State Street Corp cut its stake in SunCoke Energy, Inc. (NYSE:SXC) by 8.0% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,818,391 shares of the energy company’s stock after selling 244,290 shares during the quarter. State Street Corp owned 4.38% of SunCoke Energy worth $30,723,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. Advisor Partners LLC grew its stake in shares of SunCoke Energy by 0.3% in the second quarter. Advisor Partners LLC now owns 11,765 shares of the energy company’s stock worth $128,000 after acquiring an additional 41 shares during the period. State of Alaska Department of Revenue grew its stake in shares of SunCoke Energy by 78.5% in the second quarter. State of Alaska Department of Revenue now owns 12,693 shares of the energy company’s stock worth $138,000 after acquiring an additional 5,583 shares during the period. Virtu KCG Holdings LLC bought a new stake in shares of SunCoke Energy in the second quarter worth approximately $198,000. BNP Paribas Arbitrage SA grew its stake in shares of SunCoke Energy by 56.2% in the second quarter. BNP Paribas Arbitrage SA now owns 19,627 shares of the energy company’s stock worth $214,000 after acquiring an additional 7,059 shares during the period. Finally, Eqis Capital Management Inc. grew its stake in shares of SunCoke Energy by 6.3% in the second quarter. Eqis Capital Management Inc. now owns 20,062 shares of the energy company’s stock worth $219,000 after acquiring an additional 1,190 shares during the period. Hedge funds and other institutional investors own 90.17% of the company’s stock.

Shares of SunCoke Energy, Inc. (NYSE:SXC) opened at $10.73 on Friday. The company has a current ratio of 1.58, a quick ratio of 1.04 and a debt-to-equity ratio of 1.69. The stock has a market cap of $693.76, a P/E ratio of 27.64 and a beta of 1.30. SunCoke Energy, Inc. has a 12-month low of $7.66 and a 12-month high of $13.14.

SunCoke Energy (NYSE:SXC) last announced its earnings results on Thursday, October 26th. The energy company reported $0.18 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.08) by $0.26. The company had revenue of $339.00 million during the quarter, compared to analyst estimates of $344.40 million. SunCoke Energy had a net margin of 0.42% and a return on equity of 4.60%. The firm’s quarterly revenue was up 15.3% compared to the same quarter last year. During the same period in the previous year, the business posted $0.10 earnings per share. equities analysts predict that SunCoke Energy, Inc. will post -0.16 EPS for the current fiscal year.

In related news, Director James E. Sweetnam sold 11,715 shares of the business’s stock in a transaction that occurred on Friday, September 8th. The shares were sold at an average price of $9.09, for a total transaction of $106,489.35. Following the completion of the sale, the director now directly owns 20,000 shares in the company, valued at $181,800. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director James E. Sweetnam sold 20,000 shares of the business’s stock in a transaction that occurred on Tuesday, September 12th. The shares were sold at an average price of $8.76, for a total transaction of $175,200.00. Following the sale, the director now owns 10,000 shares of the company’s stock, valued at $87,600. The disclosure for this sale can be found here. Insiders own 3.85% of the company’s stock.

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SXC has been the subject of a number of research analyst reports. Zacks Investment Research upgraded shares of SunCoke Energy from a “sell” rating to a “hold” rating in a research note on Saturday, August 19th. BidaskClub upgraded shares of SunCoke Energy from a “strong sell” rating to a “sell” rating in a research note on Friday, August 25th. B. Riley reiterated a “buy” rating on shares of SunCoke Energy in a research note on Wednesday, November 1st. Finally, TheStreet lowered shares of SunCoke Energy from a “c-” rating to a “d+” rating in a research note on Friday, August 4th.

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

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