New Age Alpha Advisors LLC Cuts Stock Position in SunCoke Energy, Inc. $SXC

New Age Alpha Advisors LLC lowered its stake in SunCoke Energy, Inc. (NYSE:SXC) by 93.0% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 12,213 shares of the energy company’s stock after selling 161,357 shares during the quarter. New Age Alpha Advisors LLC’s holdings in SunCoke Energy were worth $88,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in the stock. Denali Advisors LLC grew its stake in shares of SunCoke Energy by 70.6% in the 4th quarter. Denali Advisors LLC now owns 18,600 shares of the energy company’s stock worth $134,000 after buying an additional 7,700 shares during the last quarter. Jennison Associates LLC lifted its position in SunCoke Energy by 41.8% in the 4th quarter. Jennison Associates LLC now owns 199,423 shares of the energy company’s stock valued at $1,436,000 after acquiring an additional 58,773 shares in the last quarter. Inscription Capital LLC bought a new position in SunCoke Energy in the 4th quarter valued at approximately $103,000. Vanguard Group Inc. lifted its position in SunCoke Energy by 0.5% in the 4th quarter. Vanguard Group Inc. now owns 7,024,864 shares of the energy company’s stock valued at $50,579,000 after acquiring an additional 33,535 shares in the last quarter. Finally, Farther Finance Advisors LLC lifted its position in SunCoke Energy by 69.4% in the 4th quarter. Farther Finance Advisors LLC now owns 3,831 shares of the energy company’s stock valued at $28,000 after acquiring an additional 1,569 shares in the last quarter. Hedge funds and other institutional investors own 90.45% of the company’s stock.

Wall Street Analyst Weigh In

SXC has been the topic of several analyst reports. B. Riley Financial lowered their price objective on 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 cut SunCoke Energy from a “hold (c-)” rating to a “sell (d)” rating in a research report on Tuesday, March 3rd. One equities research analyst has rated the stock with a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Reduce” and an average price target of $9.00.

SunCoke Energy Stock Performance

SXC stock opened at $9.04 on Friday. The stock has a market capitalization of $766.70 million, a PE ratio of -11.74 and a beta of 0.86. SunCoke Energy, Inc. has a 12-month low of $5.51 and a 12-month high of $9.30. The company has a current ratio of 2.23, a quick ratio of 1.31 and a debt-to-equity ratio of 1.09. The stock’s 50 day simple moving average is $7.03 and its 200 day simple moving average is $7.06.

SunCoke Energy (NYSE:SXC) last released its quarterly earnings data on Thursday, April 30th. The energy company reported ($0.05) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.08 by ($0.13). The business had revenue of $455.10 million during the quarter, compared to the consensus estimate of $416.15 million. SunCoke Energy had a negative net margin of 3.55% and a positive return on equity of 4.47%. The business’s revenue was up 4.4% compared to the same quarter last year. During the same period last year, the company posted $0.20 earnings per share. As a group, research analysts forecast that SunCoke Energy, Inc. will post 0.2 earnings per share for the current fiscal year.

SunCoke Energy Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, June 2nd. Shareholders of record on Friday, May 15th will be paid a dividend of $0.12 per share. The ex-dividend date is Friday, May 15th. This represents a $0.48 dividend on an annualized basis and a yield of 5.3%. SunCoke Energy’s payout ratio is currently -62.34%.

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.