SunCoke Energy, Inc. $SXC Shares Bought by Jennison Associates LLC

Jennison Associates LLC grew its position in SunCoke Energy, Inc. (NYSE:SXC) by 13.1% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 160,313 shares of the energy company’s stock after acquiring an additional 18,519 shares during the quarter. Jennison Associates LLC’s holdings in SunCoke Energy were worth $1,377,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Y Intercept Hong Kong Ltd lifted its position in shares of SunCoke Energy by 575.2% in the second quarter. Y Intercept Hong Kong Ltd now owns 208,115 shares of the energy company’s stock valued at $1,788,000 after acquiring an additional 177,293 shares in the last quarter. Envestnet Asset Management Inc. lifted its position in shares of SunCoke Energy by 3.1% in the second quarter. Envestnet Asset Management Inc. now owns 91,909 shares of the energy company’s stock valued at $789,000 after acquiring an additional 2,757 shares in the last quarter. MQS Management LLC purchased a new position in shares of SunCoke Energy in the second quarter valued at approximately $158,000. VIRGINIA RETIREMENT SYSTEMS ET Al purchased a new position in shares of SunCoke Energy in the second quarter valued at approximately $502,000. Finally, CWM LLC lifted its position in shares of SunCoke Energy by 260.0% in the second quarter. CWM LLC now owns 19,878 shares of the energy company’s stock valued at $171,000 after acquiring an additional 14,356 shares in the last quarter. Hedge funds and other institutional investors own 90.45% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings restated a “hold (c)” rating on shares of SunCoke Energy in a research report on Wednesday, October 8th. One investment analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $13.00.

SunCoke Energy Stock Performance

Shares of SunCoke Energy stock opened at $8.04 on Friday. SunCoke Energy, Inc. has a one year low of $7.18 and a one year high of $12.82. The company has a market cap of $680.29 million, a price-to-earnings ratio of 9.34 and a beta of 1.07. The company has a debt-to-equity ratio of 0.70, a quick ratio of 1.45 and a current ratio of 2.61. The business’s 50 day moving average price is $7.99 and its 200 day moving average price is $8.27.

SunCoke Energy (NYSE:SXC) last announced its quarterly earnings data on Wednesday, July 30th. The energy company reported $0.02 EPS for the quarter, missing analysts’ consensus estimates of $0.15 by ($0.13). SunCoke Energy had a return on equity of 10.43% and a net margin of 3.99%.The company had revenue of $434.10 million for the quarter, compared to analysts’ expectations of $348.05 million. During the same quarter in the previous year, the business posted $0.25 EPS. The business’s quarterly revenue was down 7.8% compared to the same quarter last year. On average, research analysts predict that SunCoke Energy, Inc. will post 0.71 EPS for the current year.

About SunCoke Energy

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.