SunCoke Energy, Inc. $SXC Shares Sold by CWA Asset Management Group LLC

CWA Asset Management Group LLC cut its stake in shares of SunCoke Energy, Inc. (NYSE:SXC) by 29.3% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 160,713 shares of the energy company’s stock after selling 66,601 shares during the period. CWA Asset Management Group LLC owned approximately 0.19% of SunCoke Energy worth $1,311,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of the stock. EverSource Wealth Advisors LLC raised its holdings in SunCoke Energy by 544.8% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 2,992 shares of the energy company’s stock worth $26,000 after buying an additional 2,528 shares during the period. Allworth Financial LP increased its position in shares of SunCoke Energy by 80.6% in the second quarter. Allworth Financial LP now owns 3,629 shares of the energy company’s stock worth $31,000 after acquiring an additional 1,620 shares in the last quarter. GAMMA Investing LLC raised its holdings in shares of SunCoke Energy by 41.8% during the second 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 during the period. Tower Research Capital LLC TRC lifted its position in shares of SunCoke Energy by 176.2% in the 2nd quarter. Tower Research Capital LLC TRC now owns 5,615 shares of the energy company’s stock valued at $48,000 after acquiring an additional 3,582 shares in the last quarter. Finally, EP Wealth Advisors LLC purchased a new stake in shares of SunCoke Energy in the 1st quarter valued at approximately $102,000. 90.45% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on SXC. Weiss Ratings reiterated a “hold (c-)” rating on shares of SunCoke Energy in a research report on Monday, December 22nd. B. Riley lowered their price target on SunCoke Energy from $11.00 to $10.00 and set a “neutral” rating on the stock in a report on Wednesday, November 12th. Two equities research analysts have rated the stock with a Hold rating, According to MarketBeat.com, SunCoke Energy has a consensus rating of “Hold” and a consensus price target of $10.00.

SunCoke Energy Stock Up 4.2%

SXC stock opened at $7.89 on Wednesday. The company has a 50 day moving average of $6.99 and a two-hundred day moving average of $7.67. The company has a market cap of $667.62 million, a price-to-earnings ratio of 10.38 and a beta of 0.95. SunCoke Energy, Inc. has a 12-month low of $6.24 and a 12-month high of $10.52. The company has a quick ratio of 1.17, a current ratio of 2.12 and a debt-to-equity ratio of 0.96.

SunCoke Energy (NYSE:SXC) last posted its quarterly earnings results on Tuesday, November 4th. The energy company reported $0.26 EPS for the quarter, beating the consensus estimate of $0.14 by $0.12. SunCoke Energy had a net margin of 3.53% and a return on equity of 9.11%. The business had revenue of $487.00 million for the quarter, compared to analysts’ expectations of $349.30 million. During the same period in the previous year, the company posted $0.36 EPS. SunCoke Energy’s revenue was down .6% on a year-over-year basis. On average, equities analysts anticipate that SunCoke Energy, Inc. will post 0.71 earnings per share for the current fiscal year.

SunCoke Energy Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, December 1st. Shareholders of record on Monday, November 17th were given a $0.12 dividend. This represents a $0.48 annualized dividend and a yield of 6.1%. The ex-dividend date of this dividend was Monday, November 17th. SunCoke Energy’s dividend payout ratio is presently 63.16%.

Insider Buying and Selling at SunCoke Energy

In other news, Director Ratta Ralph M. Della, Jr. purchased 7,288 shares of SunCoke Energy stock in a transaction dated Thursday, November 6th. The stock was acquired 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 in the company, valued at $591,969.98. This represents a 9.22% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 1.49% of the stock is owned by company insiders.

SunCoke Energy Company Profile

SunCoke Energy, Inc is a leading independent producer of metallurgical coke and related products for the steel and foundry industries. The company specializes in manufacturing both blast furnace coke and foundry coke, offering high‐quality, low‐sulfur coal products that serve as essential inputs in steelmaking and metal casting processes. In addition to coke production, SunCoke provides comprehensive engineering, maintenance and environmental solutions tailored to the needs of integrated steel mills and foundries.

The company operates a network of coke production facilities across the United States, including plants in Indiana, Ohio, West Virginia and Louisiana.