Cubist Systematic Strategies LLC Has $1.40 Million Stock Position in SunCoke Energy, Inc. (NYSE:SXC)

Cubist Systematic Strategies LLC cut its holdings in SunCoke Energy, Inc. (NYSE:SXC) by 14.5% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 142,867 shares of the energy company’s stock after selling 24,141 shares during the quarter. Cubist Systematic Strategies LLC owned 0.17% of SunCoke Energy worth $1,400,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. BNP Paribas Financial Markets increased its stake in shares of SunCoke Energy by 130.5% in the 1st quarter. BNP Paribas Financial Markets now owns 114,779 shares of the energy company’s stock valued at $1,294,000 after acquiring an additional 64,978 shares in the last quarter. Vanguard Group Inc. grew its holdings in SunCoke Energy by 1.1% in the first quarter. Vanguard Group Inc. now owns 6,843,301 shares of the energy company’s stock worth $77,124,000 after purchasing an additional 77,649 shares during the period. Allspring Global Investments Holdings LLC increased its stake in SunCoke Energy by 45.8% in the first quarter. Allspring Global Investments Holdings LLC now owns 53,705 shares of the energy company’s stock valued at $605,000 after purchasing an additional 16,869 shares in the last quarter. CWA Asset Management Group LLC acquired a new position in shares of SunCoke Energy during the fourth quarter valued at about $554,000. Finally, Jennison Associates LLC boosted its position in shares of SunCoke Energy by 19.7% during the 1st quarter. Jennison Associates LLC now owns 115,571 shares of the energy company’s stock worth $1,302,000 after purchasing an additional 19,020 shares in the last quarter. 90.45% of the stock is currently owned by institutional investors.

SunCoke Energy Price Performance

Shares of NYSE:SXC opened at $8.69 on Wednesday. SunCoke Energy, Inc. has a twelve month low of $7.47 and a twelve month high of $11.85. The stock’s 50 day moving average is $8.92 and its 200-day moving average is $9.89. The company has a quick ratio of 1.19, a current ratio of 2.22 and a debt-to-equity ratio of 0.74. The firm has a market capitalization of $730.74 million, a price-to-earnings ratio of 12.24 and a beta of 1.04.

SunCoke Energy (NYSE:SXC) last released its quarterly earnings data on Wednesday, July 31st. The energy company reported $0.25 earnings per share for the quarter, beating analysts’ consensus estimates of $0.22 by $0.03. The firm had revenue of $470.90 million for the quarter, compared to analyst estimates of $410.35 million. SunCoke Energy had a net margin of 3.11% and a return on equity of 9.56%. The business’s quarterly revenue was down 11.9% compared to the same quarter last year. During the same period last year, the firm earned $0.24 earnings per share. Sell-side analysts forecast that SunCoke Energy, Inc. will post 0.94 EPS for the current fiscal year.

SunCoke Energy Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 3rd. Shareholders of record on Thursday, August 15th were paid a dividend of $0.12 per share. The ex-dividend date of this dividend was Thursday, August 15th. This represents a $0.48 dividend on an annualized basis and a yield of 5.52%. This is an increase from SunCoke Energy’s previous quarterly dividend of $0.10. SunCoke Energy’s payout ratio is 67.61%.

Analysts Set New Price Targets

Separately, StockNews.com lowered SunCoke Energy from a “buy” rating to a “hold” rating in a research report on Friday, September 27th.

SunCoke Energy Company Profile

SunCoke Energy, Inc operates as an independent producer of coke in the Americas and Brazil. The company operates through three segments: Domestic Coke, Brazil Coke, and Logistics. It offers metallurgical and thermal coal. The company also provides handling and/or mixing services to steel, coke, electric utility, coal producing, and other manufacturing based customers.