Prudential Financial Inc. increased its position in SunCoke Energy, Inc. (NYSE:SXC) by 181.4% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 420,550 shares of the energy company’s stock after acquiring an additional 271,100 shares during the period. Prudential Financial Inc. owned approximately 0.65% of SunCoke Energy worth $4,584,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other hedge funds have also recently modified their holdings of the company. Two Sigma Securities LLC purchased a new position in SunCoke Energy in the 1st quarter worth $121,000. Advisor Partners LLC raised its stake in SunCoke Energy by 0.3% in the 2nd quarter. Advisor Partners LLC now owns 11,765 shares of the energy company’s stock worth $128,000 after acquiring an additional 41 shares during the last quarter. Mason Street Advisors LLC raised its stake in SunCoke Energy by 6.9% in the 1st quarter. Mason Street Advisors LLC now owns 15,007 shares of the energy company’s stock worth $134,000 after acquiring an additional 975 shares during the last quarter. State of Alaska Department of Revenue raised its stake in SunCoke Energy by 78.5% in the 2nd quarter. State of Alaska Department of Revenue now owns 12,693 shares of the energy company’s stock worth $138,000 after acquiring an additional 5,583 shares during the last quarter. Finally, Sterneck Capital Management LLC purchased a new position in SunCoke Energy in the 1st quarter worth $148,000. Institutional investors own 90.24% of the company’s stock.
SunCoke Energy, Inc. (SXC) opened at 8.70 on Wednesday. SunCoke Energy, Inc. has a 52 week low of $6.55 and a 52 week high of $13.14. The stock’s market cap is $559.66 million. The company has a 50-day moving average price of $8.85 and a 200-day moving average price of $9.25.
SunCoke Energy (NYSE:SXC) last released its quarterly earnings data on Thursday, July 27th. The energy company reported ($0.07) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.14) by $0.07. SunCoke Energy had a negative net margin of 0.01% and a positive return on equity of 3.27%. The company had revenue of $323.20 million during the quarter, compared to the consensus estimate of $347.90 million. During the same quarter in the prior year, the firm posted ($0.07) earnings per share. SunCoke Energy’s revenue for the quarter was up 10.4% on a year-over-year basis. Equities research analysts anticipate that SunCoke Energy, Inc. will post ($0.34) EPS for the current year.
A number of equities analysts recently issued reports on SXC shares. Zacks Investment Research upgraded SunCoke Energy from a “sell” rating to a “hold” rating in a research note on Saturday, August 19th. BidaskClub upgraded SunCoke Energy from a “strong sell” rating to a “sell” rating in a research note on Friday, August 25th. Finally, TheStreet lowered SunCoke Energy from a “c-” rating to a “d+” rating in a research note on Friday, August 4th.
In other news, major shareholder Mangrove Partners Fund (Cayman sold 215,157 shares of the company’s stock in a transaction dated Thursday, June 29th. The shares were sold at an average price of $11.01, for a total value of $2,368,878.57. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, major shareholder Mangrove Partners Master Fund, sold 41,131 shares of the company’s stock in a transaction dated Wednesday, July 5th. The shares were sold at an average price of $11.01, for a total transaction of $452,852.31. The disclosure for this sale can be found here. Insiders sold 882,266 shares of company stock valued at $9,697,197 in the last 90 days. 3.85% of the stock is currently owned by insiders.
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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.
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