Los Angeles Capital Management LLC Has $1.05 Million Stake in SunCoke Energy, Inc. (NYSE:SXC)

Los Angeles Capital Management LLC reduced its holdings in shares of SunCoke Energy, Inc. (NYSE:SXC) by 8.0% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 121,286 shares of the energy company’s stock after selling 10,485 shares during the period. Los Angeles Capital Management LLC owned 0.14% of SunCoke Energy worth $1,053,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. CWA Asset Management Group LLC acquired a new stake in SunCoke Energy during the third quarter worth approximately $497,000. Olympiad Research LP grew its position in shares of SunCoke Energy by 99.6% during the 3rd quarter. Olympiad Research LP now owns 45,318 shares of the energy company’s stock worth $393,000 after buying an additional 22,612 shares during the period. Optas LLC bought a new stake in shares of SunCoke Energy in the 3rd quarter valued at $88,000. Semanteon Capital Management LP bought a new position in SunCoke Energy during the third quarter worth $802,000. Finally, nVerses Capital LLC boosted its stake in SunCoke Energy by 488.9% during the third quarter. nVerses Capital LLC now owns 5,300 shares of the energy company’s stock worth $46,000 after acquiring an additional 4,400 shares in the last quarter. 90.45% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several equities analysts have recently weighed in on the stock. Benchmark reiterated a “buy” rating and set a $13.00 price objective on shares of SunCoke Energy in a report on Tuesday, November 5th. StockNews.com upgraded SunCoke Energy from a “hold” rating to a “buy” rating in a report on Wednesday, October 16th.

SunCoke Energy Trading Down 0.8 %

SXC opened at $12.29 on Friday. SunCoke Energy, Inc. has a fifty-two week low of $7.47 and a fifty-two week high of $12.81. The firm has a market capitalization of $1.03 billion, a PE ratio of 12.29 and a beta of 1.02. The company has a debt-to-equity ratio of 0.71, a current ratio of 2.22 and a quick ratio of 1.27. The company’s 50-day moving average is $9.11 and its 200 day moving average is $9.61.

SunCoke Energy (NYSE:SXC) last posted its earnings results on Thursday, October 31st. The energy company reported $0.36 earnings per share for the quarter, beating analysts’ consensus estimates of $0.22 by $0.14. SunCoke Energy had a return on equity of 12.95% and a net margin of 4.37%. The company had revenue of $490.10 million for the quarter, compared to analyst estimates of $412.70 million. During the same quarter last year, the company earned $0.08 earnings per share. The company’s revenue for the quarter was down 5.8% on a year-over-year basis. As a group, research analysts predict that SunCoke Energy, Inc. will post 1.14 earnings per share for the current fiscal year.

SunCoke Energy Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, December 2nd. Stockholders of record on Thursday, November 14th will be paid a $0.12 dividend. The ex-dividend date of this dividend is Thursday, November 14th. This represents a $0.48 annualized dividend and a dividend yield of 3.91%. SunCoke Energy’s payout ratio is 48.00%.

SunCoke Energy 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.