GSA Capital Partners LLP grew its position in shares of SunCoke Energy Inc (NYSE:SXC) by 112.1% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 77,968 shares of the energy company’s stock after purchasing an additional 41,204 shares during the quarter. GSA Capital Partners LLP owned approximately 0.12% of SunCoke Energy worth $713,000 as of its most recent SEC filing.
Other hedge funds have also recently made changes to their positions in the company. Engineers Gate Manager LP acquired a new stake in shares of SunCoke Energy during the third quarter valued at about $331,000. Stevens Capital Management LP acquired a new stake in shares of SunCoke Energy during the third quarter valued at about $456,000. Citadel Advisors LLC acquired a new stake in shares of SunCoke Energy during the third quarter valued at about $617,000. Prudential Financial Inc. boosted its stake in shares of SunCoke Energy by 5.3% during the third quarter. Prudential Financial Inc. now owns 442,840 shares of the energy company’s stock valued at $4,047,000 after purchasing an additional 22,290 shares in the last quarter. Finally, Sterling Capital Management LLC boosted its stake in shares of SunCoke Energy by 11.2% during the second quarter. Sterling Capital Management LLC now owns 114,563 shares of the energy company’s stock valued at $1,249,000 after purchasing an additional 11,573 shares in the last quarter. 90.86% of the stock is currently owned by hedge funds and other institutional investors.
A number of analysts have recently commented on the company. B. Riley reissued a “buy” rating on shares of SunCoke Energy in a research note on Wednesday, November 1st. Zacks Investment Research raised SunCoke Energy from a “hold” rating to a “strong-buy” rating and set a $12.00 price target on the stock in a research note on Saturday, November 18th.
SunCoke Energy (NYSE:SXC) last posted its quarterly earnings data on Thursday, October 26th. The energy company reported $0.18 EPS for the quarter, topping the Zacks’ consensus estimate of ($0.08) by $0.26. The company had revenue of $339.00 million for the quarter, compared to analyst estimates of $344.40 million. SunCoke Energy had a return on equity of 4.60% and a net margin of 0.42%. The firm’s quarterly revenue was up 15.3% on a year-over-year basis. During the same period in the previous year, the firm earned $0.10 earnings per share. analysts predict that SunCoke Energy Inc will post -0.16 EPS for the current year.
In related news, insider Phillip Michael Hardesty sold 4,444 shares of SunCoke Energy stock in a transaction that occurred on Thursday, November 30th. The stock was sold at an average price of $11.37, for a total value of $50,528.28. Following the transaction, the insider now directly owns 70,161 shares of the company’s stock, valued at $797,730.57. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 3.85% of the stock is 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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