SunCoke Energy, Inc. (NYSE:SXC) Shares Sold by Lee Danner & Bass Inc.
Lee Danner & Bass Inc. cut its position in SunCoke Energy, Inc. (NYSE:SXC) by 2.9% during the second quarter, Holdings Channel reports. The fund owned 33,000 shares of the energy company’s stock after selling 1,000 shares during the period. Lee Danner & Bass Inc.’s holdings in SunCoke Energy were worth $360,000 as of its most recent SEC filing.
Several other institutional investors also recently modified their holdings of the company. Advisor Partners LLC raised its position 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 during the last quarter. Two Sigma Securities LLC bought a new position in shares of SunCoke Energy during the first quarter worth approximately $121,000. Mason Street Advisors LLC raised its position 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 during the last quarter. State of Alaska Department of Revenue raised its position in SunCoke Energy by 78.5% in the second quarter. State of Alaska Department of Revenue now owns 12,693 shares of the energy company’s stock valued at $138,000 after buying an additional 5,583 shares in the last quarter. Finally, Sterneck Capital Management LLC acquired a new position in SunCoke Energy during the first quarter valued at approximately $148,000. 97.17% of the stock is currently owned by hedge funds and other institutional investors.
SunCoke Energy, Inc. (NYSE:SXC) opened at 8.55 on Friday. The company’s 50 day moving average is $10.30 and its 200 day moving average is $9.49. SunCoke Energy, Inc. has a 12-month low of $6.28 and a 12-month high of $13.14. The company’s market cap is $550.01 million.
SunCoke Energy (NYSE:SXC) last announced its quarterly earnings results on Thursday, July 27th. The energy company reported ($0.07) earnings per share for the quarter, topping the consensus estimate of ($0.14) by $0.07. SunCoke Energy had a negative net margin of 0.01% and a positive return on equity of 3.27%. The company had revenue of $323.20 million for the quarter, compared to analysts’ expectations of $347.90 million. During the same quarter in the previous year, the business posted ($0.07) earnings per share. SunCoke Energy’s quarterly revenue was up 10.4% on a year-over-year basis. Analysts forecast that SunCoke Energy, Inc. will post ($0.34) earnings per share for the current fiscal year.
SXC has been the topic of several recent research reports. Zacks Investment Research raised shares of SunCoke Energy from a “hold” rating to a “buy” rating and set a $12.00 target price on the stock in a report on Wednesday, July 19th. BidaskClub lowered shares of SunCoke Energy from a “hold” rating to a “sell” rating in a report on Friday, July 28th.
In other SunCoke Energy news, insider Gary P. Yeaw purchased 10,000 shares of SunCoke Energy stock in a transaction that occurred on Tuesday, May 9th. The shares were bought at an average price of $8.08 per share, for a total transaction of $80,800.00. Following the completion of the transaction, the insider now owns 40,973 shares of the company’s stock, valued at approximately $331,061.84. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, major shareholder Mangrove Partners Fund (Cayman sold 215,157 shares of the business’s stock in a transaction on Thursday, June 29th. The stock was sold at an average price of $11.01, for a total transaction of $2,368,878.57. The disclosure for this sale can be found here. Insiders sold 850,551 shares of company stock worth $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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