SunCoke Energy, Inc. (NYSE:SXC) Shares Sold by Exchange Traded Concepts LLC

Exchange Traded Concepts LLC lessened its holdings in shares of SunCoke Energy, Inc. (NYSE:SXC) by 50.4% during the third quarter, HoldingsChannel reports. The fund owned 26,360 shares of the energy company’s stock after selling 26,775 shares during the period. Exchange Traded Concepts LLC’s holdings in SunCoke Energy were worth $229,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. BNP Paribas Financial Markets grew its holdings in SunCoke Energy by 130.5% during the first quarter. BNP Paribas Financial Markets now owns 114,779 shares of the energy company’s stock worth $1,294,000 after acquiring an additional 64,978 shares during the period. Vanguard Group Inc. grew its holdings in SunCoke Energy by 1.1% in the first quarter. Vanguard Group Inc. now owns 6,843,301 shares of the energy company’s stock valued at $77,124,000 after purchasing an additional 77,649 shares during the last quarter. Bank of Montreal Can grew its holdings in SunCoke Energy by 111.3% in the second quarter. Bank of Montreal Can now owns 176,260 shares of the energy company’s stock valued at $1,729,000 after purchasing an additional 92,827 shares during the last quarter. Allspring Global Investments Holdings LLC grew its holdings in SunCoke Energy by 45.8% in the first quarter. Allspring Global Investments Holdings LLC now owns 53,705 shares of the energy company’s stock valued at $605,000 after purchasing an additional 16,869 shares during the last quarter. Finally, SG Americas Securities LLC acquired a new stake in SunCoke Energy in the third quarter valued at $667,000. Institutional investors and hedge funds own 90.45% of the company’s stock.

SunCoke Energy Stock Down 0.2 %

SunCoke Energy stock opened at $8.76 on Monday. The company has a debt-to-equity ratio of 0.74, a quick ratio of 1.19 and a current ratio of 2.22. The firm has a market capitalization of $736.50 million, a price-to-earnings ratio of 12.34 and a beta of 1.04. SunCoke Energy, Inc. has a fifty-two week low of $7.47 and a fifty-two week high of $11.85. The stock’s fifty day moving average is $8.49 and its two-hundred day moving average is $9.66.

SunCoke Energy (NYSE:SXC) last posted its earnings results on Wednesday, July 31st. The energy company reported $0.25 earnings per share for the quarter, beating the consensus estimate of $0.22 by $0.03. SunCoke Energy had a return on equity of 9.56% and a net margin of 3.11%. The company had revenue of $470.90 million for the quarter, compared to analyst estimates of $410.35 million. During the same quarter in the prior year, the company earned $0.24 earnings per share. SunCoke Energy’s revenue was down 11.9% compared to the same quarter last year. Analysts predict that SunCoke Energy, Inc. will post 0.94 EPS for the current fiscal year.

SunCoke Energy Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 3rd. Stockholders of record on Thursday, August 15th were given a $0.12 dividend. This is an increase from SunCoke Energy’s previous quarterly dividend of $0.10. This represents a $0.48 annualized dividend and a dividend yield of 5.48%. The ex-dividend date was Thursday, August 15th. SunCoke Energy’s dividend payout ratio is currently 67.61%.

Analyst Upgrades and Downgrades

Separately, StockNews.com raised SunCoke Energy from a “hold” rating to a “buy” rating in a report on Wednesday, October 16th.

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.