KBC Group NV Has $1.64 Million Holdings in SunCoke Energy Inc (SXC)
KBC Group NV reduced its position in shares of SunCoke Energy Inc (NYSE:SXC) by 36.3% in the second quarter, HoldingsChannel reports. The firm owned 122,615 shares of the energy company’s stock after selling 69,889 shares during the quarter. KBC Group NV’s holdings in SunCoke Energy were worth $1,643,000 as of its most recent SEC filing.
Other large investors have also recently added to or reduced their stakes in the company. CAMG Solamere Management LLC purchased a new stake in shares of SunCoke Energy during the 1st quarter valued at about $112,000. SG Americas Securities LLC purchased a new stake in shares of SunCoke Energy during the 1st quarter valued at about $114,000. Cubist Systematic Strategies LLC purchased a new stake in shares of SunCoke Energy during the 1st quarter valued at about $175,000. 6 Meridian purchased a new stake in shares of SunCoke Energy during the 1st quarter valued at about $207,000. Finally, Quantbot Technologies LP purchased a new stake in shares of SunCoke Energy during the 1st quarter valued at about $222,000. Institutional investors and hedge funds own 91.14% of the company’s stock.
Shares of NYSE SXC opened at $10.99 on Tuesday. The company has a current ratio of 1.86, a quick ratio of 1.25 and a debt-to-equity ratio of 1.28. The stock has a market cap of $725.60 million, a PE ratio of 39.25 and a beta of 0.98. SunCoke Energy Inc has a 52-week low of $8.36 and a 52-week high of $14.32.
A number of analysts have recently issued reports on SXC shares. Zacks Investment Research downgraded shares of SunCoke Energy from a “buy” rating to a “hold” rating in a report on Thursday, May 3rd. B. Riley dropped their price target on shares of SunCoke Energy from $15.00 to $14.00 and set a “buy” rating on the stock in a report on Monday, April 30th. Finally, ValuEngine raised shares of SunCoke Energy from a “sell” rating to a “hold” rating in a report on Friday, April 27th. One analyst has rated the stock with a sell rating, two have issued a hold rating and three have given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average target price of $14.00.
SunCoke Energy Profile
SunCoke Energy, Inc operates as an independent producer of coke in the Americas. The company operates through three segments: Domestic Coke, Brazil Coke, and Logistics. It offers metallurgical and thermal coal. The company also provides handling and/or mixing services to steel, coke, electric utility, coal producing, and other manufacturing based customers.
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