Weiss Asset Management LP Buys Shares of 221,838 SunCoke Energy, Inc. (NYSE:SXC)

Weiss Asset Management LP purchased a new stake in SunCoke Energy, Inc. (NYSE:SXC - Free Report) in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm purchased 221,838 shares of the energy company's stock, valued at approximately $1,926,000. Weiss Asset Management LP owned about 0.26% of SunCoke Energy at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. nVerses Capital LLC increased its holdings in shares of SunCoke Energy by 488.9% during the 3rd 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 bought a new stake in shares of SunCoke Energy in the second quarter valued at approximately $70,000. Optas LLC acquired a new stake in shares of SunCoke Energy during the 3rd quarter worth $88,000. Algert Global LLC acquired a new stake in SunCoke Energy during the second quarter worth about $107,000. Finally, Retirement Investment Advisors Inc. bought a new position in SunCoke Energy in the second quarter valued at approximately $110,000. Institutional investors own 90.45% of the company's stock.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on the company. StockNews.com upgraded SunCoke Energy from a "hold" rating to a "buy" rating in a research report on Wednesday, October 16th. Benchmark reaffirmed a "buy" rating and set a $13.00 price target on shares of SunCoke Energy in a report on Tuesday, November 5th.

SunCoke Energy Price Performance

Shares of SXC traded down $0.27 during trading hours on Friday, reaching $12.19. The stock had a trading volume of 606,283 shares, compared to its average volume of 727,797. 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, Inc. has a 12 month low of $7.47 and a 12 month high of $12.82. The stock has a market capitalization of $1.03 billion, a PE ratio of 12.19 and a beta of 1.07. The company's 50-day moving average is $10.52 and its two-hundred day moving average is $9.84.

SunCoke Energy (NYSE:SXC - Get Free Report) last posted its earnings results on Thursday, October 31st. The energy company reported $0.36 EPS for the quarter, beating 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 firm had revenue of $490.10 million during the quarter, compared to the consensus estimate of $412.70 million. During the same period last year, the company earned $0.08 earnings per share. The business's quarterly revenue was down 5.8% on a year-over-year basis. Research analysts expect that SunCoke Energy, Inc. will post 1.14 EPS for the current year.

SunCoke Energy Announces Dividend

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

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.