Nuveen Asset Management LLC increased its stake in shares of SunCoke Energy Inc (NYSE:SXC) by 45.8% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 3,975,174 shares of the energy company’s stock after acquiring an additional 1,249,427 shares during the quarter. Nuveen Asset Management LLC owned approximately 0.06% of SunCoke Energy worth $42,773,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors also recently modified their holdings of the company. SG Americas Securities LLC bought a new position in SunCoke Energy during the first quarter worth $114,000. Alambic Investment Management L.P. bought a new position in SunCoke Energy during the fourth quarter worth $133,000. Stone Ridge Asset Management LLC bought a new position in SunCoke Energy during the fourth quarter worth $170,000. Koch Industries Inc. bought a new position in SunCoke Energy during the fourth quarter worth $175,000. Finally, Virtu Financial LLC bought a new position in SunCoke Energy during the fourth quarter worth $197,000. 91.28% of the stock is currently owned by institutional investors and hedge funds.
SunCoke Energy opened at $13.75 on Thursday, according to Marketbeat Ratings. The company has a debt-to-equity ratio of 1.30, a quick ratio of 1.18 and a current ratio of 1.73. SunCoke Energy Inc has a 1-year low of $8.20 and a 1-year high of $14.00. The firm has a market cap of $898.11 million, a price-to-earnings ratio of 49.11 and a beta of 1.18.
SunCoke Energy (NYSE:SXC) last released its quarterly earnings data on Thursday, April 26th. The energy company reported $0.13 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.01 by $0.12. SunCoke Energy had a net margin of 9.48% and a return on equity of 4.33%. The firm had revenue of $350.50 million for the quarter, compared to the consensus estimate of $334.00 million. During the same quarter in the prior year, the company posted $0.02 earnings per share. The business’s revenue was up 13.1% on a year-over-year basis. equities research analysts anticipate that SunCoke Energy Inc will post 0.35 earnings per share for the current year.
Several research firms have weighed in on SXC. Zacks Investment Research upgraded shares of SunCoke Energy from a “hold” rating to a “buy” rating and set a $11.00 price objective on the stock in a report on Friday, February 9th. B. Riley lowered their price objective on shares of SunCoke Energy from $15.00 to $14.00 and set a “buy” rating on the stock in a report on Monday, April 30th. Clarkson Capital upgraded shares of SunCoke Energy from a “neutral” rating to a “buy” rating in a report on Thursday, February 15th. Seaport Global Securities began coverage on shares of SunCoke Energy in a report on Tuesday, April 3rd. They set a “buy” rating and a $13.00 price objective on the stock. Finally, ValuEngine upgraded shares of SunCoke Energy from a “sell” rating to a “hold” rating in a report on Friday, April 27th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and three have assigned a buy rating to the company. The stock has an average rating of “Hold” and a consensus price target of $12.67.
SunCoke Energy Profile
SunCoke Energy, Inc operates as an independent producer of coke in the Americas. 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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