Short Interest in SunCoke Energy, Inc. (NYSE:SXC) Decreases By 52.1%

by · The Cerbat Gem

SunCoke Energy, Inc. (NYSE:SXC – Get Free Report) was the recipient of a significant decline in short interest in the month of September. As of September 30th, there was short interest totalling 2,680,000 shares, a decline of 52.1% from the September 15th total of 5,590,000 shares. Based on an average daily volume of 1,100,000 shares, the days-to-cover ratio is presently 2.4 days.

Institutional Trading of SunCoke Energy

Several hedge funds have recently modified their holdings of SXC. ProShare Advisors LLC grew its position in shares of SunCoke Energy by 7.4% in the first quarter. ProShare Advisors LLC now owns 16,856 shares of the energy company’s stock valued at $190,000 after purchasing an additional 1,158 shares during the period. SummerHaven Investment Management LLC increased its holdings in SunCoke Energy by 1.6% in the second quarter. SummerHaven Investment Management LLC now owns 92,532 shares of the energy company’s stock valued at $907,000 after buying an additional 1,464 shares during the last quarter. Federated Hermes Inc. increased its holdings in SunCoke Energy by 0.3% in the second quarter. Federated Hermes Inc. now owns 820,731 shares of the energy company’s stock valued at $8,043,000 after buying an additional 2,335 shares during the last quarter. Public Employees Retirement System of Ohio grew its holdings in shares of SunCoke Energy by 2.6% during the first quarter. Public Employees Retirement System of Ohio now owns 99,682 shares of the energy company’s stock valued at $1,123,000 after purchasing an additional 2,539 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD grew its holdings in shares of SunCoke Energy by 6.0% during the first quarter. Price T Rowe Associates Inc. MD now owns 62,728 shares of the energy company’s stock valued at $707,000 after purchasing an additional 3,570 shares during the last quarter. 90.45% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Separately, StockNews.com upgraded SunCoke Energy from a “hold” rating to a “buy” rating in a research report on Saturday, October 5th.

Check Out Our Latest Stock Analysis on SunCoke Energy

SunCoke Energy Trading Up 1.6 %

SXC traded up $0.14 during mid-day trading on Friday, hitting $8.67. 371,734 shares of the stock were exchanged, compared to its average volume of 848,808. The firm’s fifty day moving average is $8.51 and its two-hundred day moving average is $9.75. SunCoke Energy has a 1-year low of $7.47 and a 1-year high of $11.85. The company has a current ratio of 2.22, a quick ratio of 1.19 and a debt-to-equity ratio of 0.74. The company has a market cap of $729.06 million, a PE ratio of 12.04 and a beta of 1.04.

SunCoke Energy (NYSE:SXC – Get Free Report) last issued its quarterly earnings results on Wednesday, July 31st. The energy company reported $0.25 earnings per share for the quarter, topping the consensus estimate of $0.22 by $0.03. SunCoke Energy had a return on equity of 9.56% and a net margin of 3.11%. The company had revenue of $470.90 million for the quarter, compared to the consensus estimate of $410.35 million. During the same quarter in the prior year, the business earned $0.24 EPS. SunCoke Energy’s revenue was down 11.9% on a year-over-year basis. Equities analysts forecast that SunCoke Energy will post 0.94 earnings per share for the current fiscal year.

SunCoke Energy Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 3rd. Shareholders of record on Thursday, August 15th were given a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a yield of 5.54%. This is a boost from SunCoke Energy’s previous quarterly dividend of $0.10. The ex-dividend date was Thursday, August 15th. SunCoke Energy’s dividend payout ratio (DPR) is presently 66.67%.

SunCoke Energy Company Profile

(Get Free Report)

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.

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