Hsbc Holdings PLC Sells 1,380 Shares of SunCoke Energy, Inc. $SXC

Hsbc Holdings PLC lowered its holdings in shares of SunCoke Energy, Inc. (NYSE:SXC) by 5.9% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 21,937 shares of the energy company’s stock after selling 1,380 shares during the quarter. Hsbc Holdings PLC’s holdings in SunCoke Energy were worth $201,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Versant Capital Management Inc grew its position in shares of SunCoke Energy by 61.6% during the first quarter. Versant Capital Management Inc now owns 4,416 shares of the energy company’s stock worth $41,000 after purchasing an additional 1,683 shares in the last quarter. CWM LLC grew its position in shares of SunCoke Energy by 159.9% during the first quarter. CWM LLC now owns 5,522 shares of the energy company’s stock worth $51,000 after purchasing an additional 3,397 shares in the last quarter. Virtus Fund Advisers LLC purchased a new stake in shares of SunCoke Energy during the fourth quarter worth about $57,000. Cresset Asset Management LLC purchased a new stake in shares of SunCoke Energy during the first quarter worth about $93,000. Finally, Aigen Investment Management LP purchased a new stake in shares of SunCoke Energy during the first quarter worth about $98,000. Hedge funds and other institutional investors own 90.45% of the company’s stock.

SunCoke Energy Stock Performance

NYSE:SXC opened at $7.88 on Friday. 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 $7.18 and a 12-month high of $12.82. The stock has a 50-day moving average price of $8.01 and a 200 day moving average price of $8.55. The stock has a market capitalization of $666.78 million, a P/E ratio of 9.16 and a beta of 1.07.

SunCoke Energy (NYSE:SXC) last released its earnings results on Wednesday, July 30th. The energy company reported $0.02 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.15 by ($0.13). The business had revenue of $434.10 million for the quarter, compared to analysts’ expectations of $348.05 million. SunCoke Energy had a return on equity of 10.43% and a net margin of 3.99%.The business’s revenue for the quarter was down 7.8% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.25 EPS. Equities research analysts forecast that SunCoke Energy, Inc. will post 0.71 EPS for the current fiscal year.

SunCoke Energy Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 2nd. Shareholders of record on Friday, August 15th were issued a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a yield of 6.1%. The ex-dividend date was Friday, August 15th. SunCoke Energy’s dividend payout ratio (DPR) is currently 55.81%.

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.