New York State Common Retirement Fund reduced its stake in shares of AdvanSix Inc (NYSE:ASIX) by 7.2% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 33,000 shares of the company’s stock after selling 2,552 shares during the period. New York State Common Retirement Fund owned approximately 0.11% of AdvanSix worth $1,148,000 at the end of the most recent quarter.
Several other large investors also recently bought and sold shares of ASIX. Envestnet Asset Management Inc. raised its holdings in shares of AdvanSix by 607.4% during the first quarter. Envestnet Asset Management Inc. now owns 4,230 shares of the company’s stock worth $147,000 after purchasing an additional 3,632 shares during the last quarter. Victory Capital Management Inc. raised its holdings in shares of AdvanSix by 97,980.0% during the first quarter. Victory Capital Management Inc. now owns 4,904 shares of the company’s stock worth $171,000 after purchasing an additional 4,899 shares during the last quarter. SG Americas Securities LLC purchased a new position in shares of AdvanSix during the first quarter worth $173,000. Virtu Financial LLC purchased a new position in shares of AdvanSix during the fourth quarter worth $219,000. Finally, AMP Capital Investors Ltd purchased a new position in shares of AdvanSix during the fourth quarter worth $244,000. Institutional investors and hedge funds own 76.07% of the company’s stock.
In other news, Director Michael Marberry acquired 1,398 shares of the business’s stock in a transaction on Monday, May 7th. The stock was bought at an average price of $35.74 per share, with a total value of $49,964.52. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Insiders acquired 3,435 shares of company stock valued at $124,912 in the last ninety days. 0.22% of the stock is owned by corporate insiders.
Shares of AdvanSix stock opened at $36.63 on Friday. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.17 and a quick ratio of 0.72. AdvanSix Inc has a 1 year low of $29.55 and a 1 year high of $46.51. The firm has a market cap of $1.12 billion, a P/E ratio of 14.26 and a beta of 1.38.
AdvanSix (NYSE:ASIX) last issued its earnings results on Friday, May 4th. The company reported $0.37 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.26 by $0.11. AdvanSix had a net margin of 8.99% and a return on equity of 24.00%. The firm had revenue of $359.20 million during the quarter, compared to analysts’ expectations of $368.45 million. The business’s revenue for the quarter was down 4.6% on a year-over-year basis. equities analysts anticipate that AdvanSix Inc will post 3.24 earnings per share for the current fiscal year.
Several research analysts recently issued reports on ASIX shares. Zacks Investment Research raised shares of AdvanSix from a “sell” rating to a “hold” rating in a report on Friday, March 16th. Cowen reduced their target price on shares of AdvanSix from $47.00 to $41.00 and set an “outperform” rating for the company in a report on Thursday, April 12th. Finally, ValuEngine cut shares of AdvanSix from a “buy” rating to a “hold” rating in a report on Friday, June 1st.
AdvanSix Inc manufactures and sells polymer resins in the United States. It offers Nylon 6, a polymer resin, which is a synthetic material used to produce engineered plastics, fibers, filaments, and films. The company also provides caprolactam, ammonium sulfate fertilizers, and acetone, as well as other intermediate chemicals, including phenol, alpha-methylstyrene, cyclohexanone, methyl ethyl ketoxime, cyclohexanol, acetaldehyde oxime, 2-pentanone oxime, sulfuric acid, ammonia, and carbon dioxide.
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