Principal Financial Group Inc. Sells 17,294 Shares of SunCoke Energy, Inc. (SXC)

Principal Financial Group Inc. lessened its stake in shares of SunCoke Energy, Inc. (NYSE:SXC) by 3.4% in the 3rd quarter, according to its most recent disclosure with the SEC. The firm owned 484,962 shares of the energy company’s stock after selling 17,294 shares during the period. Principal Financial Group Inc. owned 0.75% of SunCoke Energy worth $4,433,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. Fox Run Management L.L.C. bought a new stake in SunCoke Energy during the third quarter valued at about $124,000. Advisor Partners LLC grew its holdings in SunCoke Energy by 0.3% during the second quarter. Advisor Partners LLC now owns 11,765 shares of the energy company’s stock valued at $128,000 after purchasing an additional 41 shares during the period. Piedmont Investment Advisors LLC bought a new position in shares of SunCoke Energy in the second quarter worth about $152,000. Crossmark Global Holdings Inc. bought a new position in shares of SunCoke Energy in the third quarter worth about $155,000. Finally, Virtu KCG Holdings LLC bought a new position in shares of SunCoke Energy in the second quarter worth about $198,000. 90.96% of the stock is owned by institutional investors and hedge funds.

In related news, Director James E. Sweetnam sold 20,000 shares of the stock in a transaction that occurred on Tuesday, September 12th. The stock was sold at an average price of $8.76, for a total transaction of $175,200.00. Following the completion of the transaction, the director now directly owns 10,000 shares of the company’s stock, valued at $87,600. The sale was disclosed in a filing with the SEC, which is available through this link. Also, insider Phillip Michael Hardesty sold 4,444 shares of the stock in a transaction that occurred on Thursday, November 30th. The shares were sold at an average price of $11.37, for a total value of $50,528.28. Following the transaction, the insider now directly owns 70,161 shares of the company’s stock, valued at $797,730.57. The disclosure for this sale can be found here. 3.85% of the stock is currently owned by corporate insiders.

A number of research firms have recently weighed in on SXC. B. Riley reaffirmed a “buy” rating on shares of SunCoke Energy in a research note on Wednesday, November 1st. Zacks Investment Research raised SunCoke Energy from a “hold” rating to a “strong-buy” rating and set a $12.00 price objective for the company in a research note on Saturday, November 18th. Finally, BidaskClub raised SunCoke Energy from a “strong sell” rating to a “sell” rating in a research note on Friday, August 25th.

SunCoke Energy, Inc. (SXC) traded up $0.07 during midday trading on Monday, hitting $11.10. The stock had a trading volume of 345,500 shares, compared to its average volume of 684,101. The company has a market capitalization of $714.35, a price-to-earnings ratio of 28.46 and a beta of 1.31. The company has a debt-to-equity ratio of 1.69, a quick ratio of 1.04 and a current ratio of 1.58. SunCoke Energy, Inc. has a 1 year low of $7.66 and a 1 year high of $12.77.

SunCoke Energy (NYSE:SXC) last released its quarterly earnings data on Thursday, October 26th. The energy company reported $0.18 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.08) by $0.26. The firm had revenue of $339.00 million during the quarter, compared to analyst estimates of $344.40 million. SunCoke Energy had a return on equity of 4.60% and a net margin of 0.42%. The business’s quarterly revenue was up 15.3% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.10 earnings per share. sell-side analysts forecast that SunCoke Energy, Inc. will post -0.16 earnings per share for the current fiscal year.

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SunCoke Energy Company Profile

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.

Institutional Ownership by Quarter for SunCoke Energy (NYSE:SXC)

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