Ieq Capital LLC Takes Position in SunCoke Energy, Inc. $SXC

Ieq Capital LLC bought a new position in shares of SunCoke Energy, Inc. (NYSE:SXC) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 154,165 shares of the energy company’s stock, valued at approximately $1,241,000. Ieq Capital LLC owned approximately 0.18% of SunCoke Energy at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Royal Bank of Canada increased its stake in SunCoke Energy by 13.8% during the 1st quarter. Royal Bank of Canada now owns 35,957 shares of the energy company’s stock worth $330,000 after buying an additional 4,358 shares during the period. AQR Capital Management LLC grew its stake in shares of SunCoke Energy by 86.3% during the first quarter. AQR Capital Management LLC now owns 366,537 shares of the energy company’s stock valued at $3,372,000 after acquiring an additional 169,813 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in shares of SunCoke Energy by 4.3% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 49,744 shares of the energy company’s stock valued at $458,000 after acquiring an additional 2,064 shares in the last quarter. Dynamic Technology Lab Private Ltd increased its position in shares of SunCoke Energy by 70.7% during the first quarter. Dynamic Technology Lab Private Ltd now owns 27,962 shares of the energy company’s stock worth $257,000 after acquiring an additional 11,580 shares during the last quarter. Finally, Hsbc Holdings PLC increased its position in shares of SunCoke Energy by 126.3% during the second quarter. Hsbc Holdings PLC now owns 49,633 shares of the energy company’s stock worth $424,000 after acquiring an additional 27,696 shares during the last quarter. 90.45% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research analysts recently commented on the company. Wall Street Zen raised SunCoke Energy from a “hold” rating to a “buy” rating in a report on Saturday, August 8th. Weiss Ratings raised SunCoke Energy from a “sell (d)” rating to a “sell (d+)” rating in a research report on Thursday, June 11th. One investment analyst has rated the stock with a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Reduce” and an average price target of $9.00.

SunCoke Energy Stock Up 0.4%

Shares of SunCoke Energy stock opened at $9.80 on Thursday. The company has a quick ratio of 1.37, a current ratio of 2.25 and a debt-to-equity ratio of 1.07. The firm has a market cap of $831.82 million, a P/E ratio of -15.31 and a beta of 0.98. SunCoke Energy, Inc. has a fifty-two week low of $5.51 and a fifty-two week high of $9.93. The business has a 50-day moving average price of $8.77 and a 200 day moving average price of $7.76.

SunCoke Energy (NYSE:SXC) last issued its earnings results on Thursday, July 30th. The energy company reported $0.15 EPS for the quarter, topping the consensus estimate of $0.08 by $0.07. SunCoke Energy had a positive return on equity of 6.37% and a negative net margin of 2.88%.The company had revenue of $475.30 million during the quarter, compared to analyst estimates of $445.20 million. During the same quarter last year, the firm earned $0.02 EPS. The business’s revenue was up 9.5% on a year-over-year basis. On average, sell-side analysts forecast that SunCoke Energy, Inc. will post 0.32 earnings per share for the current fiscal year.

SunCoke Energy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 2nd. Shareholders of record on Monday, August 17th will be issued a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a yield of 4.9%. The ex-dividend date of this dividend is Monday, August 17th. SunCoke Energy’s payout ratio is currently -75.00%.

SunCoke Energy 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.