Virtu Financial LLC bought a new position in shares of SunCoke Energy Inc (NYSE:SXC) during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 20,378 shares of the energy company’s stock, valued at approximately $173,000.
Several other hedge funds have also recently bought and sold shares of the business. Cutler Group LP purchased a new stake in shares of SunCoke Energy in the 4th quarter worth $30,000. Oppenheimer Asset Management Inc. purchased a new stake in shares of SunCoke Energy in the 4th quarter worth $87,000. Mackenzie Financial Corp purchased a new stake in shares of SunCoke Energy in the 4th quarter worth $92,000. Smith Asset Management Group LP increased its stake in shares of SunCoke Energy by 32.8% in the 4th quarter. Smith Asset Management Group LP now owns 12,667 shares of the energy company’s stock worth $108,000 after purchasing an additional 3,130 shares in the last quarter. Finally, Wiley BROS. Aintree Capital LLC purchased a new stake in shares of SunCoke Energy in the 4th quarter worth $77,000. Hedge funds and other institutional investors own 88.89% of the company’s stock.
SXC stock traded down $0.18 during trading on Wednesday, reaching $7.84. The company’s stock had a trading volume of 450,407 shares, compared to its average volume of 621,748. The firm has a market capitalization of $522.76 million, a PE ratio of 19.60 and a beta of 1.04. The company has a debt-to-equity ratio of 1.21, a quick ratio of 1.08 and a current ratio of 1.78. SunCoke Energy Inc has a 1 year low of $7.61 and a 1 year high of $14.32.
SunCoke Energy (NYSE:SXC) last issued its quarterly earnings data on Wednesday, April 24th. The energy company reported $0.15 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $0.15. The firm had revenue of $391.30 million during the quarter, compared to analyst estimates of $357.85 million. SunCoke Energy had a return on equity of 4.01% and a net margin of 1.83%. The business’s quarterly revenue was up 11.6% compared to the same quarter last year. During the same quarter last year, the business posted $0.13 earnings per share. On average, sell-side analysts forecast that SunCoke Energy Inc will post 0.62 EPS for the current fiscal year.
Several equities research analysts have recently commented on SXC shares. Zacks Investment Research lowered SunCoke Energy from a “buy” rating to a “hold” rating in a research note on Thursday, April 11th. ValuEngine lowered SunCoke Energy from a “hold” rating to a “sell” rating in a research note on Friday, March 1st.
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SunCoke Energy 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.
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