Geode Capital Management LLC lowered its position in shares of SunCoke Energy, Inc. (NYSE:SXC) by 7.7% during the first quarter, Holdings Channel reports. The institutional investor owned 483,721 shares of the energy company’s stock after selling 40,529 shares during the period. Geode Capital Management LLC’s holdings in SunCoke Energy were worth $4,334,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. Vanguard Group Inc. boosted its stake in shares of SunCoke Energy by 25.9% in the first quarter. Vanguard Group Inc. now owns 4,853,591 shares of the energy company’s stock worth $43,488,000 after buying an additional 999,209 shares in the last quarter. Menta Capital LLC boosted its stake in shares of SunCoke Energy by 57.8% in the first quarter. Menta Capital LLC now owns 335,636 shares of the energy company’s stock worth $3,007,000 after buying an additional 122,931 shares during the period. Legal & General Group Plc boosted its stake in shares of SunCoke Energy by 1.7% in the first quarter. Legal & General Group Plc now owns 107,060 shares of the energy company’s stock worth $959,000 after buying an additional 1,744 shares during the period. PNC Financial Services Group Inc. boosted its stake in shares of SunCoke Energy by 4.4% in the first quarter. PNC Financial Services Group Inc. now owns 334,452 shares of the energy company’s stock worth $2,997,000 after buying an additional 14,067 shares during the period. Finally, Systematic Financial Management LP boosted its stake in shares of SunCoke Energy by 21.7% in the first quarter. Systematic Financial Management LP now owns 179,385 shares of the energy company’s stock worth $1,607,000 after buying an additional 31,990 shares during the period. 98.12% of the stock is owned by institutional investors and hedge funds.

SunCoke Energy, Inc. (NYSE:SXC) traded up 2.69% during trading on Wednesday, reaching $8.77. 48,706 shares of the company traded hands. The company’s market capitalization is $564.17 million. SunCoke Energy, Inc. has a 52 week low of $6.28 and a 52 week high of $13.14. The firm has a 50-day moving average price of $9.96 and a 200-day moving average price of $9.35.

SunCoke Energy (NYSE:SXC) last issued its quarterly earnings results on Thursday, July 27th. The energy company reported ($0.07) EPS for the quarter, topping the consensus estimate of ($0.14) by $0.07. The company had revenue of $323.20 million during the quarter, compared to analyst estimates of $347.90 million. SunCoke Energy had a negative net margin of 0.01% and a positive return on equity of 3.27%. The firm’s revenue was up 10.4% compared to the same quarter last year. During the same quarter in the previous year, the firm earned ($0.07) EPS. Analysts forecast that SunCoke Energy, Inc. will post ($0.34) earnings per share for the current fiscal year.

COPYRIGHT VIOLATION NOTICE: This report was originally reported by Watch List News and is owned by of Watch List News. If you are accessing this report on another publication, it was illegally copied and republished in violation of U.S. & international copyright law. The original version of this report can be read at https://www.watchlistnews.com/geode-capital-management-llc-cuts-position-in-suncoke-energy-inc-sxc/1494904.html.

SXC has been the subject of a number of analyst reports. Zacks Investment Research raised shares of SunCoke Energy from a “hold” rating to a “strong-buy” rating and set a $11.00 price objective for the company in a research note on Saturday, April 29th. BidaskClub cut shares of SunCoke Energy from a “hold” rating to a “sell” rating in a research note on Friday, July 28th. Finally, TheStreet cut shares of SunCoke Energy from a “c-” rating to a “d+” rating in a research note on Friday, August 4th.

In other SunCoke Energy news, major shareholder Mangrove Partners Master Fund, sold 41,131 shares of the company’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 transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, major shareholder Mangrove Partners Fund (Cayman sold 86,605 shares of the company’s stock in a transaction dated Monday, July 10th. The shares were sold at an average price of $11.00, for a total transaction of $952,655.00. The disclosure for this sale can be found here. Insiders have sold 850,551 shares of company stock valued at $9,415,508 in the last ninety days. Insiders own 3.85% of the company’s stock.

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.

Want to see what other hedge funds are holding SXC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for SunCoke Energy, Inc. (NYSE:SXC).

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

Receive News & Ratings for SunCoke Energy Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for SunCoke Energy Inc. and related companies with Analyst Ratings Network's FREE daily email newsletter.