Jacobs Levy Equity Management Inc. Has $6.57 Million Stake in SunCoke Energy, Inc. (NYSE:SXC)

Jacobs Levy Equity Management Inc. reduced its position in SunCoke Energy, Inc. (NYSE:SXC - Free Report) by 9.4% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 757,266 shares of the energy company's stock after selling 78,376 shares during the period. Jacobs Levy Equity Management Inc. owned about 0.90% of SunCoke Energy worth $6,573,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of the company. GSA Capital Partners LLP increased its holdings in shares of SunCoke Energy by 112.5% during the 3rd quarter. GSA Capital Partners LLP now owns 176,855 shares of the energy company's stock valued at $1,535,000 after acquiring an additional 93,644 shares during the last quarter. Bank of Montreal Can increased its holdings in shares of SunCoke Energy by 111.3% during the 2nd quarter. Bank of Montreal Can now owns 176,260 shares of the energy company's stock valued at $1,729,000 after acquiring an additional 92,827 shares during the last quarter. Dynamic Technology Lab Private Ltd increased its holdings in shares of SunCoke Energy by 182.4% during the 3rd quarter. Dynamic Technology Lab Private Ltd now owns 127,344 shares of the energy company's stock valued at $1,105,000 after acquiring an additional 82,244 shares during the last quarter. CWA Asset Management Group LLC acquired a new position in shares of SunCoke Energy during the 3rd quarter valued at about $497,000. Finally, Semanteon Capital Management LP acquired a new position in shares of SunCoke Energy during the 3rd quarter valued at about $802,000. 90.45% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on SXC. StockNews.com upgraded SunCoke Energy from a "hold" rating to a "buy" rating in a research note on Wednesday, October 16th. Benchmark restated a "buy" rating and set a $13.00 target price on shares of SunCoke Energy in a research note on Tuesday, November 5th.

SunCoke Energy Stock Performance

NYSE:SXC traded down $0.27 during mid-day trading on Friday, hitting $12.19. 606,283 shares of the company's stock traded hands, compared to its average volume of 835,973. The firm has a 50 day moving average of $10.45 and a two-hundred day moving average of $9.83. The company has a current ratio of 2.22, a quick ratio of 1.27 and a debt-to-equity ratio of 0.71. SunCoke Energy, Inc. has a 12 month low of $7.47 and a 12 month high of $12.82. The firm has a market capitalization of $1.03 billion, a price-to-earnings ratio of 12.46 and a beta of 1.07.

SunCoke Energy (NYSE:SXC - Get Free Report) last announced its quarterly earnings data on Thursday, October 31st. The energy company reported $0.36 EPS for the quarter, topping analysts' consensus estimates 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 during the quarter, compared to the consensus estimate of $412.70 million. During the same quarter last year, the company earned $0.08 EPS. The company's quarterly revenue was down 5.8% on a year-over-year basis. On average, equities analysts forecast that SunCoke Energy, Inc. will post 1.14 earnings per share for the current fiscal year.

SunCoke Energy Announces Dividend

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 of this dividend was Thursday, November 14th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 3.94%. SunCoke Energy's payout ratio is presently 48.00%.

SunCoke Energy Profile

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.