State Board of Administration of Florida Retirement System held its stake in shares of SunCoke Energy, Inc. (NYSE:SXC) during the first quarter, according to its most recent 13F filing with the SEC. The firm owned 62,562 shares of the energy company’s stock at the end of the first quarter. State Board of Administration of Florida Retirement System owned 0.10% of SunCoke Energy worth $561,000 at the end of the most recent quarter.
Several other large investors have also made changes to their positions in the company. Eqis Capital Management Inc. boosted its position in SunCoke Energy by 22.6% in the first quarter. Eqis Capital Management Inc. now owns 18,872 shares of the energy company’s stock valued at $169,000 after buying an additional 3,473 shares in the last quarter. Wedge Capital Management L L P NC boosted its position in SunCoke Energy by 30.2% in the first quarter. Wedge Capital Management L L P NC now owns 22,659 shares of the energy company’s stock valued at $203,000 after buying an additional 5,252 shares in the last quarter. Great West Life Assurance Co. Can boosted its position in SunCoke Energy by 6.6% in the first quarter. Great West Life Assurance Co. Can now owns 88,794 shares of the energy company’s stock valued at $794,000 after buying an additional 5,464 shares in the last quarter. Advisor Partners LLC boosted its position in SunCoke Energy by 3.1% in the first quarter. Advisor Partners LLC now owns 11,724 shares of the energy company’s stock valued at $105,000 after buying an additional 356 shares in the last quarter. Finally, Russell Investments Group Ltd. boosted its position in SunCoke Energy by 37.8% in the first quarter. Russell Investments Group Ltd. now owns 443,968 shares of the energy company’s stock valued at $3,978,000 after buying an additional 121,774 shares in the last quarter. Institutional investors and hedge funds own 97.44% of the company’s stock.
SunCoke Energy, Inc. (SXC) opened at 9.90 on Tuesday. The firm has a 50-day moving average of $8.85 and a 200-day moving average of $9.77. The stock has a market capitalization of $636.76 million, a PE ratio of 33.11 and a beta of 1.32. SunCoke Energy, Inc. has a one year low of $5.18 and a one year high of $13.14.
SunCoke Energy (NYSE:SXC) last issued its quarterly earnings data on Thursday, April 20th. The energy company reported $0.02 EPS for the quarter, topping analysts’ consensus estimates of ($0.10) by $0.12. SunCoke Energy had a net margin of 1.60% and a return on equity of 3.29%. The firm had revenue of $309.70 million for the quarter, compared to analyst estimates of $410.60 million. During the same quarter in the prior year, the firm earned ($0.06) EPS. The company’s revenue was down .5% on a year-over-year basis. On average, equities research analysts forecast that SunCoke Energy, Inc. will post ($0.01) earnings per share for the current year.
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Separately, Zacks Investment Research raised shares of SunCoke Energy from a “hold” rating to a “strong-buy” rating and set a $11.00 target price for the company in a report on Saturday, April 29th.
In related news, insider Gary P. Yeaw acquired 10,000 shares of the firm’s stock in a transaction on Tuesday, May 9th. The shares were purchased at an average price of $8.08 per share, with a total value of $80,800.00. Following the acquisition, the insider now directly owns 40,973 shares in the company, valued at $331,061.84. The purchase was disclosed in a legal filing with the SEC, which is accessible through this link. 3.85% of the stock is owned by corporate insiders.
About SunCoke Energy
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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