02). SunCoke Energy had a net margin of 10.99% and a return on equity of 5.00%. The firm had revenue of $224.60 million during the quarter, compared to the consensus estimate of $339.45 million. During the same quarter last year, the firm posted $0.65 earnings per share. SunCoke Energy’s revenue was down 4.6% compared to the same quarter last year. On average, equities analysts forecast that SunCoke Energy Inc will post 0.43 EPS for the current year.
A number of equities research analysts have recently weighed in on the company. Zacks Investment Research upgraded SunCoke Energy from a “hold” rating to a “buy” rating and set a $12.00 price target for the company in a report on Saturday, October 27th. ValuEngine upgraded SunCoke Energy from a “sell” rating to a “hold” rating in a report on Friday, January 25th. Finally, B. Riley reiterated a “buy” rating and issued a $14.00 price target on shares of SunCoke Energy in a report on Friday, November 9th. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average price target of $13.00.
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About SunCoke Energy
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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