Brandywine Global Investment Management LLC Reduces Position in SunCoke Energy, Inc. (NYSE:SXC)

Brandywine Global Investment Management LLC reduced its stake in SunCoke Energy, Inc. (NYSE:SXC) by 4.4% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 198,261 shares of the energy company’s stock after selling 9,100 shares during the quarter. Brandywine Global Investment Management LLC owned about 0.24% of SunCoke Energy worth $2,121,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Mitsubishi UFJ Asset Management Co. Ltd. lifted its stake in shares of SunCoke Energy by 835.6% during the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 3,630 shares of the energy company’s stock worth $38,000 after purchasing an additional 3,242 shares during the period. GAMMA Investing LLC increased its stake in SunCoke Energy by 71.3% in the fourth quarter. GAMMA Investing LLC now owns 4,156 shares of the energy company’s stock valued at $44,000 after purchasing an additional 1,730 shares during the last quarter. KBC Group NV lifted its position in SunCoke Energy by 61.1% during the fourth quarter. KBC Group NV now owns 6,082 shares of the energy company’s stock worth $65,000 after buying an additional 2,307 shares during the period. Tocqueville Asset Management L.P. acquired a new stake in SunCoke Energy in the 4th quarter worth about $118,000. Finally, XTX Topco Ltd purchased a new stake in SunCoke Energy in the 3rd quarter valued at about $120,000. Institutional investors and hedge funds own 90.45% of the company’s stock.

SunCoke Energy Trading Down 0.4 %

Shares of SXC stock opened at $9.24 on Thursday. The firm’s 50-day simple moving average is $9.41 and its 200-day simple moving average is $10.04. The company has a debt-to-equity ratio of 0.71, a current ratio of 2.22 and a quick ratio of 1.27. SunCoke Energy, Inc. has a 1-year low of $7.47 and a 1-year high of $12.82. The firm has a market cap of $779.41 million, a P/E ratio of 8.25 and a beta of 0.90.

SunCoke Energy (NYSE:SXC) last posted its quarterly earnings results on Thursday, January 30th. The energy company reported $0.28 earnings per share for the quarter, topping analysts’ consensus estimates of $0.24 by $0.04. SunCoke Energy had a net margin of 4.95% and a return on equity of 14.31%. As a group, equities analysts forecast that SunCoke Energy, Inc. will post 0.71 EPS for the current year.

SunCoke Energy Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, March 3rd. Shareholders of record on Monday, February 17th were given a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a yield of 5.19%. The ex-dividend date was Friday, February 14th. SunCoke Energy’s dividend payout ratio (DPR) is presently 42.86%.

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.