Quantinno Capital Management LP Makes New Investment in SunCoke Energy, Inc. (NYSE:SXC)

Quantinno Capital Management LP bought a new stake in shares of SunCoke Energy, Inc. (NYSE:SXC) in the 3rd quarter, according to its most recent filing with the SEC. The institutional investor bought 20,830 shares of the energy company’s stock, valued at approximately $181,000.

A number of other hedge funds have also made changes to their positions in SXC. Pacer Advisors Inc. boosted its stake in SunCoke Energy by 3.1% during the 2nd quarter. Pacer Advisors Inc. now owns 4,708,272 shares of the energy company’s stock valued at $46,141,000 after acquiring an additional 139,971 shares during the last quarter. American Century Companies Inc. grew its stake in SunCoke Energy by 13.2% in the second quarter. American Century Companies Inc. now owns 2,512,292 shares of the energy company’s stock worth $24,620,000 after purchasing an additional 292,050 shares in the last quarter. Federated Hermes Inc. raised its stake in SunCoke Energy by 0.3% during the second quarter. Federated Hermes Inc. now owns 820,731 shares of the energy company’s stock valued at $8,043,000 after buying an additional 2,335 shares in the last quarter. Hotchkis & Wiley Capital Management LLC bought a new position in SunCoke Energy during the 3rd quarter worth approximately $5,470,000. Finally, Empowered Funds LLC grew its position in shares of SunCoke Energy by 5.3% in the 3rd quarter. Empowered Funds LLC now owns 462,035 shares of the energy company’s stock worth $4,010,000 after acquiring an additional 23,450 shares in the last quarter. Institutional investors and hedge funds own 90.45% of the company’s stock.

Analyst Upgrades and Downgrades

SXC has been the topic of several research analyst reports. Benchmark restated a “buy” rating and set a $13.00 price objective on shares of SunCoke Energy in a research note on Tuesday, November 5th. StockNews.com upgraded shares of SunCoke Energy from a “hold” rating to a “buy” rating in a research report on Wednesday, October 16th.

SunCoke Energy Stock Performance

Shares of SXC stock opened at $11.82 on Tuesday. The company has a market cap of $993.97 million, a P/E ratio of 11.82 and a beta of 1.07. The business has a 50 day moving average of $10.93 and a two-hundred day moving average of $9.90. SunCoke Energy, Inc. has a 52 week low of $7.47 and a 52 week high of $12.82. The company has a quick ratio of 1.27, a current ratio of 2.22 and a debt-to-equity ratio of 0.71.

SunCoke Energy (NYSE:SXC) last released its quarterly earnings data on Thursday, October 31st. The energy company reported $0.36 earnings per share (EPS) for the quarter, beating 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 analyst estimates of $412.70 million. During the same quarter in the previous year, the firm posted $0.08 EPS. The business’s revenue for the quarter was down 5.8% compared to the same quarter last year. As a group, analysts anticipate that SunCoke Energy, Inc. will post 1.14 EPS for the current year.

SunCoke Energy Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, December 2nd. Stockholders of record on Thursday, November 14th were given a dividend of $0.12 per share. The ex-dividend date of this dividend was Thursday, November 14th. This represents a $0.48 annualized dividend and a dividend yield of 4.06%. SunCoke Energy’s dividend payout ratio is currently 48.00%.

SunCoke Energy Company 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.