SunCoke Energy, Inc. (NYSE:SXC) Shares Purchased by Jane Street Group LLC

Jane Street Group LLC raised its stake in SunCoke Energy, Inc. (NYSE:SXC) by 450.3% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 665,054 shares of the energy company’s stock after acquiring an additional 544,194 shares during the quarter. Jane Street Group LLC owned approximately 0.79% of SunCoke Energy worth $5,773,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in SXC. SummerHaven Investment Management LLC raised its stake in SunCoke Energy by 1.6% in the 2nd quarter. SummerHaven Investment Management LLC now owns 92,532 shares of the energy company’s stock valued at $907,000 after purchasing an additional 1,464 shares during the last quarter. Innealta Capital LLC acquired a new position in shares of SunCoke Energy in the second quarter valued at approximately $70,000. Lee Danner & Bass Inc. purchased a new position in shares of SunCoke Energy during the second quarter valued at approximately $245,000. Beacon Bridge Wealth Partners LLC acquired a new stake in SunCoke Energy during the second quarter worth approximately $111,000. Finally, Victory Capital Management Inc. grew its stake in SunCoke Energy by 3.9% in the 2nd quarter. Victory Capital Management Inc. now owns 107,414 shares of the energy company’s stock worth $1,053,000 after acquiring an additional 4,017 shares during the period. 90.45% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research firms have recently issued reports on SXC. StockNews.com upgraded SunCoke Energy from a “hold” rating to a “buy” rating in a report on Wednesday, October 16th. Benchmark restated a “buy” rating and issued a $13.00 price target on shares of SunCoke Energy in a report on Tuesday, November 5th.

SunCoke Energy Stock Performance

Shares of SXC stock opened at $11.91 on Monday. The company has a debt-to-equity ratio of 0.71, a quick ratio of 1.27 and a current ratio of 2.22. The firm has a market capitalization of $1.00 billion, a price-to-earnings ratio of 11.91 and a beta of 1.07. SunCoke Energy, Inc. has a one year low of $7.47 and a one year high of $12.82. The company has a 50 day moving average price of $10.87 and a 200 day moving average price of $9.89.

SunCoke Energy (NYSE:SXC) last released its quarterly earnings data on Thursday, October 31st. The energy company reported $0.36 EPS for the quarter, topping analysts’ consensus estimates of $0.22 by $0.14. SunCoke Energy had a return on equity of 12.95% and a net margin of 4.37%. The business had revenue of $490.10 million during the quarter, compared to the consensus estimate of $412.70 million. During the same period in the prior year, the firm posted $0.08 EPS. The business’s revenue for the quarter was down 5.8% on a year-over-year basis. Sell-side analysts anticipate that SunCoke Energy, Inc. will post 1.14 EPS for the current year.

SunCoke Energy Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, December 2nd. Stockholders of record on Thursday, November 14th were issued a $0.12 dividend. The ex-dividend date of this dividend was Thursday, November 14th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 4.03%. SunCoke Energy’s dividend payout ratio (DPR) is 48.00%.

SunCoke Energy Profile

SunCoke Energy, Inc operates as an independent producer of coke in the Americas and Brazil. The company operates through three segments: Domestic Coke, Brazil Coke, and Logistics. It offers metallurgical and thermal coal. The company also provides handling and/or mixing services to steel, coke, electric utility, coal producing, and other manufacturing based customers.