Assenagon Asset Management S.A. Sells 326,318 Shares of SunCoke Energy, Inc. (NYSE:SXC)

Assenagon Asset Management S.A. decreased its holdings in SunCoke Energy, Inc. (NYSE:SXC) 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 (NYSE:SXC) last issued its quarterly earnings data on Wednesday, July 31st. The energy company reported $0.25 EPS for the quarter, topping the consensus estimate of $0.22 by $0.03. The firm had revenue of $470.90 million during the quarter, compared to the consensus estimate of $410.35 million. SunCoke Energy had a return on equity of 9.56% and a net margin of 3.11%. The company’s quarterly revenue was down 11.9% compared to the same quarter last year. During the same period in the prior year, the business posted $0.24 earnings per share. As a group, equities research analysts expect that SunCoke Energy, Inc. will post 0.94 EPS for the current fiscal year.

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.

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.