Assenagon Asset Management S.A. Sells 64,962 Shares of SunCoke Energy, Inc. (NYSE:SXC)

Assenagon Asset Management S.A. lowered its stake in shares of SunCoke Energy, Inc. (NYSE:SXC - Free Report) by 14.2% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 392,498 shares of the energy company's stock after selling 64,962 shares during the quarter. Assenagon Asset Management S.A. owned 0.47% of SunCoke Energy worth $3,407,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of SXC. Vanguard Group Inc. boosted its stake in shares of SunCoke Energy by 1.1% in the 1st quarter. Vanguard Group Inc. now owns 6,843,301 shares of the energy company's stock worth $77,124,000 after buying an additional 77,649 shares during the last quarter. Pacer Advisors Inc. raised its stake in shares of SunCoke Energy by 3.1% during the 2nd quarter. Pacer Advisors Inc. now owns 4,708,272 shares of the energy company's stock worth $46,141,000 after purchasing an additional 139,971 shares during the period. American Century Companies Inc. grew its position in SunCoke Energy by 13.2% during the second quarter. American Century Companies Inc. now owns 2,512,292 shares of the energy company's stock valued at $24,620,000 after buying an additional 292,050 shares during the period. LSV Asset Management raised its position in SunCoke Energy by 2.4% in the first quarter. LSV Asset Management now owns 2,099,317 shares of the energy company's stock worth $23,659,000 after acquiring an additional 49,800 shares during the period. Finally, Bridgeway Capital Management LLC boosted its stake in SunCoke Energy by 2.1% in the first quarter. Bridgeway Capital Management LLC now owns 1,479,685 shares of the energy company's stock valued at $16,676,000 after acquiring an additional 30,790 shares during the last quarter. 90.45% of the stock is owned by hedge funds and other institutional investors.

SunCoke Energy Stock Performance

NYSE:SXC traded up $1.79 on Thursday, reaching $10.41. 1,228,974 shares of the company's stock were exchanged, compared to its average volume of 831,393. The firm has a market cap of $875.22 million, a price-to-earnings ratio of 14.61 and a beta of 1.04. The company has a debt-to-equity ratio of 0.74, a current ratio of 2.22 and a quick ratio of 1.19. The stock has a fifty day simple moving average of $8.45 and a 200-day simple moving average of $9.52. SunCoke Energy, Inc. has a 52 week low of $7.47 and a 52 week high of $11.85.

SunCoke Energy (NYSE:SXC - Get Free Report) last issued its earnings results on Wednesday, July 31st. The energy company reported $0.25 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.22 by $0.03. The business had revenue of $470.90 million for the quarter, compared to analysts' expectations of $410.35 million. SunCoke Energy had a net margin of 3.11% and a return on equity of 9.56%. The business's revenue for the quarter was down 11.9% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.24 EPS. As a group, sell-side analysts predict that SunCoke Energy, Inc. will post 0.94 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Separately, StockNews.com upgraded SunCoke Energy from a "hold" rating to a "buy" rating in a research note 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.