State of New Jersey Common Pension Fund D has decreased its stake in SunCoke Energy, Inc. by 51.6% during the first quarter, according to Holdings Channel.com. The fund sold 144,899 shares of the energy company’s stock, leaving them with 136,080 shares valued at $1,222,000 as of their most recent SEC filing.
Other hedge funds and institutional investors have also been buying and selling shares of SunCoke Energy. New Hampshire Trust acquired a new position in the company during the fourth quarter, while Dorsey Wright & Associates and Captrust Financial Advisors each acquired new positions in the company during the same period.
Tower Research Capital LLC TRC and Royal Bank of Canada also increased their stakes in SunCoke Energy during the third quarter. Approximately 87.33% of the stock is currently owned by institutional investors and hedge funds.
Shares of SXC stock opened at $8.41 on Monday. The stock has a market capitalization of $704.09 million, a PE ratio of 8.17, and a beta of 1.26. SunCoke Energy has a 52-week low of $5.72 and a 52-week high of $10.43. The stock’s 50-day moving average price is $7.74 and its 200-day moving average price is $8.46.
SunCoke Energy recently reported its quarterly earnings, meeting the consensus estimate of $0.19 earnings per share (EPS). The company had revenue of $487.80 million for the quarter, exceeding analysts’ expectations. SunCoke Energy had a return on equity of 14.36% and a net margin of 4.33%. Analysts project the company will post earnings of $0.77 per share for the current fiscal year.
The company also announced a quarterly dividend, with shareholders of record on May 18th receiving a $0.08 dividend. The dividend payout ratio is currently 31.07%.
StockNews.com recently started covering SunCoke Energy and issued a “buy” rating on the stock.
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, as well as handling and mixing services to various customers.
To learn more about SunCoke Energy, including other hedge funds holding SXC and insider trades, visit HoldingsChannel.com.
