Globeflex Capital L P grew its holdings in SunCoke Energy Inc (NYSE:SXC) by 132.0% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 36,391 shares of the energy company’s stock after purchasing an additional 20,703 shares during the period. Globeflex Capital L P owned about 0.06% of SunCoke Energy worth $423,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other hedge funds have also added to or reduced their stakes in SXC. Hartford Investment Management Co. purchased a new stake in SunCoke Energy in the second quarter worth $301,000. Acadian Asset Management LLC increased its stake in SunCoke Energy by 203.0% in the second quarter. Acadian Asset Management LLC now owns 404,181 shares of the energy company’s stock worth $5,417,000 after purchasing an additional 270,776 shares during the period. Dupont Capital Management Corp purchased a new stake in SunCoke Energy in the second quarter worth $695,000. Aperio Group LLC increased its stake in SunCoke Energy by 75.3% in the second quarter. Aperio Group LLC now owns 34,193 shares of the energy company’s stock worth $458,000 after purchasing an additional 14,687 shares during the period. Finally, New York State Teachers Retirement System increased its stake in SunCoke Energy by 36.4% in the second quarter. New York State Teachers Retirement System now owns 55,481 shares of the energy company’s stock worth $743,000 after purchasing an additional 14,800 shares during the period. Institutional investors and hedge funds own 90.99% of the company’s stock.
Several equities analysts have recently commented on the company. ValuEngine lowered SunCoke Energy from a “hold” rating to a “sell” rating in a research note on Wednesday. B. Riley restated a “buy” rating and set a $14.00 price target on shares of SunCoke Energy in a research note on Friday, November 9th. Finally, Zacks Investment Research upgraded SunCoke Energy from a “hold” rating to a “buy” rating and set a $12.00 price target on the stock in a research note on Saturday, October 27th. One research analyst has rated the stock with a sell rating and four have issued a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus target price of $13.00.
SunCoke Energy (NYSE:SXC) last announced its quarterly earnings results on Thursday, October 25th. The energy company reported $0.18 EPS for the quarter, beating the consensus estimate of $0.01 by $0.17. The firm had revenue of $364.50 million for the quarter, compared to analyst estimates of $330.25 million. SunCoke Energy had a return on equity of 5.00% and a net margin of 10.99%. Sell-side analysts predict that SunCoke Energy Inc will post 0.43 earnings per share for the current year.
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About SunCoke Energy
SunCoke Energy, Inc operates as an independent producer of coke in the Americas. 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.
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