SunCoke Energy, Inc. (NYSE:SXC) Stake Raised by Principal Financial Group Inc.
Principal Financial Group Inc. raised its position in SunCoke Energy, Inc. (NYSE:SXC) by 2.5% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 498,302 shares of the energy company’s stock after buying an additional 12,042 shares during the period. Principal Financial Group Inc.’s holdings in SunCoke Energy were worth $4,465,000 at the end of the most recent reporting period.
Several other hedge funds have also made changes to their positions in SXC. Advisor Partners LLC raised its stake in shares of 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 in the last quarter. Mason Street Advisors LLC raised its stake in shares of 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 in the last quarter. Eqis Capital Management Inc. raised its stake in shares of 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 in the last quarter. Allianz Asset Management AG acquired a new stake in shares of SunCoke Energy during the fourth quarter worth approximately $188,000. Finally, Karp Capital Management Corp acquired a new stake in shares of SunCoke Energy during the first quarter worth approximately $191,000. 97.44% of the stock is currently owned by institutional investors and hedge funds.
Shares of SunCoke Energy, Inc. (NYSE SXC) opened at 10.90 on Tuesday. The firm’s 50-day moving average is $9.25 and its 200 day moving average is $9.69. SunCoke Energy, Inc. has a 52-week low of $6.28 and a 52-week high of $13.14. The company has a market capitalization of $701.08 million, a price-to-earnings ratio of 36.45 and a beta of 1.28.
SunCoke Energy (NYSE:SXC) last posted its quarterly earnings results on Thursday, April 20th. The energy company reported $0.02 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.10) by $0.12. SunCoke Energy had a net margin of 1.60% and a return on equity of 3.29%. The business had revenue of $309.70 million during the quarter, compared to the consensus estimate of $410.60 million. During the same quarter last year, the firm posted ($0.06) EPS. SunCoke Energy’s revenue was down .5% compared to the same quarter last year. On average, equities research analysts anticipate that SunCoke Energy, Inc. will post ($0.01) earnings per share for the current 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 price target on the stock in a research report on Saturday, April 29th.
In other SunCoke Energy news, major shareholder Mangrove Partners Master Fund, sold 41,131 shares of SunCoke Energy stock in a transaction on Wednesday, July 5th. The shares were sold at an average price of $11.01, for a total transaction of $452,852.31. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, insider Gary P. Yeaw acquired 10,000 shares of the business’s stock in a transaction on Tuesday, May 9th. The shares were purchased at an average cost of $8.08 per share, for a total transaction of $80,800.00. Following the completion of the acquisition, the insider now directly owns 40,973 shares in the company, valued at $331,061.84. The disclosure for this purchase can be found here. In the last three months, insiders sold 850,551 shares of company stock valued at $9,415,508. 3.85% of the stock is currently owned by 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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