Dynamic Technology Lab Private Ltd purchased a new position in shares of AdvanSix Inc (NASDAQ:ASIX) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 21,163 shares of the company’s stock, valued at approximately $661,000. Dynamic Technology Lab Private Ltd owned approximately 0.07% of AdvanSix at the end of the most recent quarter.
Other large investors have also made changes to their positions in the company. SG Americas Securities LLC bought a new position in AdvanSix in the 2nd quarter valued at $100,000. Pacad Investment Ltd. grew its stake in AdvanSix by 16.7% in the 2nd quarter. Pacad Investment Ltd. now owns 3,500 shares of the company’s stock valued at $109,000 after purchasing an additional 500 shares during the period. Pinebridge Investments L.P. grew its stake in AdvanSix by 13.6% in the 2nd quarter. Pinebridge Investments L.P. now owns 4,509 shares of the company’s stock valued at $141,000 after purchasing an additional 539 shares during the period. Quantbot Technologies LP grew its stake in AdvanSix by 772.8% in the 2nd quarter. Quantbot Technologies LP now owns 4,783 shares of the company’s stock valued at $149,000 after purchasing an additional 4,235 shares during the period. Finally, Private Advisor Group LLC bought a new position in AdvanSix in the 2nd quarter valued at $227,000.
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Several research analysts have recently weighed in on the company. BidaskClub upgraded AdvanSix from a “buy” rating to a “strong-buy” rating in a research note on Saturday, September 23rd. Zacks Investment Research upgraded AdvanSix from a “hold” rating to a “strong-buy” rating and set a $39.00 price target for the company in a research note on Tuesday, September 12th. Finally, Cowen and Company increased their price objective on AdvanSix from $40.00 to $46.00 and gave the stock an “outperform” rating in a report on Friday, October 6th.
AdvanSix Inc (NASDAQ:ASIX) traded down 0.02% during mid-day trading on Friday, hitting $44.86. The company’s stock had a trading volume of 122,821 shares. AdvanSix Inc has a 52-week low of $14.65 and a 52-week high of $45.54. The stock has a market cap of $1.37 billion and a P/E ratio of 30.81. The company’s 50 day moving average is $40.86 and its 200-day moving average is $40.86.
AdvanSix (NASDAQ:ASIX) last announced its earnings results on Thursday, August 10th. The company reported $0.83 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.66 by $0.17. The firm had revenue of $361.44 million for the quarter. AdvanSix had a net margin of 7.13% and a return on equity of 40.03%. On average, equities analysts predict that AdvanSix Inc will post $2.92 EPS for the current fiscal year.
AdvanSix Inc is an integrated manufacturer of Nylon 6. The Company also sells a variety of other products, all of which are produced as part of the Nylon 6 resin manufacturing process primarily, including caprolactam, ammonium sulfate fertilizers and other chemical intermediates. The Company operates primarily through its integrated manufacturing sites located in Frankford, Pennsylvania, Hopewell, Virginia, and Chesterfield, Virginia.
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