GAMMA Investing LLC Takes Position in SunCoke Energy, Inc. (NYSE:SXC)

GAMMA Investing LLC purchased a new position in SunCoke Energy, Inc. (NYSE:SXC) during the fourth quarter, Holdings Channel reports. The fund purchased 2,998 shares of the energy company’s stock, valued at approximately $31,000.

Other institutional investors also recently added to or reduced their stakes in the company. Catalyst Capital Advisors LLC bought a new stake in SunCoke Energy in the third quarter worth about $30,000. Millburn Ridgefield Corp purchased a new stake in shares of SunCoke Energy during the 3rd quarter worth approximately $30,000. Advisor Partners II LLC bought a new stake in shares of SunCoke Energy in the 3rd quarter worth approximately $102,000. Evergreen Capital Management LLC bought a new stake in shares of SunCoke Energy in the 3rd quarter worth approximately $103,000. Finally, Optas LLC purchased a new position in SunCoke Energy in the fourth quarter valued at approximately $108,000. Institutional investors own 90.45% of the company’s stock.

SunCoke Energy Price Performance

SXC opened at $10.31 on Monday. The firm has a 50-day moving average price of $10.81 and a 200-day moving average price of $10.31. SunCoke Energy, Inc. has a twelve month low of $6.71 and a twelve month high of $11.48. The company has a quick ratio of 1.05, a current ratio of 2.06 and a debt-to-equity ratio of 0.75. The company has a market capitalization of $866.76 million, a price-to-earnings ratio of 14.52 and a beta of 1.19.

SunCoke Energy (NYSE:SXC) last released its quarterly earnings data on Wednesday, May 1st. The energy company reported $0.23 EPS for the quarter, topping the consensus estimate of $0.22 by $0.01. SunCoke Energy had a net margin of 2.97% and a return on equity of 9.48%. The company had revenue of $488.40 million during the quarter, compared to the consensus estimate of $549.40 million. During the same period last year, the firm earned $0.19 EPS. SunCoke Energy’s revenue for the quarter was up .1% on a year-over-year basis. Equities analysts expect that SunCoke Energy, Inc. will post 0.86 EPS for the current year.

SunCoke Energy Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, June 3rd. Stockholders of record on Wednesday, May 15th will be given a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 3.88%. The ex-dividend date is Tuesday, May 14th. SunCoke Energy’s dividend payout ratio (DPR) is presently 56.34%.

Insider Activity at SunCoke Energy

In related news, CEO Michael G. Rippey sold 122,533 shares of the stock in a transaction dated Monday, March 11th. The stock was sold at an average price of $11.11, for a total transaction of $1,361,341.63. Following the sale, the chief executive officer now owns 521,073 shares of the company’s stock, valued at approximately $5,789,121.03. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, CEO Michael G. Rippey sold 122,533 shares of the business’s stock in a transaction that occurred on Monday, March 11th. The shares were sold at an average price of $11.11, for a total transaction of $1,361,341.63. Following the completion of the transaction, the chief executive officer now owns 521,073 shares of the company’s stock, valued at $5,789,121.03. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CEO Michael G. Rippey sold 78,714 shares of the stock in a transaction that occurred on Wednesday, March 13th. The stock was sold at an average price of $11.06, for a total transaction of $870,576.84. Following the completion of the sale, the chief executive officer now owns 342,359 shares in the company, valued at $3,786,490.54. The disclosure for this sale can be found here. In the last three months, insiders have sold 251,572 shares of company stock worth $2,781,834. 1.73% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of analysts have issued reports on the company. Benchmark reissued a “buy” rating and issued a $12.00 target price on shares of SunCoke Energy in a research report on Thursday. StockNews.com downgraded SunCoke Energy from a “strong-buy” rating to a “buy” rating in a research note on Friday.

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.