LSV Asset Management Purchases 433,395 Shares of SunCoke Energy, Inc. $SXC

LSV Asset Management boosted its position in shares of SunCoke Energy, Inc. (NYSE:SXC) by 14.5% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 3,427,707 shares of the energy company’s stock after acquiring an additional 433,395 shares during the period. LSV Asset Management owned 4.05% of SunCoke Energy worth $29,444,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently made changes to their positions in SXC. Allworth Financial LP grew its stake in SunCoke Energy by 80.6% during the 2nd quarter. Allworth Financial LP now owns 3,629 shares of the energy company’s stock worth $31,000 after buying an additional 1,620 shares during the last quarter. GAMMA Investing LLC boosted its holdings in SunCoke Energy by 41.8% in the second quarter. GAMMA Investing LLC now owns 5,330 shares of the energy company’s stock worth $46,000 after acquiring an additional 1,571 shares in the last quarter. CWM LLC boosted its holdings in SunCoke Energy by 159.9% in the first quarter. CWM LLC now owns 5,522 shares of the energy company’s stock worth $51,000 after acquiring an additional 3,397 shares in the last quarter. Cresset Asset Management LLC purchased a new stake in shares of SunCoke Energy during the first quarter worth about $93,000. Finally, Aigen Investment Management LP acquired a new position in shares of SunCoke Energy during the first quarter valued at about $98,000. Hedge funds and other institutional investors own 90.45% of the company’s stock.

Insider Activity at SunCoke Energy

In other news, Director Ratta Ralph M. Della, Jr. bought 7,288 shares of the business’s stock in a transaction dated Thursday, November 6th. The stock was purchased at an average cost of $6.86 per share, with a total value of $49,995.68. Following the acquisition, the director directly owned 86,293 shares in the company, valued at $591,969.98. This trade represents a 9.22% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 1.49% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of research firms recently commented on SXC. B. Riley lowered their target price on shares of SunCoke Energy from $11.00 to $10.00 and set a “neutral” rating for the company in a research note on Wednesday, November 12th. Weiss Ratings reiterated a “hold (c)” rating on shares of SunCoke Energy in a research note on Wednesday, October 8th. Two investment analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $10.00.

SunCoke Energy Price Performance

Shares of SXC opened at $6.39 on Wednesday. The business’s 50-day moving average is $7.82 and its two-hundred day moving average is $8.05. The company has a market capitalization of $540.59 million, a P/E ratio of 7.42 and a beta of 1.08. SunCoke Energy, Inc. has a fifty-two week low of $6.25 and a fifty-two week high of $12.82. The company has a debt-to-equity ratio of 0.70, a quick ratio of 1.45 and a current ratio of 2.61.

SunCoke Energy (NYSE:SXC) last issued its earnings results on Tuesday, November 4th. The energy company reported $0.26 EPS for the quarter, topping analysts’ consensus estimates of $0.14 by $0.12. The firm had revenue of $487.00 million for the quarter, compared to the consensus estimate of $349.30 million. SunCoke Energy had a return on equity of 10.43% and a net margin of 3.99%.The company’s revenue was down .6% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.36 earnings per share. Research analysts predict that SunCoke Energy, Inc. will post 0.71 earnings per share for the current year.

SunCoke Energy Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 1st. Stockholders of record on Monday, November 17th will be paid a dividend of $0.12 per share. The ex-dividend date of this dividend is Monday, November 17th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 7.5%. SunCoke Energy’s dividend payout ratio (DPR) is presently 63.16%.

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.