Alliancebernstein L.P. lifted its stake in shares of SunCoke Energy Inc (NYSE:SXC) by 21.7% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 89,163 shares of the energy company’s stock after buying an additional 15,890 shares during the quarter. Alliancebernstein L.P. owned approximately 0.14% of SunCoke Energy worth $1,069,000 at the end of the most recent reporting period.
Several other institutional investors also recently made changes to their positions in SXC. Alambic Investment Management L.P. acquired a new position in shares of SunCoke Energy during the fourth quarter worth about $133,000. Virtu Financial LLC acquired a new position in shares of SunCoke Energy during the fourth quarter worth about $197,000. Nisa Investment Advisors LLC grew its position in shares of SunCoke Energy by 1,463.4% during the fourth quarter. Nisa Investment Advisors LLC now owns 19,230 shares of the energy company’s stock worth $231,000 after buying an additional 18,000 shares in the last quarter. Cigna Investments Inc. New acquired a new position in shares of SunCoke Energy during the fourth quarter worth about $237,000. Finally, Teacher Retirement System of Texas acquired a new position in shares of SunCoke Energy during the fourth quarter worth about $240,000. 88.78% of the stock is owned by institutional investors and hedge funds.
SXC stock opened at $10.61 on Friday. The company has a market cap of $690.61, a P/E ratio of 37.89 and a beta of 1.13. SunCoke Energy Inc has a fifty-two week low of $7.66 and a fifty-two week high of $13.43. The company has a debt-to-equity ratio of 1.31, a current ratio of 1.74 and a quick ratio of 1.12.
SunCoke Energy (NYSE:SXC) last posted its earnings results on Wednesday, January 31st. The energy company reported $0.14 earnings per share for the quarter, missing the consensus estimate of $0.16 by ($0.02). The business had revenue of $359.60 million for the quarter, compared to analysts’ expectations of $353.60 million. SunCoke Energy had a return on equity of 3.13% and a net margin of 9.19%. SunCoke Energy’s revenue for the quarter was up 10.4% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.26 EPS. sell-side analysts anticipate that SunCoke Energy Inc will post 0.29 earnings per share for the current fiscal year.
SXC has been the subject of several recent analyst reports. Zacks Investment Research cut SunCoke Energy from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, December 27th. Clarkson Capital upgraded SunCoke Energy from a “neutral” rating to a “buy” rating in a research note on Friday, February 9th. B. Riley boosted their target price on SunCoke Energy from $14.00 to $15.00 and gave the stock a “buy” rating in a research note on Tuesday, March 6th. Seaport Global Securities initiated coverage on SunCoke Energy in a research note on Tuesday, April 3rd. They set a “buy” rating and a $13.00 target price for the company. Finally, ValuEngine cut SunCoke Energy from a “hold” rating to a “sell” rating in a research note on Saturday, April 7th. Two investment analysts have rated the stock with a sell rating and four have issued a buy rating to the stock. SunCoke Energy has an average rating of “Hold” and an average price target of $13.00.
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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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