Los Angeles Capital Management LLC Sells 50,930 Shares of SunCoke Energy, Inc. $SXC

Los Angeles Capital Management LLC lowered its stake in SunCoke Energy, Inc. (NYSE:SXC) by 59.0% during the second quarter, according to the company in its most recent filing with the SEC. The fund owned 35,430 shares of the energy company’s stock after selling 50,930 shares during the period. Los Angeles Capital Management LLC’s holdings in SunCoke Energy were worth $304,000 as of its most recent filing with the SEC.

Other hedge funds have also recently bought and sold shares of the company. Wealth Enhancement Advisory Services LLC increased its stake in shares of SunCoke Energy by 138.6% during the second quarter. Wealth Enhancement Advisory Services LLC now owns 27,556 shares of the energy company’s stock worth $240,000 after purchasing an additional 16,008 shares during the period. Voya Investment Management LLC grew its holdings in SunCoke Energy by 47.7% in the 1st quarter. Voya Investment Management LLC now owns 166,454 shares of the energy company’s stock valued at $1,531,000 after buying an additional 53,745 shares in the last quarter. Victory Capital Management Inc. increased its position in SunCoke Energy by 79.0% during the 1st quarter. Victory Capital Management Inc. now owns 190,784 shares of the energy company’s stock worth $1,755,000 after buying an additional 84,178 shares during the period. Y Intercept Hong Kong Ltd increased its position in SunCoke Energy by 15.3% during the 1st quarter. Y Intercept Hong Kong Ltd now owns 30,822 shares of the energy company’s stock worth $284,000 after buying an additional 4,092 shares during the period. Finally, Jump Financial LLC acquired a new stake in shares of SunCoke Energy during the first quarter worth $1,256,000. 90.45% of the stock is currently owned by institutional investors and hedge funds.

SunCoke Energy Price Performance

SunCoke Energy stock opened at $6.75 on Monday. The stock has a 50-day moving average price of $7.86 and a two-hundred day moving average price of $8.09. The company has a current ratio of 2.61, a quick ratio of 1.45 and a debt-to-equity ratio of 0.70. SunCoke Energy, Inc. has a 12 month low of $6.57 and a 12 month high of $12.82. The company has a market capitalization of $571.75 million, a PE ratio of 7.85 and a beta of 1.08.

SunCoke Energy (NYSE:SXC) last posted its earnings results on Tuesday, November 4th. The energy company reported $0.26 earnings per share 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 analyst estimates of $349.30 million. SunCoke Energy had a net margin of 3.99% and a return on equity of 10.43%. The company’s revenue for the quarter was down .6% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.36 EPS. Analysts expect that SunCoke Energy, Inc. will post 0.71 EPS for the current year.

SunCoke Energy Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 1st. Investors of record on Monday, November 17th will be paid a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a dividend yield of 7.1%. The ex-dividend date of this dividend is Monday, November 17th. SunCoke Energy’s payout ratio is currently 63.16%.

Insider Activity at SunCoke Energy

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

Analysts Set New Price Targets

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

About SunCoke Energy

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.