AdvanSix $ASIX Holdings Decreased by SG Americas Securities LLC

SG Americas Securities LLC trimmed its holdings in shares of AdvanSix (NYSE:ASIX) by 38.0% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 42,016 shares of the company’s stock after selling 25,796 shares during the period. SG Americas Securities LLC owned approximately 0.16% of AdvanSix worth $1,025,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently bought and sold shares of ASIX. Raymond James Financial Inc. purchased a new position in AdvanSix during the 2nd quarter valued at about $29,000. Osaic Holdings Inc. increased its holdings in shares of AdvanSix by 60.2% in the 2nd quarter. Osaic Holdings Inc. now owns 1,285 shares of the company’s stock valued at $31,000 after purchasing an additional 483 shares during the period. Hantz Financial Services Inc. lifted its position in shares of AdvanSix by 90.0% in the fourth quarter. Hantz Financial Services Inc. now owns 2,358 shares of the company’s stock worth $41,000 after purchasing an additional 1,117 shares in the last quarter. CIBC Private Wealth Group LLC lifted its position in shares of AdvanSix by 27,537.5% in the third quarter. CIBC Private Wealth Group LLC now owns 2,211 shares of the company’s stock worth $43,000 after purchasing an additional 2,203 shares in the last quarter. Finally, Tower Research Capital LLC TRC boosted its holdings in shares of AdvanSix by 144.1% during the second quarter. Tower Research Capital LLC TRC now owns 2,385 shares of the company’s stock worth $57,000 after purchasing an additional 1,408 shares during the period. 86.39% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on ASIX. Wall Street Zen lowered shares of AdvanSix from a “buy” rating to a “hold” rating in a research note on Saturday, May 9th. Zacks Research raised shares of AdvanSix to a “hold” rating in a research note on Tuesday, May 12th. Weiss Ratings lowered shares of AdvanSix from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Wednesday, May 13th. Finally, Loop Capital set a $25.00 price target on shares of AdvanSix in a report on Thursday, March 12th. Two equities research analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, AdvanSix presently has a consensus rating of “Reduce” and an average price target of $22.50.

AdvanSix Stock Down 0.1%

ASIX opened at $20.26 on Friday. The company has a market capitalization of $546.24 million, a PE ratio of 54.76 and a beta of 1.30. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.23 and a quick ratio of 0.68. AdvanSix has a fifty-two week low of $14.10 and a fifty-two week high of $26.73. The business has a 50-day moving average of $21.84 and a 200-day moving average of $20.25.

AdvanSix (NYSE:ASIX) last announced its quarterly earnings results on Friday, May 8th. The company reported ($0.50) EPS for the quarter, missing the consensus estimate of ($0.48) by ($0.02). AdvanSix had a net margin of 0.67% and a return on equity of 2.18%. The firm had revenue of $404.18 million during the quarter, compared to the consensus estimate of $364.90 million. Equities research analysts forecast that AdvanSix will post 0.85 EPS for the current fiscal year.

AdvanSix Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 2nd. Shareholders of record on Tuesday, May 19th were paid a $0.16 dividend. The ex-dividend date was Tuesday, May 19th. This represents a $0.64 dividend on an annualized basis and a yield of 3.2%. AdvanSix’s payout ratio is 172.97%.

AdvanSix Profile

AdvanSix, Inc (NYSE: ASIX) is an integrated chemical manufacturer specializing in the production of nylon 6 intermediates and related co‐products. Established as a publicly traded spin‐off from Honeywell Specialty Chemicals in June 2016, the company is headquartered in Parsippany, New Jersey.

The company’s principal product is caprolactam, the key building block for nylon 6 resin, used in fibers and engineering plastics across industries. In addition to caprolactam and nylon 6 resin, AdvanSix produces ammonium sulfate fertilizer and industrial chemicals such as phenol and acetone.