Connor Clark & Lunn Investment Management Ltd. Lowers Position in SunCoke Energy, Inc. $SXC

Connor Clark & Lunn Investment Management Ltd. decreased its stake in shares of SunCoke Energy, Inc. (NYSE:SXC) by 53.5% in the second quarter, Holdings Channel.com reports. The fund owned 106,028 shares of the energy company’s stock after selling 121,797 shares during the period. Connor Clark & Lunn Investment Management Ltd.’s holdings in SunCoke Energy were worth $911,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently bought and sold shares of the stock. Wealth Enhancement Advisory Services LLC boosted its holdings in shares of SunCoke Energy by 138.6% during the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 27,556 shares of the energy company’s stock valued at $240,000 after purchasing an additional 16,008 shares during the last quarter. Voya Investment Management LLC increased its holdings in shares of SunCoke Energy by 47.7% in the first quarter. Voya Investment Management LLC now owns 166,454 shares of the energy company’s stock worth $1,531,000 after purchasing an additional 53,745 shares during the last quarter. Victory Capital Management Inc. lifted its position in shares of SunCoke Energy by 79.0% in the first quarter. Victory Capital Management Inc. now owns 190,784 shares of the energy company’s stock worth $1,755,000 after buying an additional 84,178 shares in the last quarter. Y Intercept Hong Kong Ltd boosted its stake in SunCoke Energy by 15.3% during the first quarter. Y Intercept Hong Kong Ltd now owns 30,822 shares of the energy company’s stock valued at $284,000 after buying an additional 4,092 shares during the last quarter. Finally, Jump Financial LLC bought a new position in SunCoke Energy during the first quarter valued at approximately $1,256,000. 90.45% of the stock is currently owned by institutional investors.

SunCoke Energy Price Performance

NYSE:SXC opened at $6.39 on Wednesday. The firm has a market capitalization of $540.59 million, a price-to-earnings ratio of 7.42 and a beta of 1.08. The company has a debt-to-equity ratio of 0.70, a current ratio of 2.61 and a quick ratio of 1.45. The business has a 50 day simple moving average of $7.82 and a 200-day simple moving average of $8.05. SunCoke Energy, Inc. has a 1 year low of $6.25 and a 1 year high of $12.82.

SunCoke Energy (NYSE:SXC) last released its quarterly earnings results on Tuesday, November 4th. The energy company reported $0.26 earnings per share for the quarter, beating the consensus estimate of $0.14 by $0.12. The company had revenue of $487.00 million for the quarter, compared to analyst estimates of $349.30 million. SunCoke Energy had a return on equity of 10.43% and a net margin of 3.99%.SunCoke Energy’s quarterly revenue was down .6% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.36 EPS. Equities analysts forecast that SunCoke Energy, Inc. will post 0.71 EPS for the current year.

SunCoke Energy Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, December 1st. Stockholders of record on Monday, November 17th will be issued a $0.12 dividend. This represents a $0.48 annualized dividend and a dividend yield of 7.5%. The ex-dividend date is Monday, November 17th. SunCoke Energy’s dividend payout ratio (DPR) is 63.16%.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on SXC. Weiss Ratings reaffirmed a “hold (c)” rating on shares of SunCoke Energy in a research note on Wednesday, October 8th. B. Riley reduced their price target on shares of SunCoke Energy from $11.00 to $10.00 and set a “neutral” rating on the stock in a research report on Wednesday, November 12th. Two analysts have rated the stock with a Hold rating, According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $10.00.

Insider Activity at SunCoke Energy

In other news, Director Ratta Ralph M. Della, Jr. purchased 7,288 shares of the company’s stock in a transaction that occurred on Thursday, November 6th. The stock was purchased at an average cost of $6.86 per share, with a total value of $49,995.68. Following the purchase, the director owned 86,293 shares in the company, valued at approximately $591,969.98. This trade represents a 9.22% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 1.49% of the company’s stock.

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.