Adams Asset Advisors Lowers stake in SunCoke Energy Partners LP (SXCP)

SunCoke Energy Partners LP (SXCP) : Adams Asset Advisors reduced its stake in SunCoke Energy Partners LP by 0.09% during the most recent quarter end. The investment management company now holds a total of 497,050 shares of SunCoke Energy Partners LP which is valued at $7,505,455 after selling 430 shares in SunCoke Energy Partners LP , the firm said in a disclosure report filed with the SEC on Oct 13, 2016.SunCoke Energy Partners LP makes up approximately 1.04% of Adams Asset Advisors’s portfolio.

Other Hedge Funds, Including , Creative Planning added SXCP to its portfolio by purchasing 550 company shares during the most recent quarter which is valued at $8,316.Cutler Group Lp boosted its stake in SXCP in the latest quarter, The investment management firm added 15,241 additional shares and now holds a total of 17,341 shares of SunCoke Energy Partners LP which is valued at $264,450. SunCoke Energy Partners LP makes up approx 0.02% of Cutler Group Lp’s portfolio. Simplex Trading added SXCP to its portfolio by purchasing 9,536 company shares during the most recent quarter which is valued at $143,421. SunCoke Energy Partners LP makes up approx 0.02% of Simplex Trading’s portfolio.

SunCoke Energy Partners LP closed down -0.13 points or -0.85% at $15.12 with 2,21,958 shares getting traded on Tuesday. Post opening the session at $15.23, the shares hit an intraday low of $15 and an intraday high of $15.35 and the price fluctuated in this range throughout the day.Shares ended Tuesday session in Red.

On the company’s financial health, SunCoke Energy Partners LP reported $0.23 EPS for the quarter, missing the analyst consensus estimate by $ -0.21 based on the information available during the earnings call on Jul 28, 2016. Analyst had a consensus of $0.44. The company had revenue of $181.40 million for the quarter, compared to analysts expectations of $198.90 million. The company’s revenue was down -12.6 % compared to the same quarter last year.

SunCoke Energy Partners LP is engaged in manufacturing coke used in the blast furnace production of steel. The Company operates its business through two segments: Domestic Coke and Coal Logistics. The Company’s coke making ovens utilize heat recovery technology designed to combust the coal’s volatile components liberated during the coke making process and uses the resulting heat to create steam or electricity for sale. The Company is also engaged in coal handling and blending services through the Company’s interests in Lakeshore Coal Handling Corporation (Lake Terminal) located in East Chicago Indiana which provides coal handling and blending services to its Indiana Harbor coke making operations and Kanawha River Terminals. Kanawha River Terminals is a metallurgical and thermal coal blending and handling terminal service provider with collective capacity to blend and transload approximately 30 million tons of coal annually through its operations in West Virginia and Kentucky.

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