Algert Global LLC Takes Position in SunCoke Energy, Inc. (NYSE:SXC)

Algert Global LLC bought a new position in shares of SunCoke Energy, Inc. (NYSE:SXC) in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 10,947 shares of the energy company’s stock, valued at approximately $107,000.

Other institutional investors also recently bought and sold shares of the company. Innealta Capital LLC bought a new stake in SunCoke Energy in the 2nd quarter worth approximately $70,000. Retirement Investment Advisors Inc. purchased a new position in shares of SunCoke Energy in the second quarter valued at $110,000. Beacon Bridge Wealth Partners LLC bought a new stake in SunCoke Energy in the second quarter worth $111,000. Cornerstone Investment Partners LLC purchased a new stake in SunCoke Energy during the first quarter valued at $174,000. Finally, ProShare Advisors LLC lifted its position in SunCoke Energy by 7.4% during the first quarter. ProShare Advisors LLC now owns 16,856 shares of the energy company’s stock valued at $190,000 after purchasing an additional 1,158 shares during the last quarter. 90.45% of the stock is owned by hedge funds and other institutional investors.

SunCoke Energy Stock Performance

NYSE:SXC opened at $8.67 on Friday. The company has a debt-to-equity ratio of 0.74, a quick ratio of 1.19 and a current ratio of 2.22. The stock’s fifty day moving average is $8.51 and its 200 day moving average is $9.75. The firm has a market capitalization of $729.06 million, a PE ratio of 12.04 and a beta of 1.04. SunCoke Energy, Inc. has a fifty-two week low of $7.47 and a fifty-two week high of $11.85.

SunCoke Energy (NYSE:SXC) last released its earnings results on Wednesday, July 31st. The energy company reported $0.25 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.22 by $0.03. The firm had revenue of $470.90 million during 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 revenue was down 11.9% on a year-over-year basis. During the same quarter last year, the business earned $0.24 EPS. On average, sell-side analysts anticipate that SunCoke Energy, Inc. will post 0.94 earnings per share for the current year.

SunCoke Energy Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 3rd. Shareholders of record on Thursday, August 15th were given a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a dividend yield of 5.54%. The ex-dividend date of this dividend was Thursday, August 15th. This is a positive change from SunCoke Energy’s previous quarterly dividend of $0.10. SunCoke Energy’s payout ratio is 66.67%.

Analysts Set New Price Targets

Separately, StockNews.com upgraded shares of SunCoke Energy from a “hold” rating to a “buy” rating in a research report on Saturday, October 5th.

SunCoke Energy 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.