Ritholtz Wealth Management Has $511,000 Position in SunCoke Energy, Inc. (NYSE:SXC)

Ritholtz Wealth Management increased its stake in shares of SunCoke Energy, Inc. (NYSE:SXC) by 72.7% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 47,603 shares of the energy company’s stock after purchasing an additional 20,032 shares during the quarter. Ritholtz Wealth Management owned approximately 0.06% of SunCoke Energy worth $511,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Millburn Ridgefield Corp bought a new stake in SunCoke Energy during the 3rd quarter worth approximately $30,000. Catalyst Capital Advisors LLC bought a new stake in shares of SunCoke Energy in the 3rd quarter valued at $30,000. Tower Research Capital LLC TRC raised its stake in SunCoke Energy by 574.8% during the 1st quarter. Tower Research Capital LLC TRC now owns 3,354 shares of the energy company’s stock worth $30,000 after buying an additional 2,857 shares during the period. Quarry LP raised its stake in SunCoke Energy by 1,615.6% during the 1st quarter. Quarry LP now owns 3,517 shares of the energy company’s stock worth $32,000 after buying an additional 3,312 shares during the period. Finally, Captrust Financial Advisors boosted its holdings in SunCoke Energy by 142.9% in the first quarter. Captrust Financial Advisors now owns 4,958 shares of the energy company’s stock worth $44,000 after acquiring an additional 2,917 shares in the last quarter. Institutional investors own 90.45% of the company’s stock.

Analysts Set New Price Targets

Separately, StockNews.com upgraded SunCoke Energy from a “buy” rating to a “strong-buy” rating in a research note on Monday, February 5th.

Insider Activity

In related news, CEO Michael G. Rippey sold 122,533 shares of SunCoke Energy stock in a transaction on Monday, March 11th. The shares were sold at an average price of $11.11, for a total value of $1,361,341.63. Following the transaction, the chief executive officer now owns 521,073 shares in the company, valued at approximately $5,789,121.03. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In other news, CEO Michael G. Rippey sold 48,618 shares of the business’s stock in a transaction dated Monday, March 4th. The stock was sold at an average price of $10.93, for a total value of $531,394.74. Following the completion of the sale, the chief executive officer now owns 763,409 shares of the company’s stock, valued at approximately $8,344,060.37. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CEO Michael G. Rippey sold 122,533 shares of the stock in a transaction dated Monday, March 11th. The shares were sold at an average price of $11.11, for a total value of $1,361,341.63. Following the sale, the chief executive officer now owns 521,073 shares of the company’s stock, valued at $5,789,121.03. The disclosure for this sale can be found here. In the last three months, insiders have sold 251,572 shares of company stock worth $2,781,834. 1.73% of the stock is currently owned by insiders.

SunCoke Energy Stock Performance

Shares of SunCoke Energy stock opened at $11.27 on Monday. The company has a current ratio of 1.86, a quick ratio of 1.05 and a debt-to-equity ratio of 0.76. The firm has a market capitalization of $947.47 million, a P/E ratio of 16.82 and a beta of 1.16. The business’s fifty day simple moving average is $10.87 and its 200 day simple moving average is $10.15. SunCoke Energy, Inc. has a 12 month low of $6.71 and a 12 month high of $11.48.

SunCoke Energy (NYSE:SXC) last announced its quarterly earnings data on Thursday, February 1st. The energy company reported $0.16 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.13 by $0.03. SunCoke Energy had a return on equity of 8.99% and a net margin of 2.79%. The business had revenue of $520.60 million for the quarter, compared to analysts’ expectations of $406.40 million. During the same period in the previous year, the business posted $0.14 EPS. The firm’s quarterly revenue was up 1.3% compared to the same quarter last year. As a group, analysts anticipate that SunCoke Energy, Inc. will post 0.86 EPS for the current year.

SunCoke Energy Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, March 1st. Shareholders of record on Thursday, February 15th were issued a $0.10 dividend. The ex-dividend date was Wednesday, February 14th. This represents a $0.40 annualized dividend and a dividend yield of 3.55%. SunCoke Energy’s payout ratio is currently 59.70%.

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.