Gendell Jeffrey L cut its holdings in SunCoke Energy Inc (NYSE:SXC) by 5.3% in the fourth quarter, HoldingsChannel reports. The firm owned 2,068,327 shares of the energy company’s stock after selling 115,914 shares during the period. SunCoke Energy accounts for approximately 1.7% of Gendell Jeffrey L’s portfolio, making the stock its 11th biggest holding. Gendell Jeffrey L’s holdings in SunCoke Energy were worth $24,799,000 at the end of the most recent quarter.
Other large investors have also modified their holdings of the company. Citadel Advisors LLC bought a new stake in SunCoke Energy during the third quarter valued at about $617,000. GSA Capital Partners LLP boosted its holdings in SunCoke Energy by 112.1% during the third quarter. GSA Capital Partners LLP now owns 77,968 shares of the energy company’s stock valued at $713,000 after acquiring an additional 41,204 shares during the period. Stevens Capital Management LP bought a new stake in SunCoke Energy during the third quarter valued at about $456,000. Engineers Gate Manager LP bought a new stake in SunCoke Energy during the third quarter valued at about $331,000. Finally, Prudential Financial Inc. boosted its holdings in SunCoke Energy by 5.3% during the third quarter. Prudential Financial Inc. now owns 442,840 shares of the energy company’s stock valued at $4,047,000 after acquiring an additional 22,290 shares during the period. Hedge funds and other institutional investors own 93.91% of the company’s stock.
SXC has been the subject of a number of recent analyst reports. Zacks Investment Research cut shares of SunCoke Energy from a “strong-buy” rating to a “hold” rating in a report on Wednesday, December 27th. Clarkson Capital upgraded shares of SunCoke Energy from a “neutral” rating to a “buy” rating in a report on Friday, February 9th. Finally, B. Riley restated a “buy” rating on shares of SunCoke Energy in a report on Wednesday, November 1st. One analyst has rated the stock with a sell rating and three have issued a buy rating to the company. SunCoke Energy has an average rating of “Buy” and a consensus price target of $11.00.
SunCoke Energy (NYSE:SXC) last announced its quarterly earnings data on Wednesday, January 31st. The energy company reported $0.14 EPS for the quarter, missing the Zacks’ consensus estimate of $0.16 by ($0.02). The company had revenue of $359.60 million for the quarter, compared to analyst estimates of $353.60 million. SunCoke Energy had a net margin of 9.19% and a return on equity of 3.13%. The firm’s quarterly revenue was up 10.4% on a year-over-year basis. During the same period in the prior year, the company posted $0.26 EPS. sell-side analysts forecast that SunCoke Energy Inc will post 0.12 EPS for the current fiscal year.
In other news, insider Phillip Michael Hardesty sold 4,444 shares of the company’s stock in a transaction dated Thursday, November 30th. The shares were sold at an average price of $11.37, for a total transaction of $50,528.28. Following the completion of the transaction, the insider now owns 70,161 shares of the company’s stock, valued at $797,730.57. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 3.85% of the stock is currently owned by corporate insiders.
SunCoke Energy Profile
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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