GAMMA Investing LLC Grows Stock Holdings in SunCoke Energy, Inc. $SXC

GAMMA Investing LLC grew its holdings in SunCoke Energy, Inc. (NYSE:SXC) by 41.8% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,330 shares of the energy company’s stock after purchasing an additional 1,571 shares during the quarter. GAMMA Investing LLC’s holdings in SunCoke Energy were worth $46,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Wealth Enhancement Advisory Services LLC purchased a new position in SunCoke Energy during the first quarter worth approximately $106,000. Allspring Global Investments Holdings LLC raised its holdings in shares of SunCoke Energy by 54.0% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 34,728 shares of the energy company’s stock worth $319,000 after acquiring an additional 12,176 shares during the period. Principal Financial Group Inc. raised its holdings in shares of SunCoke Energy by 3.0% during the 1st quarter. Principal Financial Group Inc. now owns 420,006 shares of the energy company’s stock worth $3,864,000 after acquiring an additional 12,160 shares during the period. Voya Investment Management LLC raised its stake in SunCoke Energy by 47.7% during the first quarter. Voya Investment Management LLC now owns 166,454 shares of the energy company’s stock worth $1,531,000 after purchasing an additional 53,745 shares during the period. Finally, Y Intercept Hong Kong Ltd raised its stake in SunCoke Energy by 15.3% during the first quarter. Y Intercept Hong Kong Ltd now owns 30,822 shares of the energy company’s stock worth $284,000 after purchasing an additional 4,092 shares during the period. Hedge funds and other institutional investors own 90.45% of the company’s stock.

SunCoke Energy Price Performance

SXC stock opened at $8.45 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. The company has a market capitalization of $715.04 million, a PE ratio of 9.82 and a beta of 1.07. The business’s fifty day moving average price is $7.77 and its 200 day moving average price is $8.38. SunCoke Energy, Inc. has a 12-month low of $7.18 and a 12-month high of $12.82.

SunCoke Energy (NYSE:SXC) last issued its quarterly earnings results on Wednesday, July 30th. The energy company reported $0.02 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 firm’s revenue for the quarter was down 7.8% on a year-over-year basis. During the same quarter last year, the company earned $0.25 earnings per share. On average, sell-side analysts anticipate that SunCoke Energy, Inc. will post 0.71 EPS for the current year.

SunCoke Energy Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 2nd. Investors of record on Friday, August 15th were paid a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a yield of 5.7%. The ex-dividend date of this dividend was Friday, August 15th. SunCoke Energy’s dividend payout ratio is presently 55.81%.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reaffirmed a “hold (c)” rating on shares of SunCoke Energy in a research report on Saturday, September 27th. One research analyst has rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat, SunCoke Energy currently has a consensus rating of “Moderate Buy” and a consensus price target of $13.00.

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.