State Street Corp. Amends SunCoke Energy Stake Filing
Ticker: SXC · Form: SC 13G/A · Filed: Jan 25, 2024
Sentiment: neutral
Topics: institutional-ownership, amendment, beneficial-ownership
TL;DR
**State Street still owns SunCoke stock, signaling institutional confidence.**
AI Summary
State Street Corporation, a major financial institution, filed an amended SC 13G/A on January 25, 2024, disclosing its ownership of SunCoke Energy, Inc. common stock as of December 31, 2023. This filing indicates that State Street continues to hold a significant, though not necessarily controlling, stake in SunCoke Energy. For investors, this matters because large institutional holdings like State Street's can signal confidence in the company's long-term prospects and provide a degree of stability to the stock, as institutional investors tend to be less reactive to short-term market fluctuations.
Why It Matters
This filing confirms State Street Corporation's continued institutional investment in SunCoke Energy, which can be a positive signal for other investors regarding the company's stability and perceived value.
Risk Assessment
Risk Level: low — This is a routine amendment filing by a large institutional investor, indicating no immediate new risks or significant changes in ownership that would destabilize the stock.
Analyst Insight
An investor should note that a major institution like State Street continues to hold SunCoke Energy stock, which might suggest underlying stability, but this filing alone doesn't provide details on the size or change in their stake, so further investigation into the full 13G/A form would be needed for a complete picture.
Key Players & Entities
- State Street Corporation (company) — the reporting person filing the SC 13G/A
- SunCoke Energy, Inc. (company) — the issuer of the common stock
- December 31, 2023 (date) — the date of the event requiring the filing
- January 25, 2024 (date) — the filing date of the SC 13G/A
FAQ
What type of filing is this document?
This document is an SC 13G/A, which is an amendment to a Schedule 13G filing, indicating a change or update to previously reported beneficial ownership of securities.
Who is the reporting person in this filing?
The reporting person is State Street Corporation, identified by IRS Identification No. 04-2456637.
What is the subject company (issuer) of the securities mentioned in this filing?
The subject company, or issuer, is SunCoke Energy, Inc., with CIK 0001514705.
What is the CUSIP number for the class of securities reported?
The CUSIP number for the common stock of SunCoke Energy, Inc. is 86722A103.
What was the date of the event that required this filing?
The date of the event which required the filing of this statement was December 31, 2023.
Filing Details
This Form SC 13G/A (Form SC 13G/A) was filed with the SEC on January 25, 2024 regarding SunCoke Energy, Inc. (SXC).