JPMorgan Chase & Co. reduced its position in shares of SunCoke Energy, Inc. (NYSE:SXC) by 49.2% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 243,447 shares of the energy company’s stock after selling 235,733 shares during the period. JPMorgan Chase & Co.’s holdings in SunCoke Energy were worth $2,181,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in SXC. Advisor Partners LLC increased its position in SunCoke Energy by 3.1% in the first quarter. Advisor Partners LLC now owns 11,724 shares of the energy company’s stock worth $105,000 after buying an additional 356 shares during the period. Mason Street Advisors LLC increased its position in SunCoke Energy by 6.9% in the first quarter. Mason Street Advisors LLC now owns 15,007 shares of the energy company’s stock worth $134,000 after buying an additional 975 shares during the period. Eqis Capital Management Inc. increased its position in SunCoke Energy by 22.6% in the first quarter. Eqis Capital Management Inc. now owns 18,872 shares of the energy company’s stock worth $169,000 after buying an additional 3,473 shares during the period. Allianz Asset Management AG acquired a new position in SunCoke Energy during the fourth quarter worth $188,000. Finally, Karp Capital Management Corp acquired a new position in SunCoke Energy during the first quarter worth $191,000. 97.44% of the stock is owned by institutional investors and hedge funds.

SunCoke Energy, Inc. (NYSE:SXC) opened at 10.84 on Monday. The company has a market cap of $697.22 million, a P/E ratio of 36.25 and a beta of 1.28. SunCoke Energy, Inc. has a 52-week low of $6.28 and a 52-week high of $13.14. The company has a 50-day moving average of $9.25 and a 200-day moving average of $9.69.

SunCoke Energy (NYSE:SXC) last announced its quarterly earnings results on Thursday, April 20th. The energy company reported $0.02 EPS for the quarter, beating the Zacks’ consensus estimate of ($0.10) by $0.12. The business had revenue of $309.70 million during the quarter, compared to analyst estimates of $410.60 million. SunCoke Energy had a net margin of 1.60% and a return on equity of 3.29%. SunCoke Energy’s quarterly revenue was down .5% on a year-over-year basis. During the same quarter in the previous year, the business posted ($0.06) EPS. On average, equities research analysts expect that SunCoke Energy, Inc. will post ($0.01) earnings per share for the current fiscal year.

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Separately, Zacks Investment Research raised shares of SunCoke Energy from a “hold” rating to a “strong-buy” rating and set a $11.00 target price for the company in a research report on Saturday, April 29th.

In other SunCoke Energy news, insider Gary P. Yeaw purchased 10,000 shares of the firm’s stock in a transaction on Tuesday, May 9th. The stock was acquired at an average price of $8.08 per share, for a total transaction of $80,800.00. Following the purchase, the insider now owns 40,973 shares of the company’s stock, valued at approximately $331,061.84. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, major shareholder Mangrove Partners Fund (Cayman sold 179,828 shares of the business’s stock in a transaction on Wednesday, June 28th. The shares were sold at an average price of $11.22, for a total transaction of $2,017,670.16. The disclosure for this sale can be found here. Insiders have sold a total of 850,551 shares of company stock valued at $9,415,508 in the last 90 days. 3.85% of the stock is currently owned by company insiders.

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.

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

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