Laurion Capital Management LP reduced its stake in shares of AdvanSix Inc (NYSE:ASIX) by 45.3% in the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 19,306 shares of the company’s stock after selling 15,989 shares during the quarter. Laurion Capital Management LP’s holdings in AdvanSix were worth $707,000 as of its most recent filing with the Securities and Exchange Commission.
Other large investors also recently bought and sold shares of the company. Commonwealth of Pennsylvania Public School Empls Retrmt SYS acquired a new stake in shares of AdvanSix during the second quarter worth $236,000. AdvisorNet Financial Inc lifted its stake in shares of AdvanSix by 161.3% during the second quarter. AdvisorNet Financial Inc now owns 7,600 shares of the company’s stock worth $278,000 after buying an additional 4,692 shares during the period. Bowling Portfolio Management LLC acquired a new stake in shares of AdvanSix during the second quarter worth $1,678,000. Principal Financial Group Inc. lifted its stake in shares of AdvanSix by 1.8% during the first quarter. Principal Financial Group Inc. now owns 240,535 shares of the company’s stock worth $8,366,000 after buying an additional 4,240 shares during the period. Finally, Koch Industries Inc. lifted its stake in shares of AdvanSix by 13.9% during the first quarter. Koch Industries Inc. now owns 11,011 shares of the company’s stock worth $383,000 after buying an additional 1,346 shares during the period. Institutional investors and hedge funds own 77.39% of the company’s stock.
NYSE:ASIX opened at $34.35 on Monday. AdvanSix Inc has a 12 month low of $32.29 and a 12 month high of $46.51. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.31 and a quick ratio of 0.78. The firm has a market cap of $1.06 billion, a PE ratio of 11.45 and a beta of 1.06.
AdvanSix (NYSE:ASIX) last posted its quarterly earnings data on Friday, August 3rd. The company reported $0.91 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.87 by $0.04. AdvanSix had a net margin of 8.93% and a return on equity of 22.35%. The business had revenue of $400.46 million during the quarter, compared to the consensus estimate of $391.10 million. During the same period in the previous year, the firm posted $0.83 earnings per share. The business’s revenue for the quarter was up 10.8% compared to the same quarter last year. equities analysts predict that AdvanSix Inc will post 2.53 EPS for the current year.
In other AdvanSix news, Director Michael Marberry bought 1,437 shares of AdvanSix stock in a transaction that occurred on Tuesday, August 7th. The stock was purchased at an average price of $34.79 per share, with a total value of $49,993.23. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In the last three months, insiders have purchased 3,536 shares of company stock valued at $125,247. 0.22% of the stock is currently owned by corporate insiders.
ASIX has been the subject of several research reports. Zacks Investment Research upgraded shares of AdvanSix from a “sell” rating to a “hold” rating in a research note on Thursday, August 30th. ValuEngine downgraded shares of AdvanSix from a “buy” rating to a “hold” rating in a research note 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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