Jane Street Group LLC Increases Holdings in SunCoke Energy, Inc. (NYSE:SXC)

Jane Street Group LLC raised its stake in SunCoke Energy, Inc. (NYSE:SXC) by 450.3% during the 3rd quarter, HoldingsChannel reports. The firm owned 665,054 shares of the energy company’s stock after acquiring an additional 544,194 shares during the quarter. Jane Street Group LLC’s holdings in SunCoke Energy were worth $5,773,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently modified their holdings of SXC. nVerses Capital LLC raised its holdings in shares of SunCoke Energy by 488.9% during the 3rd quarter. nVerses Capital LLC now owns 5,300 shares of the energy company’s stock valued at $46,000 after buying an additional 4,400 shares during the period. Innealta Capital LLC acquired a new stake in SunCoke Energy in the second quarter valued at approximately $70,000. Optas LLC purchased a new stake in shares of SunCoke Energy during the third quarter valued at approximately $88,000. Algert Global LLC acquired a new position in shares of SunCoke Energy during the second quarter worth $107,000. Finally, Retirement Investment Advisors Inc. acquired a new position in shares of SunCoke Energy during the second quarter worth $110,000. Institutional investors and hedge funds own 90.45% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have commented on SXC shares. Benchmark reiterated a “buy” rating and issued a $13.00 price objective on shares of SunCoke Energy in a report on Tuesday, November 5th. StockNews.com upgraded SunCoke Energy from a “hold” rating to a “buy” rating in a research note on Wednesday, October 16th.

SunCoke Energy Stock Down 0.6 %

SXC stock opened at $11.91 on Monday. The company has a current ratio of 2.22, a quick ratio of 1.27 and a debt-to-equity ratio of 0.71. The firm has a 50 day simple moving average of $10.87 and a 200-day simple moving average of $9.89. The company has a market capitalization of $1.00 billion, a P/E ratio of 11.91 and a beta of 1.07. SunCoke Energy, Inc. has a twelve month low of $7.47 and a twelve month high of $12.82.

SunCoke Energy (NYSE:SXC) last announced its quarterly earnings data on Thursday, October 31st. The energy company reported $0.36 earnings per share for the quarter, topping the consensus estimate of $0.22 by $0.14. The company had revenue of $490.10 million during the quarter, compared to analyst estimates of $412.70 million. SunCoke Energy had a net margin of 4.37% and a return on equity of 12.95%. The firm’s revenue for the quarter was down 5.8% compared to the same quarter last year. During the same period last year, the business earned $0.08 EPS. On average, equities research analysts predict that SunCoke Energy, Inc. will post 1.14 earnings per share for the current fiscal year.

SunCoke Energy Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, December 2nd. Shareholders of record on Thursday, November 14th were paid a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a yield of 4.03%. The ex-dividend date of this dividend was Thursday, November 14th. SunCoke Energy’s payout ratio is currently 48.00%.

About SunCoke Energy

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.