Dynamic Technology Lab Private Ltd Buys 82,244 Shares of SunCoke Energy, Inc. (NYSE:SXC)

Dynamic Technology Lab Private Ltd lifted its stake in SunCoke Energy, Inc. (NYSE:SXC - Free Report) by 182.4% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 127,344 shares of the energy company's stock after purchasing an additional 82,244 shares during the period. Dynamic Technology Lab Private Ltd owned 0.15% of SunCoke Energy worth $1,105,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in SXC. nVerses Capital LLC grew its holdings in shares of SunCoke Energy by 488.9% in the 3rd quarter. nVerses Capital LLC now owns 5,300 shares of the energy company's stock valued at $46,000 after buying an additional 4,400 shares during the period. Innealta Capital LLC acquired a new position in SunCoke Energy in the second quarter valued at about $70,000. Optas LLC bought a new stake in shares of SunCoke Energy in the third quarter worth about $88,000. Algert Global LLC acquired a new position in shares of SunCoke Energy in the 2nd quarter valued at approximately $107,000. Finally, Retirement Investment Advisors Inc. bought a new position in SunCoke Energy in the second quarter valued at approximately $110,000. 90.45% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities research analysts recently commented on the stock. StockNews.com upgraded shares of SunCoke Energy from a "hold" rating to a "buy" rating in a report on Wednesday, October 16th. Benchmark restated a "buy" rating and issued a $13.00 price target on shares of SunCoke Energy in a report on Tuesday, November 5th.

SunCoke Energy Stock Up 1.5 %

Shares of NYSE SXC traded up $0.18 during midday trading on Wednesday, reaching $12.48. The company's stock had a trading volume of 526,886 shares, compared to its average volume of 842,269. SunCoke Energy, Inc. has a fifty-two week low of $7.47 and a fifty-two week high of $12.82. The stock has a 50 day simple moving average of $9.85 and a 200-day simple moving average of $9.72. The stock has a market capitalization of $1.05 billion, a price-to-earnings ratio of 12.43 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.

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, topping the consensus estimate of $0.22 by $0.14. The firm had revenue of $490.10 million for the quarter, compared to analysts' expectations of $412.70 million. SunCoke Energy had a net margin of 4.37% and a return on equity of 12.95%. The company's revenue for the quarter was down 5.8% on a year-over-year basis. During the same period in the previous year, the firm posted $0.08 EPS. Equities research analysts predict that SunCoke Energy, Inc. will post 1.14 earnings per share for the current year.

SunCoke Energy Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 2nd. Stockholders of record on Thursday, November 14th will be issued a $0.12 dividend. This represents a $0.48 annualized dividend and a dividend yield of 3.85%. The ex-dividend date is Thursday, November 14th. 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.