Y Intercept Hong Kong Ltd Reduces Holdings in SunCoke Energy, Inc. $SXC

Y Intercept Hong Kong Ltd lowered its position in shares of SunCoke Energy, Inc. (NYSE:SXC) by 71.8% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 58,745 shares of the energy company’s stock after selling 149,370 shares during the period. Y Intercept Hong Kong Ltd’s holdings in SunCoke Energy were worth $479,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also recently added to or reduced their stakes in SXC. EverSource Wealth Advisors LLC grew its position in SunCoke Energy by 544.8% in the second quarter. EverSource Wealth Advisors LLC now owns 2,992 shares of the energy company’s stock worth $26,000 after acquiring an additional 2,528 shares during the period. Allworth Financial LP lifted its stake in shares of SunCoke Energy by 80.6% in the 2nd quarter. Allworth Financial LP now owns 3,629 shares of the energy company’s stock valued at $31,000 after purchasing an additional 1,620 shares during the last quarter. Tower Research Capital LLC TRC grew its holdings in shares of SunCoke Energy by 176.2% during the 2nd quarter. Tower Research Capital LLC TRC now owns 5,615 shares of the energy company’s stock worth $48,000 after purchasing an additional 3,582 shares during the period. Wilmington Savings Fund Society FSB grew its holdings in shares of SunCoke Energy by 387.8% during the 3rd quarter. Wilmington Savings Fund Society FSB now owns 9,434 shares of the energy company’s stock worth $77,000 after purchasing an additional 7,500 shares during the period. Finally, Mitsubishi UFJ Trust & Banking Corp acquired a new stake in shares of SunCoke Energy during the 3rd quarter worth about $87,000. 90.45% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at SunCoke Energy

In related news, Director Ratta Ralph M. Della, Jr. acquired 7,288 shares of the business’s stock in a transaction dated Thursday, November 6th. The shares were acquired at an average price of $6.86 per share, with a total value of $49,995.68. Following the completion of the transaction, the director owned 86,293 shares of the company’s stock, valued at $591,969.98. The trade was a 9.22% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 1.49% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of research firms have commented on SXC. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of SunCoke Energy in a research report on Monday, December 22nd. B. Riley reduced their price target on shares of SunCoke Energy from $11.00 to $10.00 and set a “neutral” rating on the stock in a research note on Wednesday, November 12th. Two research analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, SunCoke Energy presently has a consensus rating of “Hold” and a consensus target price of $10.00.

SunCoke Energy Stock Performance

NYSE SXC opened at $8.12 on Wednesday. The company has a debt-to-equity ratio of 0.96, a current ratio of 2.12 and a quick ratio of 1.17. The company has a market cap of $687.10 million, a P/E ratio of 10.68 and a beta of 0.98. The stock has a 50-day moving average of $7.42 and a two-hundred day moving average of $7.61. SunCoke Energy, Inc. has a 1-year low of $6.24 and a 1-year high of $10.08.

SunCoke Energy (NYSE:SXC) last posted its quarterly earnings data on Tuesday, November 4th. The energy company reported $0.26 EPS for the quarter, beating the consensus estimate of $0.14 by $0.12. The business had revenue of $487.00 million during the quarter, compared to analyst estimates of $349.30 million. SunCoke Energy had a net margin of 3.53% and a return on equity of 9.11%. The business’s revenue for the quarter was down .6% compared to the same quarter last year. During the same quarter last year, the firm posted $0.36 earnings per share. As a group, analysts anticipate that SunCoke Energy, Inc. will post 0.71 EPS for the current year.

SunCoke Energy Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 2nd. Shareholders of record on Tuesday, February 17th will be given a $0.12 dividend. This represents a $0.48 annualized dividend and a yield of 5.9%. The ex-dividend date of this dividend is Tuesday, February 17th. SunCoke Energy’s dividend payout ratio (DPR) is currently 63.16%.

About SunCoke Energy

SunCoke Energy, Inc is a leading independent producer of metallurgical coke and related products for the steel and foundry industries. The company specializes in manufacturing both blast furnace coke and foundry coke, offering high‐quality, low‐sulfur coal products that serve as essential inputs in steelmaking and metal casting processes. In addition to coke production, SunCoke provides comprehensive engineering, maintenance and environmental solutions tailored to the needs of integrated steel mills and foundries.

The company operates a network of coke production facilities across the United States, including plants in Indiana, Ohio, West Virginia and Louisiana.