Quantinno Capital Management LP Decreases Holdings in SunCoke Energy, Inc. $SXC

Quantinno Capital Management LP reduced its holdings in shares of SunCoke Energy, Inc. (NYSE:SXC) by 40.0% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 98,540 shares of the energy company’s stock after selling 65,580 shares during the quarter. Quantinno Capital Management LP owned approximately 0.12% of SunCoke Energy worth $641,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Gendell Jeffrey L lifted its stake in SunCoke Energy by 82.3% in the fourth quarter. Gendell Jeffrey L now owns 1,472,040 shares of the energy company’s stock valued at $10,599,000 after buying an additional 664,528 shares during the last quarter. Invesco Ltd. increased its position in SunCoke Energy by 72.0% during the 2nd quarter. Invesco Ltd. now owns 1,445,764 shares of the energy company’s stock worth $12,419,000 after purchasing an additional 605,366 shares during the period. Federated Hermes Inc. raised its position in SunCoke Energy by 65.5% in the fourth quarter. Federated Hermes Inc. now owns 1,422,356 shares of the energy company’s stock worth $10,241,000 after acquiring an additional 562,739 shares in the last quarter. Charles Schwab Investment Management Inc. increased its holdings in shares of SunCoke Energy by 30.5% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 2,153,408 shares of the energy company’s stock valued at $15,505,000 after purchasing an additional 503,500 shares in the last quarter. Finally, Balyasny Asset Management L.P. lifted its position in shares of SunCoke Energy by 119.5% during the 4th quarter. Balyasny Asset Management L.P. now owns 759,682 shares of the energy company’s stock valued at $5,470,000 after acquiring an additional 413,579 shares during the period. 90.45% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on SXC. Wall Street Zen raised shares of SunCoke Energy from a “hold” rating to a “buy” rating in a research note on Saturday, August 8th. Weiss Ratings raised shares of SunCoke Energy from a “sell (d)” rating to a “sell (d+)” rating in a research report on Thursday, June 11th. One research analyst has rated the stock with a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, SunCoke Energy currently has an average rating of “Reduce” and a consensus price target of $9.00.

SunCoke Energy Price Performance

SXC stock opened at $9.44 on Thursday. SunCoke Energy, Inc. has a 52-week low of $5.51 and a 52-week high of $9.92. The company has a quick ratio of 1.37, a current ratio of 2.25 and a debt-to-equity ratio of 1.07. The company has a market capitalization of $800.84 million, a PE ratio of -14.74 and a beta of 0.98. The stock’s 50 day moving average is $8.72 and its two-hundred day moving average is $7.70.

SunCoke Energy (NYSE:SXC) last issued its earnings results on Thursday, July 30th. The energy company reported $0.15 EPS for the quarter, topping the consensus estimate of $0.08 by $0.07. The company had revenue of $475.30 million during the quarter, compared to analyst estimates of $445.20 million. SunCoke Energy had a positive return on equity of 6.37% and a negative net margin of 2.88%.The business’s revenue was up 9.5% on a year-over-year basis. During the same quarter last year, the firm earned $0.02 EPS. Analysts predict that SunCoke Energy, Inc. will post 0.32 earnings per share for the current fiscal year.

SunCoke Energy Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 2nd. Investors of record on Monday, August 17th will be paid a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a yield of 5.1%. The ex-dividend date is Monday, August 17th. SunCoke Energy’s dividend payout ratio is presently -75.00%.

SunCoke Energy Company Profile

SunCoke Energy, Inc is a leading independent producer of metallurgical coke and related products for the steel and foundry industries. The company specializes in manufacturing both blast furnace coke and foundry coke, offering high‐quality, low‐sulfur coal products that serve as essential inputs in steelmaking and metal casting processes. In addition to coke production, SunCoke provides comprehensive engineering, maintenance and environmental solutions tailored to the needs of integrated steel mills and foundries.

The company operates a network of coke production facilities across the United States, including plants in Indiana, Ohio, West Virginia and Louisiana.