SunCoke Energy Inc (NYSE:SXC) shot up 6.2% during mid-day trading on Monday . The stock traded as high as $6.72 and last traded at $6.72, 784,240 shares changed hands during trading. A decline of 8% from the average session volume of 851,223 shares. The stock had previously closed at $6.33.
A number of brokerages recently commented on SXC. ValuEngine raised shares of SunCoke Energy from a “strong sell” rating to a “sell” rating in a report on Thursday, August 1st. Zacks Investment Research cut SunCoke Energy from a “hold” rating to a “sell” rating in a research note on Wednesday.
The company has a 50-day moving average price of $6.76 and a two-hundred day moving average price of $8.08. The stock has a market cap of $612.92 million, a P/E ratio of 17.88 and a beta of 1.30. The company has a current ratio of 1.84, a quick ratio of 1.00 and a debt-to-equity ratio of 1.15.
In other news, Director John W. Rowe bought 15,974 shares of SunCoke Energy stock in a transaction dated Wednesday, August 14th. The shares were acquired at an average price of $5.91 per share, with a total value of $94,406.34. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 1.46% of the company’s stock.
Several large investors have recently made changes to their positions in SXC. Bank of Montreal Can raised its holdings in shares of SunCoke Energy by 31.2% in the first 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 boosted 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 valued at $57,000 after acquiring an additional 6,300 shares during the period. Royal Bank of Canada grew its position in SunCoke Energy by 103.2% in the 2nd quarter. Royal Bank of Canada now owns 11,786 shares of the energy company’s stock valued at $103,000 after acquiring an additional 5,987 shares during the last quarter. BNP Paribas Arbitrage SA grew its position in SunCoke Energy by 1,779.2% in the 1st quarter. BNP Paribas Arbitrage SA now owns 14,263 shares of the energy company’s stock valued at $121,000 after acquiring an additional 13,504 shares during the last quarter. Finally, Fortem Financial Group LLC purchased a new stake in SunCoke Energy in the second quarter worth $127,000. Institutional investors and hedge funds own 81.55% of the company’s stock.
About SunCoke Energy (NYSE:SXC)
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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