Aristeia Capital L.L.C. Raises Position in SunCoke Energy, Inc. $SXC

Aristeia Capital L.L.C. raised its position in SunCoke Energy, Inc. (NYSE:SXC) by 191.5% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 107,653 shares of the energy company’s stock after acquiring an additional 70,718 shares during the quarter. Aristeia Capital L.L.C.’s holdings in SunCoke Energy were worth $775,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the company. Royal Bank of Canada raised its holdings in shares of SunCoke Energy by 13.8% during the first quarter. Royal Bank of Canada now owns 35,957 shares of the energy company’s stock valued at $330,000 after acquiring an additional 4,358 shares during the last quarter. AQR Capital Management LLC increased its position in shares of SunCoke Energy by 86.3% during the first quarter. AQR Capital Management LLC now owns 366,537 shares of the energy company’s stock worth $3,372,000 after purchasing an additional 169,813 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in shares of SunCoke Energy by 4.3% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 49,744 shares of the energy company’s stock worth $458,000 after purchasing an additional 2,064 shares in the last quarter. Dynamic Technology Lab Private Ltd raised its stake in SunCoke Energy by 70.7% in the 1st quarter. Dynamic Technology Lab Private Ltd now owns 27,962 shares of the energy company’s stock valued at $257,000 after purchasing an additional 11,580 shares during the last quarter. Finally, Hsbc Holdings PLC raised its stake in SunCoke Energy by 126.3% in the 2nd quarter. Hsbc Holdings PLC now owns 49,633 shares of the energy company’s stock valued at $424,000 after purchasing an additional 27,696 shares during the last quarter. 90.45% of the stock is currently owned by hedge funds and other institutional investors.

SunCoke Energy Trading Down 1.9%

Shares of SunCoke Energy stock opened at $8.78 on Thursday. The company has a debt-to-equity ratio of 1.09, a current ratio of 2.23 and a quick ratio of 1.31. The stock’s 50 day simple moving average is $7.76 and its 200-day simple moving average is $7.30. The stock has a market cap of $745.24 million, a P/E ratio of -11.41 and a beta of 0.96. SunCoke Energy, Inc. has a 1-year low of $5.51 and a 1-year high of $9.73.

SunCoke Energy (NYSE:SXC) last posted its quarterly earnings results on Thursday, April 30th. The energy company reported ($0.05) EPS for the quarter, missing the consensus estimate of $0.08 by ($0.13). SunCoke Energy had a negative net margin of 3.55% and a positive return on equity of 4.47%. The company had revenue of $455.10 million during the quarter, compared to analyst estimates of $416.15 million. During the same period in the prior year, the business posted $0.20 EPS. SunCoke Energy’s revenue for the quarter was up 4.4% compared to the same quarter last year. Analysts predict that SunCoke Energy, Inc. will post 0.2 EPS for the current fiscal year.

SunCoke Energy Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, June 2nd. Shareholders of record on Friday, May 15th were paid a $0.12 dividend. The ex-dividend date of this dividend was Friday, May 15th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 5.5%. SunCoke Energy’s dividend payout ratio (DPR) is -62.34%.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on SXC. Weiss Ratings raised shares of SunCoke Energy from a “sell (d)” rating to a “sell (d+)” rating in a research note on Thursday, June 11th. B. Riley Financial reduced their target price on shares of SunCoke Energy from $10.00 to $9.00 and set a “neutral” rating for the company in a research report on Wednesday, February 18th. One research analyst has rated the stock with a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, SunCoke Energy has an average rating of “Reduce” and an average target price of $9.00.

SunCoke Energy Profile

SunCoke Energy, Inc is a leading independent producer of metallurgical coke and related products for the steel and foundry industries. The company specializes in manufacturing both blast furnace coke and foundry coke, offering high‐quality, low‐sulfur coal products that serve as essential inputs in steelmaking and metal casting processes. In addition to coke production, SunCoke provides comprehensive engineering, maintenance and environmental solutions tailored to the needs of integrated steel mills and foundries.

The company operates a network of coke production facilities across the United States, including plants in Indiana, Ohio, West Virginia and Louisiana.