50,860 Shares in AdvanSix Inc (ASIX) Purchased by Algert Global LLC

Algert Global LLC bought a new position in shares of AdvanSix Inc (NYSE:ASIX) during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 50,860 shares of the company’s stock, valued at approximately $1,727,000. Algert Global LLC owned 0.17% of AdvanSix as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently modified their holdings of ASIX. Intrust Bank NA increased its holdings in AdvanSix by 27.6% during the second quarter. Intrust Bank NA now owns 7,714 shares of the company’s stock valued at $283,000 after buying an additional 1,667 shares during the period. KBC Group NV increased its holdings in AdvanSix by 3.4% during the second quarter. KBC Group NV now owns 56,747 shares of the company’s stock valued at $2,078,000 after buying an additional 1,849 shares during the period. Tower Research Capital LLC TRC increased its holdings in AdvanSix by 360.3% during the third quarter. Tower Research Capital LLC TRC now owns 3,038 shares of the company’s stock valued at $103,000 after buying an additional 2,378 shares during the period. Aperio Group LLC increased its holdings in AdvanSix by 3.2% during the second quarter. Aperio Group LLC now owns 91,954 shares of the company’s stock valued at $3,368,000 after buying an additional 2,860 shares during the period. Finally, Alps Advisors Inc. increased its holdings in AdvanSix by 28.5% during the third quarter. Alps Advisors Inc. now owns 13,990 shares of the company’s stock valued at $475,000 after buying an additional 3,106 shares during the period. 79.28% of the stock is currently owned by institutional investors and hedge funds.

Several equities 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 Thursday, August 30th. TheStreet upgraded shares of AdvanSix from a “c” rating to a “b-” rating in a research note on Tuesday, September 18th. ValuEngine downgraded shares of AdvanSix from a “hold” rating to a “sell” rating in a research note on Friday, September 28th. Finally, Cowen restated an “outperform” rating and issued a $35.00 target price (down from $40.00) on shares of AdvanSix in a research note on Friday, November 23rd.

In other news, Director Michael Marberry bought 1,434 shares of the stock in a transaction on Monday, September 10th. The stock was bought at an average cost of $34.94 per share, for a total transaction of $50,103.96. Following the completion of the purchase, the director now directly owns 29,116 shares in the company, valued at $1,017,313.04. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Over the last 90 days, insiders acquired 6,622 shares of company stock valued at $199,888. 0.22% of the stock is owned by insiders.

Shares of ASIX opened at $25.14 on Friday. The company has a market capitalization of $792.16 million, a price-to-earnings ratio of 8.38 and a beta of 1.68. AdvanSix Inc has a twelve month low of $22.84 and a twelve month high of $44.44. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.17 and a quick ratio of 0.70.

AdvanSix (NYSE:ASIX) last announced its earnings results on Friday, November 2nd. The company reported $0.18 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.27 by ($0.09). The firm had revenue of $368.65 million during the quarter, compared to analyst estimates of $376.45 million. AdvanSix had a net margin of 7.86% and a return on equity of 16.18%. AdvanSix’s revenue was up .5% on a year-over-year basis. During the same quarter last year, the business earned $0.68 earnings per share. On average, equities analysts predict that AdvanSix Inc will post 2.16 earnings per share for the current fiscal year.

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AdvanSix Profile

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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Institutional Ownership by Quarter for AdvanSix (NYSE:ASIX)

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