SunCoke Energy Inc (SXC) Major Shareholder Mangrove Partners Fund (Cayman Sells 100,500 Shares

SunCoke Energy Inc (NYSE:SXC) major shareholder Mangrove Partners Fund (Cayman sold 100,500 shares of SunCoke Energy stock in a transaction dated Thursday, March 2nd. The shares were sold at an average price of $10.06, for a total transaction of $1,011,030.00. The sale was disclosed in a document filed with the SEC, which is available at this link. Major shareholders that own 10% or more of a company’s stock are required to disclose their sales and purchases with the SEC.

Mangrove Partners Fund (Cayman also recently made the following trade(s):

  • On Wednesday, February 22nd, Mangrove Partners Fund (Cayman sold 168,579 shares of SunCoke Energy stock. The shares were sold at an average price of $10.03, for a total transaction of $1,690,847.37.
  • On Friday, February 17th, Mangrove Partners Fund (Cayman sold 59,667 shares of SunCoke Energy stock. The shares were sold at an average price of $10.00, for a total transaction of $596,670.00.
  • On Thursday, February 16th, Mangrove Partners Fund (Cayman sold 52,438 shares of SunCoke Energy stock. The shares were sold at an average price of $10.00, for a total transaction of $524,380.00.

SunCoke Energy Inc (NYSE:SXC) traded down 1.872% during trading on Friday, reaching $9.695. 301,459 shares of the company’s stock were exchanged. The stock’s 50 day moving average price is $9.95 and its 200 day moving average price is $9.59. The firm has a market cap of $622.70 million, a P/E ratio of 44.068 and a beta of 1.22. SunCoke Energy Inc has a 52-week low of $5.14 and a 52-week high of $13.14.

SunCoke Energy (NYSE:SXC) last issued its quarterly earnings data on Thursday, January 26th. The company reported $0.26 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.30 by $0.04. The company earned $325.60 million during the quarter, compared to the consensus estimate of $456.90 million. SunCoke Energy had a net margin of 1.18% and a return on equity of 3.51%. SunCoke Energy’s revenue for the quarter was down 7.9% compared to the same quarter last year. During the same period in the previous year, the company earned $0.30 earnings per share. Equities research analysts anticipate that SunCoke Energy Inc will post ($0.01) EPS for the current fiscal year.

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A number of institutional investors have recently added to or reduced their stakes in SXC. Mangrove Partners raised its position in SunCoke Energy by 6.6% in the third quarter. Mangrove Partners now owns 8,134,491 shares of the company’s stock worth $65,239,000 after buying an additional 506,995 shares in the last quarter. Dimensional Fund Advisors LP raised its position in SunCoke Energy by 5.9% in the fourth quarter. Dimensional Fund Advisors LP now owns 5,012,159 shares of the company’s stock worth $56,839,000 after buying an additional 279,430 shares in the last quarter. BlackRock Fund Advisors raised its position in SunCoke Energy by 8.1% in the third quarter. BlackRock Fund Advisors now owns 4,724,053 shares of the company’s stock worth $37,887,000 after buying an additional 352,619 shares in the last quarter. Renaissance Technologies LLC raised its position in SunCoke Energy by 24.2% in the fourth quarter. Renaissance Technologies LLC now owns 2,855,000 shares of the company’s stock worth $32,376,000 after buying an additional 555,689 shares in the last quarter. Finally, State Street Corp raised its position in SunCoke Energy by 1.4% in the fourth quarter. State Street Corp now owns 2,618,907 shares of the company’s stock worth $29,702,000 after buying an additional 37,072 shares in the last quarter. 86.04% of the stock is currently owned by institutional investors and hedge funds.

Separately, Zacks Investment Research lowered shares of SunCoke Energy from a “hold” rating to a “sell” rating in a research report on Wednesday, January 25th.

About SunCoke Energy

SunCoke Energy, Inc is an independent producer of coke in the Americas. The Company also provides coal handling and/or mixing services at its Coal Logistics terminals. The Company’s segments include Domestic Coke, Brazil Coke, India Coke, Coal Logistics, and Corporate and Other. The Domestic Coke segment consists of its Jewell, Indiana Harbor, Haverhill, Granite City and Middletown cokemaking and heat recovery operations located in Vansant, Virginia; East Chicago, Indiana; Franklin Furnace, Ohio; Granite City, Illinois, and Middletown, Ohio, respectively.

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