57,302 Shares in SunCoke Energy, Inc. (NYSE:SXC) Bought by CWA Asset Management Group LLC

CWA Asset Management Group LLC purchased a new stake in shares of SunCoke Energy, Inc. (NYSE:SXC - Free Report) during the 3rd quarter, according to its most recent filing with the SEC. The institutional investor purchased 57,302 shares of the energy company's stock, valued at approximately $497,000. CWA Asset Management Group LLC owned about 0.07% of SunCoke Energy at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in the stock. nVerses Capital LLC raised its holdings in shares of SunCoke Energy by 488.9% during the third quarter. nVerses Capital LLC now owns 5,300 shares of the energy company's stock valued at $46,000 after acquiring an additional 4,400 shares during the last quarter. Innealta Capital LLC acquired a new position in SunCoke Energy in the 2nd quarter valued at about $70,000. Optas LLC acquired a new stake in SunCoke Energy in the third quarter valued at $88,000. Algert Global LLC acquired a new position in SunCoke Energy during the second quarter worth about $107,000. Finally, Retirement Investment Advisors Inc. purchased a new position in shares of SunCoke Energy during the 2nd quarter worth $110,000. 90.45% of the stock is currently owned by institutional investors.

SunCoke Energy Stock Performance

SXC traded down $0.07 on Tuesday, hitting $12.57. 806,472 shares of the stock traded hands, compared to its average volume of 848,681. SunCoke Energy, Inc. has a 52 week low of $7.47 and a 52 week high of $12.81. The firm has a market capitalization of $1.06 billion, a PE ratio of 12.64 and a beta of 1.02. The company has a current ratio of 2.22, a quick ratio of 1.27 and a debt-to-equity ratio of 0.71. The business has a fifty day moving average price of $8.87 and a two-hundred day moving average price of $9.55.

SunCoke Energy (NYSE:SXC - Get Free Report) last issued its quarterly earnings results on Thursday, October 31st. The energy company reported $0.36 EPS for the quarter, beating the consensus estimate of $0.22 by $0.14. SunCoke Energy had a return on equity of 12.95% and a net margin of 4.37%. The firm had revenue of $490.10 million during the quarter, compared to analysts' expectations of $412.70 million. During the same period in the prior year, the firm posted $0.08 earnings per share. The business's quarterly revenue was down 5.8% compared to the same quarter last year. On average, research analysts predict that SunCoke Energy, Inc. will post 1.14 EPS for the current fiscal year.

SunCoke Energy Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, December 2nd. Investors of record on Thursday, November 14th will be issued a $0.12 dividend. This represents a $0.48 annualized dividend and a yield of 3.82%. The ex-dividend date of this dividend is Thursday, November 14th. SunCoke Energy's payout ratio is presently 48.00%.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on SXC. Benchmark reissued a "buy" rating and issued a $13.00 price objective on shares of SunCoke Energy in a research report on Tuesday, November 5th. StockNews.com upgraded SunCoke Energy from a "hold" rating to a "buy" rating in a research report on Wednesday, October 16th.

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.