Engineers Gate Manager LP Acquires 27,180 Shares of SunCoke Energy Inc (SXC)

Engineers Gate Manager LP grew its holdings in shares of SunCoke Energy Inc (NYSE:SXC) by 75.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 63,417 shares of the energy company’s stock after acquiring an additional 27,180 shares during the period. Engineers Gate Manager LP owned about 0.10% of SunCoke Energy worth $760,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also modified their holdings of the company. Fox Run Management L.L.C. bought a new stake in shares of SunCoke Energy during the 3rd quarter valued at $124,000. Quantbot Technologies LP bought a new stake in shares of SunCoke Energy during the 3rd quarter valued at $142,000. Piedmont Investment Advisors LLC bought a new stake in shares of SunCoke Energy during the 2nd quarter valued at $152,000. Crossmark Global Holdings Inc. bought a new stake in shares of SunCoke Energy during the 3rd quarter valued at $155,000. Finally, Virtu KCG Holdings LLC purchased a new position in shares of SunCoke Energy during the 2nd quarter valued at $198,000. 92.94% of the stock is owned by hedge funds and other institutional investors.

A number of research analysts recently weighed in on the stock. Zacks Investment Research cut shares of SunCoke Energy from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, December 27th. B. Riley restated a “buy” rating on shares of SunCoke Energy in a research note on Wednesday, November 1st. Finally, Clarkson Capital upgraded shares of SunCoke Energy from a “neutral” rating to a “buy” rating in a research note on Friday. One research analyst has rated the stock with a sell rating and three have issued a buy rating to the company. The company currently has a consensus rating of “Buy” and an average target price of $11.00.

In related news, insider Phillip Michael Hardesty sold 4,444 shares of SunCoke Energy stock in a transaction on Thursday, November 30th. The shares were sold at an average price of $11.37, for a total transaction of $50,528.28. Following the transaction, the insider now owns 70,161 shares in the company, valued at approximately $797,730.57. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 3.85% of the stock is currently owned by insiders.

SunCoke Energy Inc (SXC) opened at $10.06 on Tuesday. The company has a debt-to-equity ratio of 1.31, a quick ratio of 1.12 and a current ratio of 1.74. SunCoke Energy Inc has a one year low of $7.66 and a one year high of $13.43. The firm has a market cap of $647.42, a price-to-earnings ratio of 5.38 and a beta of 1.16.

SunCoke Energy (NYSE:SXC) last released its earnings results on Wednesday, January 31st. The energy company reported $0.14 earnings per share for the quarter, missing analysts’ consensus estimates of $0.16 by ($0.02). SunCoke Energy had a net margin of 9.19% and a return on equity of 3.13%. The firm had revenue of $359.60 million for the quarter, compared to analysts’ expectations of $353.60 million. During the same quarter last year, the firm posted $0.26 EPS. The firm’s quarterly revenue was up 10.4% compared to the same quarter last year. research analysts expect that SunCoke Energy Inc will post 0.12 earnings per share for the current year.

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About SunCoke Energy

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.

Institutional Ownership by Quarter for SunCoke Energy (NYSE:SXC)

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