Royce & Associates LP Boosts Holdings in SunCoke Energy, Inc. $SXC

Royce & Associates LP increased its stake in shares of SunCoke Energy, Inc. (NYSE:SXC) by 106.7% during the 4th quarter, Holdings Channel.com reports. The fund owned 118,406 shares of the energy company’s stock after purchasing an additional 61,119 shares during the quarter. Royce & Associates LP’s holdings in SunCoke Energy were worth $853,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. EverSource Wealth Advisors LLC boosted its stake in SunCoke Energy by 544.8% in the second quarter. EverSource Wealth Advisors LLC now owns 2,992 shares of the energy company’s stock valued at $26,000 after acquiring an additional 2,528 shares in the last quarter. Farther Finance Advisors LLC increased its position in shares of SunCoke Energy by 69.4% during the fourth quarter. Farther Finance Advisors LLC now owns 3,831 shares of the energy company’s stock worth $28,000 after purchasing an additional 1,569 shares in the last quarter. Signaturefd LLC increased its position in shares of SunCoke Energy by 44.9% during the fourth quarter. Signaturefd LLC now owns 4,256 shares of the energy company’s stock worth $31,000 after purchasing an additional 1,318 shares in the last quarter. Hantz Financial Services Inc. lifted its holdings in shares of SunCoke Energy by 190.0% in the 3rd quarter. Hantz Financial Services Inc. now owns 4,132 shares of the energy company’s stock valued at $34,000 after purchasing an additional 2,707 shares during the last quarter. Finally, Tower Research Capital LLC TRC boosted its position in shares of SunCoke Energy by 176.2% in the 2nd quarter. Tower Research Capital LLC TRC now owns 5,615 shares of the energy company’s stock valued at $48,000 after purchasing an additional 3,582 shares during the period. 90.45% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

SXC has been the topic of a number of research reports. B. Riley Financial dropped their price target on SunCoke Energy from $10.00 to $9.00 and set a “neutral” rating on the stock in a research note on Wednesday, February 18th. Weiss Ratings cut SunCoke Energy from a “hold (c-)” rating to a “sell (d)” rating in a research note on Tuesday, March 3rd. One research analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, SunCoke Energy has a consensus rating of “Reduce” and an average target price of $9.00.

SunCoke Energy Price Performance

Shares of NYSE SXC opened at $9.04 on Monday. The company has a debt-to-equity ratio of 1.09, a quick ratio of 1.31 and a current ratio of 2.23. SunCoke Energy, Inc. has a one year low of $5.51 and a one year high of $9.30. The firm has a market capitalization of $766.70 million, a P/E ratio of -11.74 and a beta of 0.96. The company’s fifty day moving average is $7.03 and its two-hundred day moving average is $7.06.

SunCoke Energy (NYSE:SXC) last announced its quarterly earnings results on Thursday, April 30th. The energy company reported ($0.05) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.08 by ($0.13). SunCoke Energy had a negative net margin of 3.55% and a positive return on equity of 4.47%. The company had revenue of $455.10 million during the quarter, compared to analysts’ expectations of $416.15 million. During the same quarter in the prior year, the business earned $0.20 EPS. The business’s revenue for the quarter was up 4.4% compared to the same quarter last year. Analysts forecast that SunCoke Energy, Inc. will post 0.2 EPS for the current fiscal year.

SunCoke Energy Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, June 2nd. Shareholders of record on Friday, May 15th will be issued a $0.12 dividend. The ex-dividend date of this dividend is Friday, May 15th. This represents a $0.48 dividend on an annualized basis and a yield of 5.3%. SunCoke Energy’s dividend payout ratio (DPR) is -62.34%.

About SunCoke Energy

SunCoke Energy, Inc is a leading independent producer of metallurgical coke and related products for the steel and foundry industries. The company specializes in manufacturing both blast furnace coke and foundry coke, offering high‐quality, low‐sulfur coal products that serve as essential inputs in steelmaking and metal casting processes. In addition to coke production, SunCoke provides comprehensive engineering, maintenance and environmental solutions tailored to the needs of integrated steel mills and foundries.

The company operates a network of coke production facilities across the United States, including plants in Indiana, Ohio, West Virginia and Louisiana.