Hotchkis & Wiley Capital Management LLC Takes $5.47 Million Position in SunCoke Energy, Inc. (NYSE:SXC)

Hotchkis & Wiley Capital Management LLC bought a new stake in SunCoke Energy, Inc. (NYSE:SXC - Free Report) in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 630,240 shares of the energy company's stock, valued at approximately $5,470,000. Hotchkis & Wiley Capital Management LLC owned about 0.75% of SunCoke Energy at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in the business. nVerses Capital LLC boosted its position in shares of SunCoke Energy by 488.9% in the third quarter. nVerses Capital LLC now owns 5,300 shares of the energy company's stock worth $46,000 after acquiring an additional 4,400 shares during the last quarter. Innealta Capital LLC acquired a new stake in shares of SunCoke Energy during the 2nd quarter worth $70,000. Optas LLC purchased a new position in shares of SunCoke Energy in the 3rd quarter worth $88,000. Algert Global LLC purchased a new stake in SunCoke Energy during the second quarter valued at about $107,000. Finally, Retirement Investment Advisors Inc. acquired a new stake in SunCoke Energy during the 2nd quarter worth approximately $110,000. 90.45% of the stock is currently owned by hedge funds and other institutional investors.

SunCoke Energy Stock Down 2.2 %

Shares of SunCoke Energy stock traded down $0.27 during trading hours on Friday, hitting $12.19. 606,283 shares of the company's stock traded hands, compared to its average volume of 835,973. The company has a quick ratio of 1.27, a current ratio of 2.22 and a debt-to-equity ratio of 0.71. SunCoke Energy, Inc. has a twelve month low of $7.47 and a twelve month high of $12.82. The stock has a 50 day simple moving average of $10.45 and a 200-day simple moving average of $9.83. The company has a market cap of $1.03 billion, a PE ratio of 12.46 and a beta of 1.07.

SunCoke Energy (NYSE:SXC - Get Free Report) last posted its quarterly earnings data on Thursday, October 31st. The energy company reported $0.36 earnings per share (EPS) for the quarter, topping 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 company had revenue of $490.10 million for the quarter, compared to the consensus estimate of $412.70 million. During the same period in the previous year, the business earned $0.08 EPS. SunCoke Energy's revenue for the quarter was down 5.8% compared to the same quarter last year. Equities research analysts anticipate that SunCoke Energy, Inc. will post 1.14 earnings per share for the current fiscal year.

SunCoke Energy Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, December 2nd. Stockholders of record on Thursday, November 14th were given a dividend of $0.12 per share. The ex-dividend date of this dividend was Thursday, November 14th. This represents a $0.48 annualized dividend and a dividend yield of 3.94%. SunCoke Energy's payout ratio is 48.00%.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on the stock. Benchmark reiterated a "buy" rating and set a $13.00 price objective on shares of SunCoke Energy in a research note on Tuesday, November 5th. StockNews.com raised 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.