Los Angeles Capital Management & Equity Research Inc. Purchases 187,270 Shares of SunCoke Energy, Inc. (SXC)

Los Angeles Capital Management & Equity Research Inc. raised its position in shares of SunCoke Energy, Inc. (NYSE:SXC) by 515.1% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 223,624 shares of the energy company’s stock after buying an additional 187,270 shares during the quarter. Los Angeles Capital Management & Equity Research Inc. owned about 0.35% of SunCoke Energy worth $2,438,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in the business. JPMorgan Chase & Co. raised its position in shares of SunCoke Energy by 287.9% in the 2nd quarter. JPMorgan Chase & Co. now owns 944,307 shares of the energy company’s stock worth $10,293,000 after purchasing an additional 700,860 shares during the last quarter. Westpac Banking Corp purchased a new position in shares of SunCoke Energy in the 2nd quarter worth about $377,000. Principal Financial Group Inc. raised its position in shares of SunCoke Energy by 0.8% in the 2nd quarter. Principal Financial Group Inc. now owns 502,256 shares of the energy company’s stock worth $5,474,000 after purchasing an additional 3,954 shares during the last quarter. IndexIQ Advisors LLC purchased a new position in shares of SunCoke Energy in the 2nd quarter worth about $324,000. Finally, Airain ltd purchased a new position in shares of SunCoke Energy in the 2nd quarter worth about $309,000. 90.24% of the stock is owned by institutional investors and hedge funds.

Several research firms have recently issued reports on SXC. TheStreet lowered SunCoke Energy from a “c-” rating to a “d+” rating in a research report on Friday, August 4th. BidaskClub lowered SunCoke Energy from a “hold” rating to a “sell” rating in a research report on Friday, July 28th. Finally, Zacks Investment Research lowered SunCoke Energy from a “hold” rating to a “sell” rating in a research report on Friday, August 4th.

SunCoke Energy, Inc. (NYSE SXC) opened at 8.44 on Friday. The stock has a 50 day moving average price of $8.87 and a 200 day moving average price of $9.28. SunCoke Energy, Inc. has a 52-week low of $6.45 and a 52-week high of $13.14. The stock’s market cap is $542.94 million.

SunCoke Energy (NYSE:SXC) last issued its quarterly earnings data on Thursday, July 27th. The energy company reported ($0.07) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.14) by $0.07. SunCoke Energy had a positive return on equity of 3.27% and a negative net margin of 0.01%. The company had revenue of $323.20 million for the quarter, compared to the consensus estimate of $347.90 million. During the same quarter last year, the company earned ($0.07) earnings per share. The firm’s revenue for the quarter was up 10.4% compared to the same quarter last year. Analysts expect that SunCoke Energy, Inc. will post ($0.34) EPS for the current fiscal year.

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In related news, major shareholder Mangrove Partners Fund (Cayman sold 5,530 shares of the firm’s stock in a transaction dated Friday, June 30th. The stock was sold at an average price of $11.00, for a total transaction of $60,830.00. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, major shareholder Mangrove Partners Master Fund, sold 41,131 shares of the firm’s stock in a transaction dated Wednesday, July 5th. The shares were sold at an average price of $11.01, for a total value of $452,852.31. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 882,266 shares of company stock worth $9,697,197. 3.85% of the stock is owned by corporate insiders.

SunCoke Energy Company Profile

SunCoke Energy, Inc is a producer of coke in the Americas. The Company’s segments include Domestic Coke, Brazil Coke, Coal Logistics, and Corporate and Other. The Domestic Coke segment consists of its Jewell Coke Company, L.P. (Jewell), Indiana Harbor Coke Company (Indiana Harbor), Haverhill Coke Company LLC (Haverhill), Gateway Energy and Coke Company, LLC (Granite City) and Middletown Coke Company, LLC (Middletown) cokemaking and heat recovery operations.

Institutional Ownership by Quarter for SunCoke Energy (NYSE:SXC)

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