Guggenheim Capital LLC lowered its position in SunCoke Energy Partners LP (NYSE:SXCP) by 48.2% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 303,218 shares of the company’s stock after selling 282,418 shares during the period. Guggenheim Capital LLC owned approximately 0.66% of SunCoke Energy Partners worth $5,837,000 as of its most recent SEC filing.
A number of other large investors also recently made changes to their positions in SXCP. Massey Quick & Co. LLC acquired a new stake in SunCoke Energy Partners during the fourth quarter valued at $113,000. Alps Advisors Inc. acquired a new stake in SunCoke Energy Partners during the third quarter valued at $444,000. NEXT Financial Group Inc boosted its stake in SunCoke Energy Partners by 2,756.9% in the third quarter. NEXT Financial Group Inc now owns 46,425 shares of the company’s stock valued at $703,000 after buying an additional 44,800 shares in the last quarter. Cetera Advisor Networks LLC boosted its stake in SunCoke Energy Partners by 144.6% in the third quarter. Cetera Advisor Networks LLC now owns 73,816 shares of the company’s stock valued at $1,118,000 after buying an additional 43,633 shares in the last quarter. Finally, Marshall Wace LLP acquired a new stake in SunCoke Energy Partners during the fourth quarter valued at $1,608,000. 12.29% of the stock is owned by hedge funds and other institutional investors.
Shares of SunCoke Energy Partners LP (NYSE:SXCP) opened at 15.40 on Tuesday. The company has a market capitalization of $711.71 million, a PE ratio of 7.45 and a beta of 1.29. SunCoke Energy Partners LP has a 52-week low of $6.75 and a 52-week high of $21.95. The stock has a 50 day moving average price of $17.15 and a 200 day moving average price of $17.52.
SunCoke Energy Partners (NYSE:SXCP) last announced its earnings results on Thursday, January 26th. The company reported $0.78 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.02 by $0.24. SunCoke Energy Partners had a net margin of 15.27% and a return on equity of 15.91%. The firm earned $218.30 million during the quarter, compared to analyst estimates of $298.80 million. During the same period in the prior year, the business posted $0.71 EPS. The firm’s quarterly revenue was up .4% compared to the same quarter last year. On average, analysts predict that SunCoke Energy Partners LP will post $1.60 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Wednesday, March 1st. Shareholders of record on Wednesday, February 15th were given a dividend of $0.594 per share. This represents a $2.38 annualized dividend and a dividend yield of 15.43%. The ex-dividend date of this dividend was Monday, February 13th. SunCoke Energy Partners’s dividend payout ratio (DPR) is 114.98%.
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Separately, Zacks Investment Research raised SunCoke Energy Partners from a “hold” rating to a “buy” rating and set a $22.00 price objective for the company in a research report on Thursday, January 19th.
SunCoke Energy Partners Company Profile
SunCoke Energy Partners, L.P. is engaged primarily in producing coke used in the blast furnace production of steel. The Company also provides coal handling and/or mixing services at its Coal Logistics terminals. The Company’s segments include Domestic Coke, Coal Logistics, and Corporate and Other. Its Domestic Coke segment consists of the Haverhill Coke Company LLC, Middletown Coke Company, LLC and Gateway Energy and Coke Company, LLC cokemaking and heat recovery operations in Franklin Furnace, Ohio; Middletown, Ohio, and Granite City, Illinois, respectively.
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