Boothbay Fund Management LLC Purchases 6,955 Shares of SunCoke Energy, Inc. (NYSE:SXC)

Posted by on Mar 7th, 2023

Boothbay Fund Management LLC raised its position in SunCoke Energy, Inc. (NYSE:SXC – Get Rating) by 55.7% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 19,444 shares of the energy company’s stock after buying an additional 6,955 shares during the quarter. Boothbay Fund Management LLC’s holdings in SunCoke Energy were worth $113,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Captrust Financial Advisors increased its holdings in SunCoke Energy by 142.9% in the 1st quarter. Captrust Financial Advisors now owns 4,958 shares of the energy company’s stock valued at $44,000 after buying an additional 2,917 shares during the period. Tower Research Capital LLC TRC boosted its stake in shares of SunCoke Energy by 179.8% in the 3rd quarter. Tower Research Capital LLC TRC now owns 8,574 shares of the energy company’s stock valued at $50,000 after purchasing an additional 5,510 shares in the last quarter. Gladius Capital Management LP acquired a new stake in shares of SunCoke Energy in the 2nd quarter valued at approximately $67,000. Verition Fund Management LLC acquired a new stake in shares of SunCoke Energy in the 2nd quarter valued at approximately $79,000. Finally, Mutual of America Capital Management LLC boosted its stake in shares of SunCoke Energy by 17.0% in the 2nd quarter. Mutual of America Capital Management LLC now owns 14,005 shares of the energy company’s stock valued at $95,000 after purchasing an additional 2,032 shares in the last quarter. 88.79% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

SXC has been the topic of a number of research analyst reports. Benchmark restated a “buy” rating and issued a $10.00 price target on shares of SunCoke Energy in a research note on Friday, February 3rd. B. Riley raised their price target on shares of SunCoke Energy from $11.00 to $12.00 and gave the company a “buy” rating in a research note on Monday, February 6th.

Insider Buying and Selling

In related news, SVP Phillip Michael Hardesty sold 13,778 shares of SunCoke Energy stock in a transaction that occurred on Thursday, March 2nd. The shares were sold at an average price of $9.97, for a total transaction of $137,366.66. Following the sale, the senior vice president now directly owns 206,050 shares in the company, valued at approximately $2,054,318.50. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 1.26% of the stock is owned by corporate insiders.

SunCoke Energy Stock Down 4.7 %

NYSE:SXC opened at $9.83 on Tuesday. The firm’s 50 day simple moving average is $9.20 and its 200 day simple moving average is $7.96. The company has a debt-to-equity ratio of 0.85, a current ratio of 1.67 and a quick ratio of 0.89. SunCoke Energy, Inc. has a one year low of $5.72 and a one year high of $10.43. The company has a market cap of $819.92 million, a PE ratio of 8.26 and a beta of 1.25.

SunCoke Energy Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, March 1st. Investors of record on Thursday, February 16th were given a dividend of $0.08 per share. The ex-dividend date of this dividend was Wednesday, February 15th. This represents a $0.32 annualized dividend and a yield of 3.26%. SunCoke Energy’s dividend payout ratio is presently 26.89%.

About SunCoke Energy

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SunCoke Energy, Inc is engaged in the production of coke through heating metallurgical coal in a refractory oven. It operates through the following segments: Domestic Coke, Brazil Coke, and Logistics. The Domestic Coke segment consists of the Jewell facility located in Vansant, Virginia, the Indiana Harbor facility located in East Chicago, Indiana, the Haverhill facility located in Franklin Furnace, Ohio, the Granite City facility located in Granite City, Illinois and the Middletown facility located in Middletown, Ohio.

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Institutional Ownership by Quarter for SunCoke Energy (NYSE:SXC)

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