Assenagon Asset Management S.A. decreased its holdings in SunCoke Energy, Inc. (NYSE:SXC – Free Report) by 41.6% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 457,460 shares of the energy company’s stock after selling 326,318 shares during the quarter. Assenagon Asset Management S.A.’s holdings in SunCoke Energy were worth $4,483,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also bought and sold shares of SXC. Verity Asset Management Inc. acquired a new stake in shares of SunCoke Energy during the first quarter worth $414,000. EMC Capital Management acquired a new position in SunCoke Energy in the first quarter valued at approximately $216,000. Jacobs Levy Equity Management Inc. lifted its stake in SunCoke Energy by 84.6% in the first quarter. Jacobs Levy Equity Management Inc. now owns 724,886 shares of the energy company’s stock valued at $8,169,000 after buying an additional 332,197 shares during the period. Bridgeway Capital Management LLC boosted its holdings in shares of SunCoke Energy by 2.1% during the 1st quarter. Bridgeway Capital Management LLC now owns 1,479,685 shares of the energy company’s stock worth $16,676,000 after buying an additional 30,790 shares in the last quarter. Finally, Public Employees Retirement System of Ohio lifted its position in shares of SunCoke Energy by 2.6% during the 1st quarter. Public Employees Retirement System of Ohio now owns 99,682 shares of the energy company’s stock valued at $1,123,000 after acquiring an additional 2,539 shares during the period. 90.45% of the stock is currently owned by institutional investors and hedge funds.
SunCoke Energy Trading Down 1.1 %
NYSE:SXC opened at $8.71 on Tuesday. The company has a debt-to-equity ratio of 0.74, a current ratio of 2.22 and a quick ratio of 1.19. SunCoke Energy, Inc. has a one year low of $8.07 and a one year high of $11.85. The company has a market cap of $732.42 million, a PE ratio of 12.27 and a beta of 1.09. The firm has a 50-day moving average of $9.91 and a 200-day moving average of $10.44.
SunCoke Energy Increases Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 3rd. Shareholders of record on Thursday, August 15th will be issued a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a yield of 5.51%. This is an increase from SunCoke Energy’s previous quarterly dividend of $0.10. The ex-dividend date is Thursday, August 15th. SunCoke Energy’s payout ratio is currently 56.34%.
Analyst Ratings Changes
A number of research analysts recently weighed in on the company. StockNews.com downgraded SunCoke Energy from a “strong-buy” rating to a “buy” rating in a research note on Thursday, July 4th. Benchmark reaffirmed a “buy” rating and set a $12.00 target price on shares of SunCoke Energy in a research report on Thursday, May 2nd.
View Our Latest Research Report on SXC
Insider Transactions at SunCoke Energy
In related news, CTO John F. Quanci sold 4,532 shares of the firm’s stock in a transaction dated Friday, May 24th. The shares were sold at an average price of $10.67, for a total transaction of $48,356.44. Following the transaction, the chief technology officer now directly owns 19,922 shares of the company’s stock, valued at $212,567.74. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 1.73% of the company’s stock.
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.
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