Voya Investment Management LLC Trims Holdings in SunCoke Energy, Inc. (SXC)
Voya Investment Management LLC reduced its stake in SunCoke Energy, Inc. (NYSE:SXC) by 50.6% during the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 30,222 shares of the energy company’s stock after selling 30,944 shares during the period. Voya Investment Management LLC’s holdings in SunCoke Energy were worth $329,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Dimensional Fund Advisors LP increased its holdings in SunCoke Energy by 8.7% in the 1st quarter. Dimensional Fund Advisors LP now owns 5,449,617 shares of the energy company’s stock valued at $48,829,000 after acquiring an additional 437,458 shares during the last quarter. Vanguard Group Inc. increased its holdings in SunCoke Energy by 1.7% in the 2nd quarter. Vanguard Group Inc. now owns 4,936,265 shares of the energy company’s stock valued at $53,804,000 after acquiring an additional 82,674 shares during the last quarter. Boston Partners increased its holdings in SunCoke Energy by 30.0% in the 2nd quarter. Boston Partners now owns 3,901,699 shares of the energy company’s stock valued at $42,528,000 after acquiring an additional 900,669 shares during the last quarter. State Street Corp increased its holdings in SunCoke Energy by 16.9% in the 1st quarter. State Street Corp now owns 3,062,681 shares of the energy company’s stock valued at $27,445,000 after acquiring an additional 443,774 shares during the last quarter. Finally, JPMorgan Chase & Co. increased its holdings in SunCoke Energy by 287.9% in the 2nd quarter. JPMorgan Chase & Co. now owns 944,307 shares of the energy company’s stock valued at $10,293,000 after acquiring an additional 700,860 shares during the last quarter. Institutional investors own 89.28% of the company’s stock.
A number of analysts have issued reports on the stock. B. Riley reiterated a “buy” rating on shares of SunCoke Energy in a report on Wednesday, November 1st. Zacks Investment Research upgraded shares of SunCoke Energy from a “hold” rating to a “strong-buy” rating and set a $13.00 price target on the stock in a report on Wednesday, November 1st. BidaskClub upgraded shares of SunCoke Energy from a “strong sell” rating to a “sell” rating in a report on Friday, August 25th. Finally, TheStreet downgraded shares of SunCoke Energy from a “c-” rating to a “d+” rating in a report on Friday, August 4th.
In other news, Director James E. Sweetnam sold 20,000 shares of the business’s stock in a transaction dated Tuesday, September 12th. The shares were sold at an average price of $8.76, for a total value of $175,200.00. Following the sale, the director now directly owns 10,000 shares in the company, valued at approximately $87,600. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director James E. Sweetnam sold 11,715 shares of the business’s stock in a transaction dated Friday, September 8th. The stock was 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 owns 20,000 shares in the company, valued at $181,800. The disclosure for this sale can be found here. Insiders own 3.85% of the company’s stock.
Shares of SunCoke Energy, Inc. (NYSE:SXC) opened at $10.73 on Monday. SunCoke Energy, Inc. has a fifty-two week low of $7.66 and a fifty-two week high of $13.14. The company has a quick ratio of 1.04, a current ratio of 1.58 and a debt-to-equity ratio of 1.69. The firm has a market cap of $690.54, a PE ratio of 27.51 and a beta of 1.30.
SunCoke Energy (NYSE:SXC) last posted its earnings results on Thursday, October 26th. The energy company reported $0.18 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.08) by $0.26. SunCoke Energy had a net margin of 0.42% and a return on equity of 4.60%. The firm had revenue of $339.00 million for the quarter, compared to the consensus estimate of $344.40 million. During the same period in the previous year, the firm posted $0.10 EPS. The business’s quarterly revenue was up 15.3% on a year-over-year basis. research analysts anticipate that SunCoke Energy, Inc. will post -0.16 earnings per share for the current year.
TRADEMARK VIOLATION WARNING: This news story was first posted by Watch List News and is the property of of Watch List News. If you are viewing this news story on another site, it was copied illegally and reposted in violation of international copyright & trademark law. The correct version of this news story can be read at https://www.watchlistnews.com/voya-investment-management-llc-trims-holdings-in-suncoke-energy-inc-sxc/1699492.html.
SunCoke Energy 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.
Want to see what other hedge funds are holding SXC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for SunCoke Energy, Inc. (NYSE:SXC).
Receive News & Ratings for SunCoke Energy Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for SunCoke Energy Inc. and related companies with Analyst Ratings Network's FREE daily email newsletter.