SunCoke Energy, Inc. (NYSE:SXC) Shares Acquired by Dynamic Technology Lab Private Ltd

Dynamic Technology Lab Private Ltd increased its stake in shares of SunCoke Energy, Inc. (NYSE:SXC) by 182.4% during the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 127,344 shares of the energy company’s stock after buying an additional 82,244 shares during the quarter. Dynamic Technology Lab Private Ltd owned about 0.15% of SunCoke Energy worth $1,105,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Intech Investment Management LLC lifted its holdings in SunCoke Energy by 116.0% in the third quarter. Intech Investment Management LLC now owns 42,606 shares of the energy company’s stock valued at $370,000 after acquiring an additional 22,881 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. lifted its holdings in SunCoke Energy by 13.6% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 312,955 shares of the energy company’s stock worth $2,716,000 after buying an additional 37,378 shares during the last quarter. Empowered Funds LLC boosted its holdings in shares of SunCoke Energy by 5.3% in the 3rd quarter. Empowered Funds LLC now owns 462,035 shares of the energy company’s stock valued at $4,010,000 after buying an additional 23,450 shares in the last quarter. Victory Capital Management Inc. boosted its stake in SunCoke Energy by 1.9% in the third quarter. Victory Capital Management Inc. now owns 109,468 shares of the energy company’s stock valued at $950,000 after acquiring an additional 2,054 shares in the last quarter. Finally, GSA Capital Partners LLP increased its position in shares of SunCoke Energy by 112.5% during the third quarter. GSA Capital Partners LLP now owns 176,855 shares of the energy company’s stock worth $1,535,000 after purchasing an additional 93,644 shares in the last quarter. Institutional investors and hedge funds own 90.45% of the company’s stock.

SunCoke Energy Stock Down 2.1 %

SunCoke Energy stock opened at $12.30 on Wednesday. The firm has a market capitalization of $1.03 billion, a price-to-earnings ratio of 12.30 and a beta of 1.02. The company has a debt-to-equity ratio of 0.71, a quick ratio of 1.27 and a current ratio of 2.22. SunCoke Energy, Inc. has a fifty-two week low of $7.47 and a fifty-two week high of $12.82. The stock’s fifty day moving average is $9.76 and its two-hundred day moving average is $9.71.

SunCoke Energy (NYSE:SXC) last posted its earnings results on Thursday, October 31st. The energy company reported $0.36 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.22 by $0.14. The firm had revenue of $490.10 million for the quarter, compared to analyst estimates of $412.70 million. SunCoke Energy had a return on equity of 12.95% and a net margin of 4.37%. SunCoke Energy’s revenue was down 5.8% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.08 EPS. Analysts predict that SunCoke Energy, Inc. will post 1.14 EPS for the current fiscal year.

SunCoke Energy Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, December 2nd. Shareholders of record on Thursday, November 14th will be paid a $0.12 dividend. The ex-dividend date of this dividend is Thursday, November 14th. This represents a $0.48 annualized dividend and a yield of 3.90%. SunCoke Energy’s payout ratio is currently 48.00%.

Analysts Set New Price Targets

Several research firms recently commented on SXC. StockNews.com upgraded shares of SunCoke Energy from a “hold” rating to a “buy” rating in a research report on Wednesday, October 16th. Benchmark reissued a “buy” rating and set a $13.00 target price on shares of SunCoke Energy in a research note on Tuesday, November 5th.

SunCoke Energy 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.