The stock of SunCoke Energy Inc (NYSE:SXC) is a huge mover today! About 590,210 shares traded hands. SunCoke Energy Inc (NYSE:SXC) has risen 50.52% since April 20, 2016 and is uptrending. It has outperformed by 45.96% the S&P500.
The move comes after 7 months positive chart setup for the $782.80M company. It was reported on Nov, 22 by Barchart.com. We have $12.55 PT which if reached, will make NYSE:SXC worth $23.48M more.
SunCoke Energy Inc (NYSE:SXC) Ratings Coverage
Out of 4 analysts covering SunCoke Energy (NYSE:SXC), 2 rate it a “Buy”, 2 “Sell”, while 0 “Hold”. This means 50% are positive. SunCoke Energy has been the topic of 6 analyst reports since July 22, 2015 according to StockzIntelligence Inc. The stock has “Sell” rating given by TheStreet on Friday, October 16. The rating was maintained by FBR Capital with “Outperform” on Friday, October 21. The company was initiated on Friday, September 18 by FBR Capital. The firm has “Underperform” rating by Bank of America given on Wednesday, December 9.
According to Zacks Investment Research, “SunCoke Energy, Inc is a producer of metallurgical coke in the Americas. The Company acquires, owns, and operates the coke making and coal mining operations. Its coke making facilities are in the United States and Brazil.”
Insitutional Activity: The institutional sentiment decreased to 1.18 in Q2 2016. Its down 0.46, from 1.64 in 2016Q1. The ratio turned negative, as 15 funds sold all SunCoke Energy Inc shares owned while 35 reduced positions. 31 funds bought stakes while 51 increased positions. They now own 53.43 million shares or 0.74% more from 53.04 million shares in 2016Q1.
Brown Brothers Harriman &, a New York-based fund reported 5,775 shares. Laurion Mgmt L P holds 0% or 12,200 shares in its portfolio. The Belgium-based Kbc Group Inc Nv has invested 0% in SunCoke Energy Inc (NYSE:SXC). Nationwide Fund Advsr accumulated 0.01% or 218,904 shares. Piershale Group holds 106 shares or 0% of its portfolio. Gradient Investments Ltd Company owns 424 shares or 0% of their US portfolio. Commercial Bank Of America De has 58,278 shares for 0% of their US portfolio. Clarivest Asset Management Ltd Liability last reported 0.04% of its portfolio in the stock. Kanaly Tru has 405 shares for 0% of their US portfolio. Moreover, Quantitative Systematic Strategies Ltd Limited Liability Company has 0.06% invested in SunCoke Energy Inc (NYSE:SXC) for 24,248 shares. Smith Asset Mngmt Group L P has 15,730 shares for 0% of their US portfolio. State Street Corporation, a Massachusetts-based fund reported 1.41 million shares. Zacks Management holds 0.03% or 157,969 shares in its portfolio. Walleye Trading Ltd last reported 0% of its portfolio in the stock. Texas Permanent School Fund last reported 49,058 shares in the company.
Insider Transactions: Since July 28, 2016, the stock had 2 insider buys, and 0 sales for $3.58 million net activity. Shares for $2.03M were bought by Mangrove Partners Master Fund – Ltd. on Thursday, July 28.
Another recent and important SunCoke Energy Inc (NYSE:SXC) news was published by Moodys.com which published an article titled: “Moody’s changes SunCoke Energy’s outlook to positive” on November 02, 2016.
SXC Company Profile
SunCoke Energy, Inc., incorporated on December 8, 2010, is an independent producer of coke in the Americas, which is a principal raw material in the blast furnace steelmaking process. The Firm also provides coal handling and/or mixing services at its Coal Logistics terminals. The Company’s divisions include Domestic Coke, Brazil Coke, India Coke, Coal Logistics, and Corporate and Other. The Firm owns and operates over five cokemaking facilities in the eastern and midwestern regions of the United States. The Firm controls approximately 110 million tons of coal mining reserves in Virginia and West Virginia.
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