CWA Asset Management Group LLC Buys 12,024 Shares of SunCoke Energy, Inc. (NYSE:SXC)

CWA Asset Management Group LLC lifted its position in SunCoke Energy, Inc. (NYSE:SXC) by 21.0% during the 4th quarter, Holdings Channel reports. The firm owned 69,326 shares of the energy company’s stock after acquiring an additional 12,024 shares during the period. CWA Asset Management Group LLC’s holdings in SunCoke Energy were worth $742,000 at the end of the most recent quarter.

Several other hedge funds also recently made changes to their positions in SXC. GAMMA Investing LLC grew its holdings in SunCoke Energy by 71.3% in the 4th quarter. GAMMA Investing LLC now owns 4,156 shares of the energy company’s stock worth $44,000 after acquiring an additional 1,730 shares during the last quarter. nVerses Capital LLC boosted its holdings in shares of SunCoke Energy by 488.9% during the third quarter. nVerses Capital LLC now owns 5,300 shares of the energy company’s stock worth $46,000 after purchasing an additional 4,400 shares during the period. Optas LLC bought a new stake in shares of SunCoke Energy in the third quarter worth about $88,000. Algert Global LLC bought a new stake in shares of SunCoke Energy in the second quarter worth about $107,000. Finally, Retirement Investment Advisors Inc. purchased a new position in SunCoke Energy during the 2nd quarter valued at about $110,000. 90.45% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

SXC has been the topic of a number of recent analyst reports. StockNews.com upgraded SunCoke Energy from a “hold” rating to a “buy” rating in a research report on Wednesday, October 16th. Benchmark reiterated a “buy” rating and issued a $13.00 price target on shares of SunCoke Energy in a report on Tuesday, November 5th.

SunCoke Energy Price Performance

SXC stock opened at $10.25 on Wednesday. The company has a debt-to-equity ratio of 0.71, a current ratio of 2.22 and a quick ratio of 1.27. SunCoke Energy, Inc. has a 1 year low of $7.47 and a 1 year high of $12.82. The firm has a 50-day moving average of $11.63 and a 200 day moving average of $10.01. The company has a market cap of $861.94 million, a P/E ratio of 10.25 and a beta of 1.08.

SunCoke Energy (NYSE:SXC) last released its earnings results on Thursday, October 31st. The energy company reported $0.36 EPS for the quarter, beating analysts’ consensus estimates of $0.22 by $0.14. SunCoke Energy had a return on equity of 12.95% and a net margin of 4.37%. The company had revenue of $490.10 million during the quarter, compared to analysts’ expectations of $412.70 million. During the same quarter last year, the business posted $0.08 EPS. The firm’s revenue for the quarter was down 5.8% compared to the same quarter last year. On average, sell-side analysts forecast that SunCoke Energy, Inc. will post 1.14 EPS for the current year.

SunCoke Energy Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, December 2nd. Stockholders of record on Thursday, November 14th were given a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a dividend yield of 4.68%. The ex-dividend date was Thursday, November 14th. SunCoke Energy’s dividend payout ratio is presently 48.00%.

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.