American Century Companies Inc. Purchases 259,727 Shares of SunCoke Energy, Inc. $SXC

American Century Companies Inc. increased its position in SunCoke Energy, Inc. (NYSE:SXC) by 7.2% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 3,868,796 shares of the energy company’s stock after acquiring an additional 259,727 shares during the period. American Century Companies Inc. owned about 4.57% of SunCoke Energy worth $31,569,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of SXC. Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its stake in SunCoke Energy by 7.7% during the 2nd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 21,733 shares of the energy company’s stock valued at $187,000 after buying an additional 1,547 shares during the last quarter. Legal & General Group Plc lifted its stake in shares of SunCoke Energy by 0.7% during the 2nd quarter. Legal & General Group Plc now owns 223,115 shares of the energy company’s stock valued at $1,917,000 after buying an additional 1,560 shares in the last quarter. Allworth Financial LP raised its holdings 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 acquiring an additional 1,620 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in SunCoke Energy by 4.3% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 49,744 shares of the energy company’s stock valued at $458,000 after purchasing an additional 2,064 shares during the period. Finally, Bank of Montreal Can lifted its holdings in SunCoke Energy by 4.5% in the 2nd quarter. Bank of Montreal Can now owns 52,071 shares of the energy company’s stock worth $447,000 after purchasing an additional 2,258 shares in the last quarter. Hedge funds and other institutional investors own 90.45% of the company’s stock.

Insider Activity

In related news, CFO Mark W. Marinko bought 10,000 shares of SunCoke Energy stock in a transaction dated Wednesday, February 25th. The shares were acquired at an average cost of $5.84 per share, with a total value of $58,400.00. Following the completion of the transaction, the chief financial officer owned 71,798 shares in the company, valued at $419,300.32. The trade was a 16.18% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, SVP Phillip Michael Hardesty purchased 12,500 shares of the firm’s stock in a transaction dated Wednesday, February 25th. The shares were bought at an average cost of $5.83 per share, with a total value of $72,875.00. Following the purchase, the senior vice president directly owned 298,677 shares of the company’s stock, valued at approximately $1,741,286.91. This represents a 4.37% increase in their position. The disclosure for this purchase is available in the SEC filing. Company insiders own 1.49% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on the stock. B. Riley Financial reduced their price objective on shares of SunCoke Energy from $10.00 to $9.00 and set a “neutral” rating on the stock in a research report on Wednesday, February 18th. Weiss Ratings downgraded shares of SunCoke Energy from a “hold (c-)” rating to a “sell (d)” rating in a report on Tuesday. One analyst has rated the stock with a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, SunCoke Energy presently has a consensus rating of “Reduce” and a consensus target price of $9.00.

SunCoke Energy Stock Down 5.1%

Shares of NYSE:SXC opened at $5.95 on Friday. The firm has a market capitalization of $503.79 million, a PE ratio of -11.44 and a beta of 0.99. The business has a 50 day simple moving average of $7.42 and a two-hundred day simple moving average of $7.46. SunCoke Energy, Inc. has a 1 year low of $5.51 and a 1 year high of $9.82. The company has a debt-to-equity ratio of 1.10, a current ratio of 2.11 and a quick ratio of 1.11.

SunCoke Energy (NYSE:SXC) last issued its quarterly earnings results on Tuesday, February 17th. The energy company reported ($1.00) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.10 by ($1.10). The business had revenue of $480.20 million for the quarter, compared to the consensus estimate of $437.45 million. SunCoke Energy had a positive return on equity of 7.43% and a negative net margin of 2.41%.SunCoke Energy’s revenue was down 1.2% on a year-over-year basis. During the same period in the prior year, the business posted $0.28 earnings per share. On average, equities analysts predict that SunCoke Energy, Inc. will post 0.71 EPS for the current year.

SunCoke Energy Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 2nd. Stockholders of record on Tuesday, February 17th were issued a $0.12 dividend. The ex-dividend date was Tuesday, February 17th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 8.1%. SunCoke Energy’s dividend payout ratio is presently -92.31%.

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.