Assenagon Asset Management S.A. Sells 221,176 Shares of SunCoke Energy, Inc. (NYSE:SXC)

Assenagon Asset Management S.A. decreased its stake in SunCoke Energy, Inc. (NYSE:SXC - Free Report) by 56.4% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 171,322 shares of the energy company's stock after selling 221,176 shares during the period. Assenagon Asset Management S.A. owned 0.20% of SunCoke Energy worth $1,833,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently made changes to their positions in SXC. CWA Asset Management Group LLC grew its holdings in SunCoke Energy by 21.0% during the 4th quarter. CWA Asset Management Group LLC now owns 69,326 shares of the energy company's stock worth $742,000 after acquiring an additional 12,024 shares during the period. GAMMA Investing LLC grew its holdings in SunCoke Energy by 71.3% in the fourth quarter. GAMMA Investing LLC now owns 4,156 shares of the energy company's stock worth $44,000 after purchasing an additional 1,730 shares during the period. JPMorgan Chase & Co. increased its stake in SunCoke Energy by 28.9% in the third quarter. JPMorgan Chase & Co. now owns 852,051 shares of the energy company's stock valued at $7,396,000 after purchasing an additional 191,235 shares in the last quarter. Sanctuary Advisors LLC raised its holdings in shares of SunCoke Energy by 11.7% during the third quarter. Sanctuary Advisors LLC now owns 44,430 shares of the energy company's stock valued at $386,000 after purchasing an additional 4,649 shares during the period. Finally, Barclays PLC boosted its position in shares of SunCoke Energy by 257.0% during the 3rd quarter. Barclays PLC now owns 202,890 shares of the energy company's stock worth $1,763,000 after purchasing an additional 146,065 shares in the last quarter. 90.45% of the stock is currently owned by institutional investors.

SunCoke Energy Stock Down 0.5 %

Shares of SunCoke Energy stock traded down $0.06 during trading hours on Friday, reaching $10.20. The company's stock had a trading volume of 496,849 shares, compared to its average volume of 821,277. The company has a market capitalization of $858.05 million, a P/E ratio of 10.20 and a beta of 1.08. The stock's fifty day simple moving average is $11.29 and its two-hundred day simple moving average is $10.04. 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 quick ratio of 1.27 and a current ratio of 2.22.

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

SunCoke Energy Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, December 2nd. Stockholders of record on Thursday, November 14th were issued a $0.12 dividend. The ex-dividend date was Thursday, November 14th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 4.70%. SunCoke Energy's dividend payout ratio is presently 48.00%.

Analysts Set New Price Targets

A number of analysts recently commented on the company. Benchmark reaffirmed a "buy" rating and issued a $13.00 target price 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 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.