Dynamic Technology Lab Private Ltd Boosts Stock Holdings in SunCoke Energy, Inc. (NYSE:SXC)

Dynamic Technology Lab Private Ltd raised its position in SunCoke Energy, Inc. (NYSE:SXC) by 182.4% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 127,344 shares of the energy company’s stock after purchasing an additional 82,244 shares during the quarter. Dynamic Technology Lab Private Ltd’s holdings in SunCoke Energy were worth $1,105,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. ProShare Advisors LLC grew its holdings in SunCoke Energy by 7.4% during the 1st quarter. ProShare Advisors LLC now owns 16,856 shares of the energy company’s stock valued at $190,000 after purchasing an additional 1,158 shares in the last quarter. Vanguard Group Inc. boosted its stake in SunCoke Energy by 1.1% during the first quarter. Vanguard Group Inc. now owns 6,843,301 shares of the energy company’s stock valued at $77,124,000 after buying an additional 77,649 shares in the last quarter. CANADA LIFE ASSURANCE Co grew its stake in shares of SunCoke Energy by 10.5% in the 1st quarter. CANADA LIFE ASSURANCE Co now owns 78,993 shares of the energy company’s stock worth $889,000 after purchasing an additional 7,496 shares during the last quarter. Price T Rowe Associates Inc. MD raised its position in shares of SunCoke Energy by 6.0% during the first quarter. Price T Rowe Associates Inc. MD now owns 62,728 shares of the energy company’s stock worth $707,000 after purchasing an additional 3,570 shares during the period. Finally, Public Employees Retirement System of Ohio raised its holdings in SunCoke Energy by 2.6% during the 1st quarter. Public Employees Retirement System of Ohio now owns 99,682 shares of the energy company’s stock worth $1,123,000 after buying an additional 2,539 shares during the period. 90.45% of the stock is owned by institutional investors and hedge funds.

SunCoke Energy Price Performance

Shares of SunCoke Energy stock opened at $12.30 on Wednesday. The firm has a fifty day simple moving average of $9.76 and a 200-day simple moving average of $9.71. SunCoke Energy, Inc. has a 1-year low of $7.47 and a 1-year high of $12.82. The stock has a market capitalization of $1.03 billion, a price-to-earnings ratio of 12.30 and a beta of 1.02. The company has a current ratio of 2.22, a quick ratio of 1.27 and a debt-to-equity ratio of 0.71.

SunCoke Energy (NYSE:SXC) last posted its quarterly earnings results on Thursday, October 31st. The energy company reported $0.36 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.22 by $0.14. SunCoke Energy had a net margin of 4.37% and a return on equity of 12.95%. The company had revenue of $490.10 million for the quarter, compared to analyst estimates of $412.70 million. During the same period last year, the business posted $0.08 EPS. The business’s quarterly revenue was down 5.8% on a year-over-year basis. On average, sell-side analysts expect that SunCoke Energy, Inc. will post 1.14 earnings per share for the current year.

SunCoke Energy Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 2nd. Investors of record on Thursday, November 14th will be paid a $0.12 dividend. The ex-dividend date is Thursday, November 14th. This represents a $0.48 dividend on an annualized basis and a yield of 3.90%. SunCoke Energy’s payout ratio is currently 48.00%.

Analysts Set New Price Targets

A number of analysts have recently issued reports on the company. StockNews.com upgraded SunCoke Energy from a “hold” rating to a “buy” rating in a report on Wednesday, October 16th. Benchmark reissued a “buy” rating and issued a $13.00 target price on shares of SunCoke Energy in a research report on Tuesday, November 5th.

SunCoke Energy Company 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.