American Century Companies Inc. Purchases 218,263 Shares of SunCoke Energy, Inc. $SXC

American Century Companies Inc. grew its position in shares of SunCoke Energy, Inc. (NYSE:SXC) by 6.4% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,609,069 shares of the energy company’s stock after purchasing an additional 218,263 shares during the period. American Century Companies Inc. owned approximately 4.26% of SunCoke Energy worth $31,002,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Allworth Financial LP boosted its stake in SunCoke Energy by 80.6% during the second quarter. Allworth Financial LP now owns 3,629 shares of the energy company’s stock valued at $31,000 after buying an additional 1,620 shares during the period. GAMMA Investing LLC raised its holdings in shares of SunCoke Energy by 41.8% in the 2nd quarter. GAMMA Investing LLC now owns 5,330 shares of the energy company’s stock valued at $46,000 after acquiring an additional 1,571 shares in the last quarter. CWM LLC boosted its position in shares of SunCoke Energy by 159.9% during the 1st quarter. CWM LLC now owns 5,522 shares of the energy company’s stock valued at $51,000 after acquiring an additional 3,397 shares during the last quarter. Cresset Asset Management LLC purchased a new position in shares of SunCoke Energy during the first quarter worth about $93,000. Finally, Aigen Investment Management LP bought a new position in shares of SunCoke Energy in the first quarter worth approximately $98,000. Hedge funds and other institutional investors own 90.45% of the company’s stock.

SunCoke Energy Trading Up 0.6%

Shares of SXC opened at $6.52 on Friday. SunCoke Energy, Inc. has a fifty-two week low of $6.24 and a fifty-two week high of $12.70. The firm has a market cap of $552.02 million, a price-to-earnings ratio of 7.58 and a beta of 1.08. The firm has a 50 day moving average price of $7.59 and a 200-day moving average price of $7.92. The company has a debt-to-equity ratio of 0.70, a quick ratio of 1.45 and a current ratio of 2.61.

SunCoke Energy (NYSE:SXC) last issued its earnings results on Tuesday, November 4th. The energy company reported $0.26 EPS for the quarter, topping analysts’ consensus estimates of $0.14 by $0.12. The company had revenue of $487.00 million for the quarter, compared to analysts’ expectations of $349.30 million. SunCoke Energy had a net margin of 3.99% and a return on equity of 10.43%. The firm’s revenue was down .6% compared to the same quarter last year. During the same quarter last year, the company earned $0.36 EPS. As a group, equities research analysts forecast that SunCoke Energy, Inc. will post 0.71 earnings per share for the current year.

SunCoke Energy Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, December 1st. Stockholders of record on Monday, November 17th will be paid a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a dividend yield of 7.4%. The ex-dividend date of this dividend is Monday, November 17th. SunCoke Energy’s payout ratio is 63.16%.

Insiders Place Their Bets

In related news, Director Ratta Ralph M. Della, Jr. bought 7,288 shares of the company’s stock in a transaction that occurred on Thursday, November 6th. The stock was bought at an average cost of $6.86 per share, for a total transaction of $49,995.68. Following the acquisition, the director directly owned 86,293 shares of the company’s stock, valued at $591,969.98. The trade was a 9.22% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 1.49% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on SXC. B. Riley dropped their target price on shares of SunCoke Energy from $11.00 to $10.00 and set a “neutral” rating for the company in a research report on Wednesday, November 12th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of SunCoke Energy in a report on Wednesday, October 8th. Two investment analysts have rated the stock with a Hold rating, According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $10.00.

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.