SunCoke Energy, Inc. (SXC) Holdings Trimmed by Rhumbline Advisers
Rhumbline Advisers reduced its holdings in shares of SunCoke Energy, Inc. (NYSE:SXC) by 0.2% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 133,793 shares of the energy company’s stock after selling 244 shares during the period. Rhumbline Advisers owned 0.21% of SunCoke Energy worth $1,458,000 as of its most recent SEC filing.
A number of other institutional investors have also modified their holdings of SXC. Vanguard Group Inc. grew its holdings in SunCoke Energy by 25.9% during the 1st quarter. Vanguard Group Inc. now owns 4,853,591 shares of the energy company’s stock worth $43,488,000 after acquiring an additional 999,209 shares during the period. Gendell Jeffrey L grew its holdings in SunCoke Energy by 99.4% during the 1st quarter. Gendell Jeffrey L now owns 1,963,258 shares of the energy company’s stock worth $17,591,000 after acquiring an additional 978,441 shares during the period. Boston Partners grew its holdings in SunCoke Energy by 30.0% during the 2nd quarter. Boston Partners now owns 3,901,699 shares of the energy company’s stock worth $42,528,000 after acquiring an additional 900,669 shares during the period. Nuveen Asset Management LLC acquired a new stake in SunCoke Energy during the 1st quarter worth about $7,161,000. Finally, State Street Corp grew its holdings in SunCoke Energy by 16.9% during the 1st quarter. State Street Corp now owns 3,062,681 shares of the energy company’s stock worth $27,445,000 after acquiring an additional 443,774 shares during the period. Hedge funds and other institutional investors own 90.24% of the company’s stock.
A number of analysts have weighed in on the company. Zacks Investment Research downgraded SunCoke Energy from a “hold” rating to a “sell” rating in a report on Friday, August 4th. TheStreet downgraded SunCoke Energy from a “c-” rating to a “d+” rating in a report on Friday, August 4th. Finally, BidaskClub downgraded SunCoke Energy from a “sell” rating to a “strong sell” rating in a report on Friday, August 4th.
In other news, major shareholder Mangrove Partners Fund (Cayman sold 179,828 shares of the company’s stock in a transaction dated Wednesday, June 28th. The shares were sold at an average price of $11.22, for a total transaction of $2,017,670.16. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director James E. Sweetnam sold 11,715 shares of the company’s stock in a transaction dated Friday, September 8th. The shares were sold at an average price of $9.09, for a total transaction of $106,489.35. Following the transaction, the director now directly owns 20,000 shares of the company’s stock, valued at $181,800. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 882,266 shares of company stock valued at $9,697,197. Insiders own 3.85% of the company’s stock.
Shares of SunCoke Energy, Inc. (NYSE SXC) opened at 8.78 on Thursday. SunCoke Energy, Inc. has a 52 week low of $6.55 and a 52 week high of $13.14. The firm’s market capitalization is $564.81 million. The stock has a 50 day moving average price of $8.85 and a 200 day moving average price of $9.25.
SunCoke Energy (NYSE:SXC) last issued its quarterly earnings data on Thursday, July 27th. The energy company reported ($0.07) EPS for the quarter, beating the consensus estimate of ($0.14) by $0.07. The firm had revenue of $323.20 million during the quarter, compared to the consensus estimate of $347.90 million. SunCoke Energy had a negative net margin of 0.01% and a positive return on equity of 3.27%. The company’s quarterly revenue was up 10.4% compared to the same quarter last year. During the same period in the prior year, the firm posted ($0.07) earnings per share. Analysts forecast that SunCoke Energy, Inc. will post ($0.34) EPS for the current year.
About SunCoke Energy
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.
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