Allianz Asset Management GmbH Has $349,000 Position in SunCoke Energy, Inc. $SXC

Allianz Asset Management GmbH lowered its stake in shares of SunCoke Energy, Inc. (NYSE:SXC) by 37.1% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 40,684 shares of the energy company’s stock after selling 24,000 shares during the quarter. Allianz Asset Management GmbH’s holdings in SunCoke Energy were worth $349,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. CWM LLC boosted its holdings in shares of SunCoke Energy by 260.0% in the 2nd quarter. CWM LLC now owns 19,878 shares of the energy company’s stock valued at $171,000 after purchasing an additional 14,356 shares in the last quarter. KLP Kapitalforvaltning AS boosted its holdings in shares of SunCoke Energy by 162.1% in the 2nd quarter. KLP Kapitalforvaltning AS now owns 89,900 shares of the energy company’s stock valued at $772,000 after purchasing an additional 55,600 shares in the last quarter. State of Alaska Department of Revenue boosted its holdings in shares of SunCoke Energy by 7.8% in the 2nd quarter. State of Alaska Department of Revenue now owns 50,365 shares of the energy company’s stock valued at $431,000 after purchasing an additional 3,626 shares in the last quarter. Ballentine Partners LLC boosted its holdings in shares of SunCoke Energy by 118.9% in the 2nd quarter. Ballentine Partners LLC now owns 24,277 shares of the energy company’s stock valued at $209,000 after purchasing an additional 13,189 shares in the last quarter. Finally, Counterpoint Mutual Funds LLC acquired a new stake in shares of SunCoke Energy in the 2nd quarter valued at $339,000. Institutional investors and hedge funds own 90.45% of the company’s stock.

Analysts Set New Price Targets

Separately, Weiss Ratings reaffirmed a “hold (c)” rating on shares of SunCoke Energy in a report on Wednesday, October 8th. One equities research analyst has rated the stock with a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat.com, SunCoke Energy presently has a consensus rating of “Moderate Buy” and a consensus target price of $13.00.

SunCoke Energy Stock Up 1.5%

Shares of SXC opened at $7.99 on Wednesday. SunCoke Energy, Inc. has a 52 week low of $7.18 and a 52 week high of $12.82. The stock has a market capitalization of $676.09 million, a price-to-earnings ratio of 9.28 and a beta of 1.07. The company has a debt-to-equity ratio of 0.70, a quick ratio of 1.45 and a current ratio of 2.61. The stock has a fifty day moving average of $7.97 and a 200-day moving average of $8.29.

SunCoke Energy (NYSE:SXC) last announced its quarterly earnings results on Wednesday, July 30th. The energy company reported $0.02 EPS for the quarter, missing analysts’ consensus estimates of $0.15 by ($0.13). SunCoke Energy had a net margin of 3.99% and a return on equity of 10.43%. The firm had revenue of $434.10 million during the quarter, compared to the consensus estimate of $348.05 million. During the same quarter in the previous year, the company posted $0.25 earnings per share. The firm’s revenue was down 7.8% on a year-over-year basis. As a group, sell-side analysts anticipate that SunCoke Energy, Inc. will post 0.71 earnings per share for the current fiscal year.

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.