Connor Clark & Lunn Investment Management Ltd. Raises Position in SunCoke Energy, Inc. (NYSE:SXC)

Connor Clark & Lunn Investment Management Ltd. boosted its position in shares of SunCoke Energy, Inc. (NYSE:SXC) by 13.6% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 312,955 shares of the energy company’s stock after purchasing an additional 37,378 shares during the period. Connor Clark & Lunn Investment Management Ltd. owned approximately 0.37% of SunCoke Energy worth $2,716,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently bought and sold shares of SXC. Jacobs Levy Equity Management Inc. boosted its holdings in shares of SunCoke Energy by 84.6% during the first quarter. Jacobs Levy Equity Management Inc. now owns 724,886 shares of the energy company’s stock valued at $8,169,000 after acquiring an additional 332,197 shares during the period. American Century Companies Inc. grew its position in SunCoke Energy by 13.2% in the second quarter. American Century Companies Inc. now owns 2,512,292 shares of the energy company’s stock worth $24,620,000 after buying an additional 292,050 shares during the last quarter. Pacer Advisors Inc. raised its holdings in SunCoke Energy by 3.1% during the 2nd quarter. Pacer Advisors Inc. now owns 4,708,272 shares of the energy company’s stock worth $46,141,000 after buying an additional 139,971 shares during the period. GSA Capital Partners LLP raised its stake in SunCoke Energy by 112.5% during the 3rd quarter. GSA Capital Partners LLP now owns 176,855 shares of the energy company’s stock valued at $1,535,000 after purchasing an additional 93,644 shares during the period. Finally, Bank of Montreal Can lifted its stake in SunCoke Energy by 111.3% in the 2nd quarter. Bank of Montreal Can now owns 176,260 shares of the energy company’s stock worth $1,729,000 after acquiring an additional 92,827 shares in the last quarter. Institutional investors and hedge funds own 90.45% of the company’s stock.

SunCoke Energy Stock Up 0.8 %

Shares of SXC opened at $12.72 on Monday. The company has a debt-to-equity ratio of 0.71, a quick ratio of 1.27 and a current ratio of 2.22. The company has a 50-day simple moving average of $9.67 and a 200-day simple moving average of $9.69. SunCoke Energy, Inc. has a 52 week low of $7.47 and a 52 week high of $12.82. The firm has a market capitalization of $1.07 billion, a P/E ratio of 12.72 and a beta of 1.02.

SunCoke Energy (NYSE:SXC) last posted its quarterly earnings results on Thursday, October 31st. The energy company reported $0.36 earnings per share for the quarter, topping analysts’ consensus estimates of $0.22 by $0.14. SunCoke Energy had a net margin of 4.37% and a return on equity of 12.95%. The firm had revenue of $490.10 million for the quarter, compared to the consensus estimate of $412.70 million. During the same quarter in the previous year, the company earned $0.08 earnings per share. The business’s revenue was down 5.8% compared to the same quarter last year. On average, equities research analysts expect that SunCoke Energy, Inc. will post 1.14 earnings per share for the current 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. This represents a $0.48 dividend on an annualized basis and a dividend yield of 3.77%. The ex-dividend date is Thursday, November 14th. SunCoke Energy’s dividend payout ratio (DPR) is currently 48.00%.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the stock. Benchmark reissued a “buy” rating and set a $13.00 target price on shares of SunCoke Energy in a research note on Tuesday, November 5th. StockNews.com raised shares of SunCoke Energy from a “hold” rating to a “buy” rating in a research report on Wednesday, October 16th.

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.