SunCoke Energy, Inc. (SXC) Stake Increased by Comerica Bank
Comerica Bank boosted its position in shares of SunCoke Energy, Inc. (NYSE:SXC) by 3.7% during the first quarter, according to its most recent filing with the SEC. The firm owned 70,916 shares of the energy company’s stock after buying an additional 2,519 shares during the period. Comerica Bank’s holdings in SunCoke Energy were worth $661,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Advisor Partners LLC boosted its position in shares of SunCoke Energy by 3.1% in the first quarter. Advisor Partners LLC now owns 11,724 shares of the energy company’s stock worth $105,000 after buying an additional 356 shares during the period. Eqis Capital Management Inc. boosted its position in shares of SunCoke Energy by 22.6% in the first quarter. Eqis Capital Management Inc. now owns 18,872 shares of the energy company’s stock worth $169,000 after buying an additional 3,473 shares during the period. Boothbay Fund Management LLC purchased a new position in shares of SunCoke Energy during the fourth quarter worth about $175,000. Allianz Asset Management AG purchased a new position in shares of SunCoke Energy during the fourth quarter worth about $188,000. Finally, Wedge Capital Management L L P NC boosted its position in shares of SunCoke Energy by 30.2% in the first quarter. Wedge Capital Management L L P NC now owns 22,659 shares of the energy company’s stock worth $203,000 after buying an additional 5,252 shares during the period. 97.44% of the stock is currently owned by institutional investors and hedge funds.
SunCoke Energy, Inc. (SXC) opened at 9.84 on Monday. The company has a 50-day moving average of $8.85 and a 200-day moving average of $9.77. SunCoke Energy, Inc. has a 52 week low of $5.18 and a 52 week high of $13.14. The company has a market capitalization of $632.90 million, a PE ratio of 32.91 and a beta of 1.32.
SunCoke Energy (NYSE:SXC) last posted its earnings results on Thursday, April 20th. The energy company reported $0.02 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.10) by $0.12. SunCoke Energy had a net margin of 1.60% and a return on equity of 3.29%. The business had revenue of $309.70 million for the quarter, compared to analysts’ expectations of $410.60 million. During the same period in the prior year, the company posted ($0.06) EPS. The business’s revenue for the quarter was down .5% compared to the same quarter last year. On average, equities research analysts anticipate that SunCoke Energy, Inc. will post ($0.01) EPS for the current year.
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Separately, Zacks Investment Research raised shares of SunCoke Energy from a “hold” rating to a “strong-buy” rating and set a $11.00 price objective on the stock in a research note on Saturday, April 29th.
In related news, insider Gary P. Yeaw purchased 10,000 shares of the firm’s stock in a transaction dated Tuesday, May 9th. The shares were purchased at an average price of $8.08 per share, with a total value of $80,800.00. Following the acquisition, the insider now directly owns 40,973 shares of the company’s stock, valued at $331,061.84. The purchase was disclosed in a document filed with the SEC, which is available through this hyperlink. Corporate 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.
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