AXQ Capital LP Purchases Shares of 17,733 SunCoke Energy, Inc. (NYSE:SXC)

AXQ Capital LP acquired a new position in shares of SunCoke Energy, Inc. (NYSE:SXC) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 17,733 shares of the energy company’s stock, valued at approximately $190,000.

A number of other hedge funds have also modified their holdings of SXC. Victory Capital Management Inc. lifted its stake in SunCoke Energy by 1.9% in the 3rd 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. Connor Clark & Lunn Investment Management Ltd. lifted its position in shares of SunCoke Energy by 13.6% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 312,955 shares of the energy company’s stock worth $2,716,000 after purchasing an additional 37,378 shares in the last quarter. Intech Investment Management LLC lifted its position in shares of SunCoke Energy by 116.0% in the third quarter. Intech Investment Management LLC now owns 42,606 shares of the energy company’s stock worth $370,000 after purchasing an additional 22,881 shares in the last quarter. Dynamic Technology Lab Private Ltd boosted its holdings in SunCoke Energy by 182.4% during the third quarter. Dynamic Technology Lab Private Ltd now owns 127,344 shares of the energy company’s stock worth $1,105,000 after purchasing an additional 82,244 shares during the last quarter. Finally, FMR LLC grew its position in SunCoke Energy by 27.5% in the third quarter. FMR LLC now owns 327,724 shares of the energy company’s stock valued at $2,845,000 after purchasing an additional 70,786 shares in the last quarter. 90.45% of the stock is currently owned by institutional investors.

SunCoke Energy Trading Up 2.7 %

Shares of NYSE:SXC opened at $9.36 on Tuesday. The company’s 50-day moving average price is $9.55 and its two-hundred day moving average price is $9.99. SunCoke Energy, Inc. has a one year low of $7.47 and a one year high of $12.82. The company has a debt-to-equity ratio of 0.71, a current ratio of 2.22 and a quick ratio of 1.27. The stock has a market capitalization of $789.11 million, a PE ratio of 8.35 and a beta of 0.98.

SunCoke Energy (NYSE:SXC) last released its earnings results on Thursday, January 30th. The energy company reported $0.28 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.24 by $0.04. SunCoke Energy had a return on equity of 14.31% and a net margin of 4.95%. On average, equities analysts forecast that SunCoke Energy, Inc. will post 0.71 EPS for the current fiscal year.

SunCoke Energy Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 3rd. Stockholders of record on Monday, February 17th were issued a $0.12 dividend. This represents a $0.48 annualized dividend and a dividend yield of 5.13%. The ex-dividend date of this dividend was Friday, February 14th. SunCoke Energy’s payout ratio is presently 42.86%.

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.