SunCoke Energy, Inc. (NYSE:SXC) major shareholder Mangrove Partners Master Fund, sold 41,131 shares of the business’s stock in a transaction dated Wednesday, July 5th. The shares were sold at an average price of $11.01, for a total value of $452,852.31. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Large shareholders that own 10% or more of a company’s shares are required to disclose their transactions with the SEC.
SunCoke Energy, Inc. (NYSE:SXC) traded down 1.12% during midday trading on Friday, reaching $10.55. The company’s stock had a trading volume of 601,027 shares. SunCoke Energy, Inc. has a 52 week low of $6.28 and a 52 week high of $13.14. The firm has a market cap of $678.57 million, a P/E ratio of 35.28 and a beta of 1.28. The firm has a 50 day moving average price of $10.18 and a 200-day moving average price of $9.60.
SunCoke Energy (NYSE:SXC) last announced its earnings results on Thursday, April 20th. The energy company reported $0.02 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.10) by $0.12. The company had revenue of $309.70 million for the quarter, compared to analysts’ expectations of $410.60 million. SunCoke Energy had a net margin of 1.60% and a return on equity of 3.29%. The business’s revenue for the quarter was down .5% on a year-over-year basis. During the same period last year, the firm earned ($0.06) earnings per share. On average, analysts forecast that SunCoke Energy, Inc. will post ($0.03) earnings per share for the current fiscal year.
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Separately, Zacks Investment Research downgraded SunCoke Energy from a “buy” rating to a “hold” rating in a report on Thursday.
A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Advisor Partners LLC boosted its position in shares of SunCoke Energy by 3.1% in the first quarter. Advisor Partners LLC now owns 11,724 shares of the energy company’s stock worth $105,000 after buying an additional 356 shares during the period. Two Sigma Securities LLC purchased a new position in shares of SunCoke Energy during the first quarter worth about $121,000. Mason Street Advisors LLC boosted its position in shares of SunCoke Energy by 6.9% in the first quarter. Mason Street Advisors LLC now owns 15,007 shares of the energy company’s stock worth $134,000 after buying an additional 975 shares during the period. State of Alaska Department of Revenue boosted its position in shares of SunCoke Energy by 78.5% in the second quarter. State of Alaska Department of Revenue now owns 12,693 shares of the energy company’s stock worth $138,000 after buying an additional 5,583 shares during the period. Finally, Sterneck Capital Management LLC purchased a new position in shares of SunCoke Energy during the first quarter worth about $148,000. 97.44% of the stock is currently owned by institutional investors and hedge funds.
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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