Weiss Asset Management LP Invests $1.20 Million in SunCoke Energy, Inc. $SXC

Weiss Asset Management LP bought a new position in shares of SunCoke Energy, Inc. (NYSE:SXC) during the 1st quarter, according to the company in its most recent filing with the SEC. The fund bought 184,094 shares of the energy company’s stock, valued at approximately $1,198,000.

A number of other large investors have also modified their holdings of SXC. Entropy Technologies LP lifted its holdings in shares of SunCoke Energy by 93.2% in the 1st quarter. Entropy Technologies LP now owns 24,174 shares of the energy company’s stock valued at $157,000 after buying an additional 11,660 shares during the period. State of Wyoming raised its position in SunCoke Energy by 13.7% in the first quarter. State of Wyoming now owns 32,957 shares of the energy company’s stock worth $215,000 after acquiring an additional 3,965 shares in the last quarter. Dimensional Fund Advisors LP lifted its holdings in SunCoke Energy by 1.3% in the first quarter. Dimensional Fund Advisors LP now owns 5,410,182 shares of the energy company’s stock valued at $35,222,000 after acquiring an additional 68,996 shares during the period. Allspring Global Investments Holdings LLC lifted its holdings in SunCoke Energy by 11.3% in the first quarter. Allspring Global Investments Holdings LLC now owns 39,789 shares of the energy company’s stock valued at $254,000 after acquiring an additional 4,025 shares during the period. Finally, Hsbc Holdings PLC purchased a new stake in shares of SunCoke Energy during the 1st quarter worth $290,000. 90.45% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings raised shares of SunCoke Energy from a “sell (d)” rating to a “sell (d+)” rating in a research note on Thursday, June 11th. One research analyst has rated the stock with a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Reduce” and a consensus target price of $9.00.

SunCoke Energy Price Performance

Shares of NYSE:SXC opened at $9.04 on Tuesday. The firm has a market capitalization of $767.47 million, a price-to-earnings ratio of -11.75 and a beta of 0.99. The company has a debt-to-equity ratio of 1.09, a current ratio of 2.23 and a quick ratio of 1.31. The business’s 50 day simple moving average is $8.62 and its 200-day simple moving average is $7.55. SunCoke Energy, Inc. has a 12 month low of $5.51 and a 12 month high of $9.73.

SunCoke Energy (NYSE:SXC) last released its quarterly earnings data on Thursday, April 30th. The energy company reported ($0.05) earnings per share for the quarter, missing the consensus estimate of $0.08 by ($0.13). The firm had revenue of $455.10 million during the quarter, compared to analysts’ expectations of $416.15 million. SunCoke Energy had a negative net margin of 3.55% and a positive return on equity of 4.47%. The business’s revenue for the quarter was up 4.4% on a year-over-year basis. During the same period in the previous year, the business earned $0.20 earnings per share. As a group, equities analysts forecast that SunCoke Energy, Inc. will post 0.2 earnings per share for the current fiscal year.

SunCoke Energy Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, June 2nd. Shareholders of record on Friday, May 15th were issued a $0.12 dividend. The ex-dividend date of this dividend was Friday, May 15th. This represents a $0.48 annualized dividend and a yield of 5.3%. SunCoke Energy’s dividend payout ratio is -62.34%.

SunCoke Energy Company Profile

SunCoke Energy, Inc is a leading independent producer of metallurgical coke and related products for the steel and foundry industries. The company specializes in manufacturing both blast furnace coke and foundry coke, offering high‐quality, low‐sulfur coal products that serve as essential inputs in steelmaking and metal casting processes. In addition to coke production, SunCoke provides comprehensive engineering, maintenance and environmental solutions tailored to the needs of integrated steel mills and foundries.

The company operates a network of coke production facilities across the United States, including plants in Indiana, Ohio, West Virginia and Louisiana.