Louisiana State Employees Retirement System boosted its stake in shares of SunCoke Energy, Inc. (NYSE:SXC) by 0.4% during the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 26,200 shares of the energy company’s stock after buying an additional 100 shares during the period. Louisiana State Employees Retirement System’s holdings in SunCoke Energy were worth $286,000 at the end of the most recent quarter.
Other large investors have also recently added to or reduced their stakes in the company. Strs Ohio boosted its stake in SunCoke Energy by 15.6% in the first quarter. Strs Ohio now owns 79,400 shares of the energy company’s stock valued at $711,000 after buying an additional 10,700 shares during the period. Alambic Investment Management L.P. purchased a new stake in SunCoke Energy during the first quarter valued at approximately $616,000. Quantitative Investment Management LLC purchased a new stake in SunCoke Energy during the first quarter valued at approximately $395,000. Advisor Partners LLC boosted its stake in SunCoke Energy by 3.1% in the first quarter. Advisor Partners LLC now owns 11,724 shares of the energy company’s stock valued at $105,000 after buying an additional 356 shares during the period. Finally, Ameriprise Financial Inc. boosted its stake in SunCoke Energy by 30.8% in the first quarter. Ameriprise Financial Inc. now owns 461,785 shares of the energy company’s stock valued at $4,136,000 after buying an additional 108,695 shares during the period. 98.12% of the stock is owned by institutional investors.
SunCoke Energy, Inc. (SXC) traded down 0.11% on Thursday, hitting $8.73. The stock had a trading volume of 113,762 shares. The company’s market capitalization is $561.59 million. SunCoke Energy, Inc. has a 12-month low of $6.28 and a 12-month high of $13.14. The company has a 50 day moving average of $9.90 and a 200 day moving average of $9.35.
SunCoke Energy (NYSE:SXC) last announced its quarterly earnings results on Thursday, July 27th. The energy company reported ($0.07) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.14) by $0.07. The company had revenue of $323.20 million during the quarter, compared to the consensus estimate of $347.90 million. SunCoke Energy had a negative net margin of 0.01% and a positive return on equity of 3.27%. The company’s revenue for the quarter was up 10.4% compared to the same quarter last year. During the same period in the prior year, the business earned ($0.07) earnings per share. On average, equities analysts expect that SunCoke Energy, Inc. will post ($0.34) earnings per share for the current year.
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Several equities research analysts have recently commented on SXC shares. TheStreet cut SunCoke Energy from a “c-” rating to a “d+” rating in a research note on Friday, August 4th. BidaskClub lowered SunCoke Energy from a “hold” rating to a “sell” rating in a research report on Friday, July 28th. Finally, Zacks Investment Research lowered SunCoke Energy from a “hold” rating to a “sell” rating in a research report on Friday, August 4th.
In related news, major shareholder Mangrove Partners Fund (Cayman sold 179,828 shares of the stock in a transaction on Wednesday, June 28th. The stock was sold at an average price of $11.22, for a total value of $2,017,670.16. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, major shareholder Mangrove Partners Master Fund, sold 41,131 shares of the stock in a transaction on Wednesday, July 5th. The shares were sold at an average price of $11.01, for a total value of $452,852.31. The disclosure for this sale can be found here. Insiders have sold 850,551 shares of company stock valued at $9,415,508 over the last quarter. Company insiders own 3.85% of the company’s stock.
About SunCoke Energy
SunCoke Energy, Inc is a producer of coke in the Americas. The Company’s segments include Domestic Coke, Brazil Coke, Coal Logistics, and Corporate and Other. The Domestic Coke segment consists of its Jewell Coke Company, L.P. (Jewell), Indiana Harbor Coke Company (Indiana Harbor), Haverhill Coke Company LLC (Haverhill), Gateway Energy and Coke Company, LLC (Granite City) and Middletown Coke Company, LLC (Middletown) cokemaking and heat recovery operations.
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