James Investment Research Inc. increased its position in AdvanSix Inc (NYSE:ASIX) by 5.9% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 60,425 shares of the company’s stock after purchasing an additional 3,360 shares during the quarter. James Investment Research Inc. owned 0.20% of AdvanSix worth $2,051,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds have also recently made changes to their positions in the company. Itau Unibanco Holding S.A. bought a new position in AdvanSix during the 2nd quarter valued at $134,000. Meeder Asset Management Inc. boosted its stake in AdvanSix by 148.9% during the 2nd quarter. Meeder Asset Management Inc. now owns 4,142 shares of the company’s stock valued at $152,000 after acquiring an additional 2,478 shares during the last quarter. Dynamic Technology Lab Private Ltd bought a new position in AdvanSix during the 1st quarter valued at $202,000. Stevens Capital Management LP bought a new position in AdvanSix during the 2nd quarter valued at $204,000. Finally, Xact Kapitalforvaltning AB bought a new position in AdvanSix during the 2nd quarter valued at $210,000. Institutional investors and hedge funds own 77.20% of the company’s stock.
A number of research analysts have commented on ASIX shares. ValuEngine downgraded shares of AdvanSix from a “hold” rating to a “sell” rating in a research note on Friday, September 28th. Zacks Investment Research upgraded shares of AdvanSix from a “sell” rating to a “hold” rating in a research note on Thursday, August 30th. Finally, TheStreet upgraded shares of AdvanSix from a “c” rating to a “b-” rating in a research note on Tuesday, September 18th. One investment analyst has rated the stock with a sell rating, one has given a hold rating and two have issued a buy rating to the stock. The company has an average rating of “Hold” and an average price target of $41.50.
In other AdvanSix news, Director Michael Marberry bought 1,437 shares of the company’s stock in a transaction on Tuesday, August 7th. The shares were bought at an average cost of $34.79 per share, with a total value of $49,993.23. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders have acquired 4,348 shares of company stock worth $150,035 over the last three months. 0.22% of the stock is owned by corporate insiders.
NYSE ASIX opened at $25.31 on Friday. AdvanSix Inc has a 12 month low of $22.84 and a 12 month high of $45.89. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.78 and a current ratio of 1.31. The firm has a market cap of $841.38 million, a price-to-earnings ratio of 10.47 and a beta of 1.68.
AdvanSix (NYSE:ASIX) last posted its quarterly earnings data on Friday, November 2nd. The company reported $0.18 EPS for the quarter, missing the Zacks’ consensus estimate of $0.30 by ($0.12). AdvanSix had a net margin of 8.93% and a return on equity of 22.35%. The company had revenue of $368.65 million for the quarter, compared to the consensus estimate of $376.45 million. During the same quarter last year, the company earned $0.68 earnings per share. The company’s revenue was up .5% compared to the same quarter last year. On average, research analysts expect that AdvanSix Inc will post 2.53 EPS for the current fiscal year.
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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