Raymond James Trust N.A. Buys Shares of 17,336 SunCoke Energy Inc (NYSE:SXC)

Raymond James Trust N.A. bought a new stake in SunCoke Energy Inc (NYSE:SXC) during the second quarter, according to the company in its most recent disclosure with the SEC. The firm bought 17,336 shares of the energy company’s stock, valued at approximately $154,000.

Several other hedge funds have also modified their holdings of SXC. Cullen Frost Bankers Inc. acquired a new stake in shares of SunCoke Energy during the 1st quarter valued at $26,000. Bank of Montreal Can lifted its holdings in SunCoke Energy by 31.2% during the 1st quarter. Bank of Montreal Can now owns 6,521 shares of the energy company’s stock worth $55,000 after buying an additional 1,552 shares during the period. Quantamental Technologies LLC lifted its holdings in SunCoke Energy by 1,354.8% during the 1st quarter. Quantamental Technologies LLC now owns 6,765 shares of the energy company’s stock worth $57,000 after buying an additional 6,300 shares during the period. BNP Paribas Arbitrage SA lifted its holdings in SunCoke Energy by 1,779.2% during the 1st quarter. BNP Paribas Arbitrage SA now owns 14,263 shares of the energy company’s stock worth $121,000 after buying an additional 13,504 shares during the period. Finally, Convergence Investment Partners LLC acquired a new position in SunCoke Energy during the 1st quarter worth about $163,000. 93.40% of the stock is currently owned by hedge funds and other institutional investors.

Several brokerages have commented on SXC. ValuEngine downgraded SunCoke Energy from a “sell” rating to a “strong sell” rating in a report on Wednesday, May 8th. Zacks Investment Research raised SunCoke Energy from a “hold” rating to a “buy” rating and set a $9.50 target price on the stock in a report on Friday, July 12th.

SXC traded down $0.28 during midday trading on Thursday, hitting $7.31. 67,192 shares of the company were exchanged, compared to its average volume of 926,715. The firm has a market capitalization of $585.91 million, a price-to-earnings ratio of 18.30 and a beta of 1.24. SunCoke Energy Inc has a 1-year low of $7.29 and a 1-year high of $12.04. The business has a 50 day moving average price of $8.45. The company has a debt-to-equity ratio of 1.21, a current ratio of 1.78 and a quick ratio of 1.08.

SunCoke Energy (NYSE:SXC) last announced its earnings results on Tuesday, July 30th. The energy company reported $0.03 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.20 by ($0.17). The company had revenue of $407.50 million for the quarter, compared to analyst estimates of $369.30 million. SunCoke Energy had a return on equity of 4.01% and a net margin of 1.83%. The firm’s quarterly revenue was up 11.0% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.06 earnings per share. On average, equities analysts predict that SunCoke Energy Inc will post 0.9 EPS for the current year.

About SunCoke Energy

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.

See Also: What is the Consumer Price Index (CPI)?

Want to see what other hedge funds are holding SXC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for SunCoke Energy Inc (NYSE:SXC).

Institutional Ownership by Quarter for SunCoke Energy (NYSE:SXC)

Receive News & Ratings for SunCoke Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for SunCoke Energy and related companies with MarketBeat.com's FREE daily email newsletter.