SunCoke Energy Inc (NYSE:SXC) Stock Position Increased by JHL Capital Group LLC

JHL Capital Group LLC raised its holdings in SunCoke Energy Inc (NYSE:SXC) by 146.2% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,600,000 shares of the energy company’s stock after purchasing an additional 950,000 shares during the period. SunCoke Energy accounts for approximately 6.4% of JHL Capital Group LLC’s portfolio, making the stock its largest holding. JHL Capital Group LLC owned approximately 1.75% of SunCoke Energy worth $14,208,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Bank of Montreal Can lifted its stake in shares of SunCoke Energy by 31.2% during the first quarter. Bank of Montreal Can now owns 6,521 shares of the energy company’s stock valued at $55,000 after buying an additional 1,552 shares during the period. BNP Paribas Arbitrage SA increased its position in shares of SunCoke Energy by 1,779.2% in the first quarter. BNP Paribas Arbitrage SA now owns 14,263 shares of the energy company’s stock worth $121,000 after acquiring an additional 13,504 shares in the last quarter. Fortem Financial Group LLC acquired a new stake in SunCoke Energy during the 2nd quarter valued at $127,000. Trexquant Investment LP acquired a new stake in SunCoke Energy during the 2nd quarter valued at $140,000. Finally, Raymond James Trust N.A. acquired a new stake in SunCoke Energy during the 2nd quarter valued at $154,000. 81.47% of the stock is currently owned by institutional investors.

SXC traded down $0.22 during trading hours on Wednesday, reaching $6.92. 16,940 shares of the stock traded hands, compared to its average volume of 782,851. The firm’s fifty day simple moving average is $6.58 and its two-hundred day simple moving average is $8.01. The company has a market cap of $648.50 million, a price-to-earnings ratio of 17.78 and a beta of 1.30. SunCoke Energy Inc has a fifty-two week low of $5.81 and a fifty-two week high of $12.04. The company has a debt-to-equity ratio of 1.15, a current ratio of 1.84 and a quick ratio of 1.00.

SunCoke Energy (NYSE:SXC) last posted its quarterly earnings data on Tuesday, July 30th. The energy company reported $0.03 EPS for the quarter, missing the Zacks’ consensus estimate of $0.20 by ($0.17). SunCoke Energy had a net margin of 1.66% and a return on equity of 3.66%. The company had revenue of $407.50 million for the quarter, compared to the consensus estimate of $369.30 million. During the same quarter last year, the company earned $0.06 earnings per share. The company’s revenue was up 11.0% compared to the same quarter last year. On average, research analysts predict that SunCoke Energy Inc will post 0.62 earnings per share for the current year.

In related news, Director John W. Rowe acquired 15,974 shares of SunCoke Energy stock in a transaction on Wednesday, August 14th. The shares were purchased at an average cost of $5.91 per share, for a total transaction of $94,406.34. The purchase was disclosed in a filing with the SEC, which is available through this hyperlink. Corporate insiders own 1.46% of the company’s stock.

A number of equities research analysts recently weighed in on the stock. ValuEngine raised shares of SunCoke Energy from a “strong sell” rating to a “sell” rating in a report on Thursday, August 1st. Zacks Investment Research lowered shares of SunCoke Energy from a “hold” rating to a “sell” rating in a report on Wednesday, September 11th.

SunCoke Energy Company Profile

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.

Further Reading: Outperform Rating

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Institutional Ownership by Quarter for SunCoke Energy (NYSE:SXC)

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