Vanguard Group Inc. Purchases 999,209 Shares of SunCoke Energy, Inc. (SXC)
Vanguard Group Inc. boosted its position in SunCoke Energy, Inc. (NYSE:SXC) by 25.9% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 4,853,591 shares of the energy company’s stock after buying an additional 999,209 shares during the period. Vanguard Group Inc. owned about 0.08% of SunCoke Energy worth $43,488,000 as of its most recent SEC filing.
Several other large investors have also recently added to or reduced their stakes in SXC. Boston Partners purchased a new stake in SunCoke Energy during the first quarter worth $26,889,000. Bank of New York Mellon Corp increased its stake in SunCoke Energy by 2.9% in the first quarter. Bank of New York Mellon Corp now owns 839,705 shares of the energy company’s stock worth $7,525,000 after buying an additional 24,046 shares during the last quarter. Principal Financial Group Inc. increased its stake in SunCoke Energy by 2.5% in the first quarter. Principal Financial Group Inc. now owns 498,302 shares of the energy company’s stock worth $4,465,000 after buying an additional 12,042 shares during the last quarter. Ameriprise Financial Inc. increased its stake in SunCoke Energy by 30.8% in the first quarter. Ameriprise Financial Inc. now owns 461,785 shares of the energy company’s stock worth $4,136,000 after buying an additional 108,695 shares during the last quarter. Finally, Russell Investments Group Ltd. increased its stake in SunCoke Energy by 37.8% in the first quarter. Russell Investments Group Ltd. now owns 443,968 shares of the energy company’s stock worth $3,978,000 after buying an additional 121,774 shares during the last quarter. Institutional investors own 96.90% of the company’s stock.
SunCoke Energy, Inc. (NYSE:SXC) traded up 1.06% during midday trading on Friday, reaching $8.56. The company had a trading volume of 719,985 shares. SunCoke Energy, Inc. has a 12-month low of $6.28 and a 12-month high of $13.14. The company’s market capitalization is $550.66 million. The stock has a 50-day moving average price of $10.03 and a 200 day moving average price of $9.39.
SunCoke Energy (NYSE:SXC) last announced its earnings results on Thursday, July 27th. The energy company reported ($0.07) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.14) by $0.07. The business had revenue of $323.20 million during the quarter, compared to analyst estimates of $347.90 million. SunCoke Energy had a positive return on equity of 3.27% and a negative net margin of 0.01%. SunCoke Energy’s revenue for the quarter was up 10.4% compared to the same quarter last year. During the same period last year, the company earned ($0.07) EPS. Equities analysts forecast that SunCoke Energy, Inc. will post ($0.34) EPS for the current year.
SXC has been the subject of a number of recent research reports. Zacks Investment Research upgraded SunCoke Energy from a “hold” rating to a “strong-buy” rating and set a $11.00 target price for the company in a research report on Saturday, April 29th. BidaskClub downgraded SunCoke Energy from a “sell” rating to a “strong sell” rating in a research report on Friday, August 4th. Finally, TheStreet downgraded SunCoke Energy from a “c-” rating to a “d+” rating in a research report on Friday, August 4th.
In related news, major shareholder Mangrove Partners Master Fund, sold 41,131 shares of the firm’s stock in a transaction on Wednesday, July 5th. The stock was sold at an average price of $11.01, for a total transaction of $452,852.31. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, major shareholder Mangrove Partners Fund (Cayman sold 5,530 shares of the firm’s stock in a transaction on Friday, June 30th. The stock was sold at an average price of $11.00, for a total value of $60,830.00. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 850,551 shares of company stock valued at $9,415,508. 3.85% of the stock is owned by corporate insiders.
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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