SunCoke Energy Inc (NYSE:SXC) Director John W. Rowe purchased 15,974 shares of the firm’s stock in a transaction that occurred on Wednesday, August 14th. The shares were acquired at an average cost of $5.91 per share, with a total value of $94,406.34. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.
Shares of SXC traded down $0.09 on Thursday, reaching $5.87. 1,211,300 shares of the company’s stock traded hands, compared to its average volume of 853,856. The company has a debt-to-equity ratio of 1.15, a quick ratio of 1.00 and a current ratio of 1.84. The firm has a market capitalization of $567.31 million, a PE ratio of 14.68 and a beta of 1.26. The business has a 50 day moving average price of $8.05. SunCoke Energy Inc has a 52-week low of $5.81 and a 52-week high of $12.04.
SunCoke Energy (NYSE:SXC) last issued its quarterly earnings results on Tuesday, July 30th. The energy company reported $0.03 EPS for the quarter, missing the Zacks’ consensus estimate of $0.20 by ($0.17). The business had revenue of $407.50 million for the quarter, compared to analysts’ expectations of $369.30 million. SunCoke Energy had a net margin of 1.66% and a return on equity of 3.66%. The business’s revenue was up 11.0% compared to the same quarter last year. During the same period in the previous year, the business posted $0.06 earnings per share. As a group, analysts forecast that SunCoke Energy Inc will post 0.62 earnings per share for the current year.
Institutional investors and hedge funds have recently modified their holdings of the stock. BlackRock Inc. grew its holdings in SunCoke Energy by 37.2% during the second quarter. BlackRock Inc. now owns 13,181,590 shares of the energy company’s stock valued at $117,053,000 after purchasing an additional 3,574,590 shares during the period. Morgan Stanley grew its holdings in SunCoke Energy by 5,496.5% during the second quarter. Morgan Stanley now owns 1,322,073 shares of the energy company’s stock valued at $11,740,000 after purchasing an additional 1,298,450 shares during the period. Nuveen Asset Management LLC grew its holdings in SunCoke Energy by 29.4% during the second quarter. Nuveen Asset Management LLC now owns 4,559,666 shares of the energy company’s stock valued at $40,489,000 after purchasing an additional 1,037,223 shares during the period. JHL Capital Group LLC grew its holdings in SunCoke Energy by 146.2% during the second quarter. JHL Capital Group LLC now owns 1,600,000 shares of the energy company’s stock valued at $14,208,000 after purchasing an additional 950,000 shares during the period. Finally, Vanguard Group Inc. grew its holdings in SunCoke Energy by 14.2% during the second quarter. Vanguard Group Inc. now owns 6,374,243 shares of the energy company’s stock valued at $56,603,000 after purchasing an additional 791,880 shares during the period. 93.27% of the stock is owned by institutional investors.
A number of brokerages recently commented on SXC. ValuEngine raised SunCoke Energy from a “strong sell” rating to a “sell” rating in a research report on Thursday, August 1st. Zacks Investment Research downgraded SunCoke Energy from a “buy” rating to a “hold” rating in a research report on Saturday, August 3rd.
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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