KBC Group NV decreased its position in AdvanSix Inc (NYSE:ASIX) by 7.4% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 72,134 shares of the company’s stock after selling 5,737 shares during the period. KBC Group NV owned approximately 0.24% of AdvanSix worth $2,868,000 at the end of the most recent quarter.
Several other hedge funds have also recently made changes to their positions in ASIX. SG Americas Securities LLC acquired a new position in AdvanSix in the 2nd quarter worth $100,000. Pacad Investment Ltd. boosted its stake in AdvanSix by 16.7% in the 2nd quarter. Pacad Investment Ltd. now owns 3,500 shares of the company’s stock worth $109,000 after purchasing an additional 500 shares during the period. Macquarie Group Ltd. acquired a new position in AdvanSix in the 3rd quarter worth $123,000. Pinebridge Investments L.P. boosted 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 worth $141,000 after purchasing an additional 539 shares during the period. Finally, Quantbot Technologies LP boosted its stake in AdvanSix by 772.8% in the 2nd quarter. Quantbot Technologies LP now owns 4,783 shares of the company’s stock worth $149,000 after purchasing an additional 4,235 shares during the period. 71.35% of the stock is owned by institutional investors.
Shares of AdvanSix Inc (NYSE:ASIX) opened at $40.21 on Friday. The company has a debt-to-equity ratio of 0.84, a quick ratio of 0.93 and a current ratio of 1.39. AdvanSix Inc has a 52-week low of $19.62 and a 52-week high of $46.51. The company has a market cap of $1,225.72, a PE ratio of 24.08 and a beta of 2.84.
In other AdvanSix news, Director Michael Marberry purchased 539 shares of the business’s stock in a transaction on Wednesday, November 1st. The shares were purchased at an average cost of $46.41 per share, with a total value of $25,014.99. Following the transaction, the director now directly owns 16,420 shares of the company’s stock, valued at approximately $762,052.20. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders have acquired a total of 1,741 shares of company stock worth $74,944 over the last three months. Insiders own 2.70% of the company’s stock.
A number of equities analysts recently weighed in on ASIX shares. BidaskClub raised shares of AdvanSix from a “hold” rating to a “buy” rating in a research note on Friday, September 15th. ValuEngine lowered shares of AdvanSix from a “buy” rating to a “hold” rating in a research note on Friday, December 1st. Zacks Investment Research cut shares of AdvanSix from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, November 28th. Finally, Cowen boosted their price target on shares of AdvanSix from $37.00 to $40.00 and gave the stock an “outperform” rating in a research report on Wednesday, September 6th.
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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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