Quantbot Technologies LP Invests $887,000 in SunCoke Energy, Inc. $SXC

Quantbot Technologies LP acquired a new position in shares of SunCoke Energy, Inc. (NYSE:SXC) in the second quarter, according to its most recent 13F filing with the SEC. The institutional investor acquired 110,210 shares of the energy company’s stock, valued at approximately $887,000.

Other institutional investors also recently added to or reduced their stakes in the company. Weiss Asset Management LP purchased a new stake in shares of SunCoke Energy during the first quarter valued at about $1,198,000. Assenagon Asset Management S.A. purchased a new position in shares of SunCoke Energy in the 2nd quarter worth approximately $7,359,000. Intech Investment Management LLC raised its stake in shares of SunCoke Energy by 298.2% during the 4th quarter. Intech Investment Management LLC now owns 438,262 shares of the energy company’s stock worth $3,155,000 after acquiring an additional 328,208 shares in the last quarter. Empowered Funds LLC raised its stake in shares of SunCoke Energy by 16.2% during the 1st quarter. Empowered Funds LLC now owns 474,814 shares of the energy company’s stock worth $3,091,000 after acquiring an additional 66,076 shares in the last quarter. Finally, Y Intercept Hong Kong Ltd lifted its position in SunCoke Energy by 676.8% during the first quarter. Y Intercept Hong Kong Ltd now owns 105,904 shares of the energy company’s stock valued at $689,000 after acquiring an additional 92,271 shares during the last quarter. Institutional investors own 90.45% of the company’s stock.

Analyst Ratings Changes

Several brokerages have weighed in on SXC. Weiss Ratings upgraded shares of SunCoke Energy from a “sell (d)” rating to a “sell (d+)” rating in a research note on Thursday, June 11th. Wall Street Zen upgraded SunCoke Energy from a “hold” rating to a “buy” rating in a report on Saturday, August 8th. One equities research analyst has rated the stock with a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Reduce” and a consensus target price of $9.00.

SunCoke Energy Stock Up 0.4%

NYSE:SXC opened at $9.80 on Thursday. The company has a debt-to-equity ratio of 1.07, a current ratio of 2.25 and a quick ratio of 1.37. The company’s fifty day moving average price is $8.77 and its 200-day moving average price is $7.76. SunCoke Energy, Inc. has a 1-year low of $5.51 and a 1-year high of $9.93. The firm has a market capitalization of $831.82 million, a P/E ratio of -15.31 and a beta of 0.98.

SunCoke Energy (NYSE:SXC) last posted its earnings results on Thursday, July 30th. The energy company reported $0.15 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.08 by $0.07. SunCoke Energy had a negative net margin of 2.88% and a positive return on equity of 6.37%. The company had revenue of $475.30 million during the quarter, compared to the consensus estimate of $445.20 million. During the same period in the previous year, the firm posted $0.02 earnings per share. The firm’s quarterly revenue was up 9.5% on a year-over-year basis. As a group, equities research analysts anticipate that SunCoke Energy, Inc. will post 0.32 EPS for the current year.

SunCoke Energy Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 2nd. Shareholders of record on Monday, August 17th will be paid a dividend of $0.12 per share. The ex-dividend date is Monday, August 17th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 4.9%. SunCoke Energy’s dividend payout ratio (DPR) is presently -75.00%.

SunCoke Energy 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.