GAMMA Investing LLC Makes New Investment in SunCoke Energy, Inc. (NYSE:SXC)

GAMMA Investing LLC acquired a new stake in SunCoke Energy, Inc. (NYSE:SXC) during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm acquired 2,998 shares of the energy company’s stock, valued at approximately $31,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. SG Americas Securities LLC acquired a new position in shares of SunCoke Energy during the 3rd quarter worth about $497,000. Strs Ohio grew its stake in SunCoke Energy by 113.8% in the third quarter. Strs Ohio now owns 71,400 shares of the energy company’s stock valued at $724,000 after purchasing an additional 38,000 shares in the last quarter. Yorktown Management & Research Co Inc acquired a new position in shares of SunCoke Energy during the 3rd quarter worth approximately $492,000. Advisor Partners II LLC bought a new stake in shares of SunCoke Energy during the 3rd quarter worth approximately $102,000. Finally, Paulson Wealth Management Inc. boosted its holdings in shares of SunCoke Energy by 17.8% in the 3rd quarter. Paulson Wealth Management Inc. now owns 14,387 shares of the energy company’s stock valued at $146,000 after buying an additional 2,172 shares during the last quarter. 90.45% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

SXC has been the topic of a number of recent analyst reports. StockNews.com downgraded shares of SunCoke Energy from a “strong-buy” rating to a “buy” rating in a report on Friday. Benchmark reaffirmed a “buy” rating and issued a $12.00 target price on shares of SunCoke Energy in a report on Thursday.

Insider Transactions at SunCoke Energy

In related news, CEO Michael G. Rippey sold 48,618 shares of the business’s stock in a transaction on Monday, March 4th. The stock was sold at an average price of $10.93, for a total value of $531,394.74. Following the completion of the sale, the chief executive officer now directly owns 763,409 shares in the company, valued at approximately $8,344,060.37. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other SunCoke Energy news, CEO Michael G. Rippey sold 122,533 shares of the business’s stock in a transaction dated Monday, March 11th. The shares were sold at an average price of $11.11, for a total value of $1,361,341.63. Following the completion of the sale, the chief executive officer now owns 521,073 shares of the company’s stock, valued at approximately $5,789,121.03. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Michael G. Rippey sold 48,618 shares of the firm’s stock in a transaction that occurred on Monday, March 4th. The stock was sold at an average price of $10.93, for a total transaction of $531,394.74. Following the transaction, the chief executive officer now directly owns 763,409 shares in the company, valued at $8,344,060.37. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 251,572 shares of company stock worth $2,781,834. Company insiders own 1.73% of the company’s stock.

SunCoke Energy Stock Up 1.8 %

SXC opened at $10.31 on Monday. The company has a current ratio of 2.06, a quick ratio of 1.05 and a debt-to-equity ratio of 0.75. The stock’s fifty day simple moving average is $10.81 and its 200 day simple moving average is $10.31. SunCoke Energy, Inc. has a 1-year low of $6.71 and a 1-year high of $11.48. The stock has a market cap of $866.76 million, a PE ratio of 14.52 and a beta of 1.19.

SunCoke Energy (NYSE:SXC) last posted its earnings results on Wednesday, May 1st. The energy company reported $0.23 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.22 by $0.01. SunCoke Energy had a net margin of 2.97% and a return on equity of 9.48%. The company had revenue of $488.40 million during the quarter, compared to analysts’ expectations of $549.40 million. During the same quarter last year, the company posted $0.19 EPS. SunCoke Energy’s quarterly revenue was up .1% compared to the same quarter last year. As a group, research analysts expect that SunCoke Energy, Inc. will post 0.86 earnings per share for the current year.

SunCoke Energy Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, June 3rd. Stockholders of record on Wednesday, May 15th will be given a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 3.88%. The ex-dividend date is Tuesday, May 14th. SunCoke Energy’s payout ratio is 56.34%.

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.