Public Sector Pension investment Board Lowers Position in AdvanSix Inc (ASIX)

Public Sector Pension investment Board reduced its position in AdvanSix Inc (NASDAQ:ASIX) by 27.6% during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 15,700 shares of the company’s stock after selling 6,000 shares during the period. Public Sector Pension investment Board owned 0.05% of AdvanSix worth $490,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the stock. UBS Asset Management Americas Inc. raised its stake in AdvanSix by 5.8% in the 2nd quarter. UBS Asset Management Americas Inc. now owns 9,132 shares of the company’s stock valued at $285,000 after acquiring an additional 498 shares during the period. Pacad Investment Ltd. raised its stake in AdvanSix by 16.7% in the 2nd quarter. Pacad Investment Ltd. now owns 3,500 shares of the company’s stock valued at $109,000 after acquiring an additional 500 shares during the period. Pinebridge Investments L.P. raised its stake in AdvanSix by 13.6% in the 2nd quarter. Pinebridge Investments L.P. now owns 4,509 shares of the company’s stock valued at $141,000 after acquiring an additional 539 shares during the period. Symphony Asset Management LLC raised its stake in AdvanSix by 4.1% in the 2nd quarter. Symphony Asset Management LLC now owns 20,063 shares of the company’s stock valued at $627,000 after acquiring an additional 784 shares during the period. Finally, AGF Investments Inc. raised its stake in AdvanSix by 1.7% in the 2nd quarter. AGF Investments Inc. now owns 65,603 shares of the company’s stock valued at $2,050,000 after acquiring an additional 1,111 shares during the period.

A number of equities research analysts recently issued reports on ASIX shares. Cowen and Company boosted their price objective on AdvanSix from $37.00 to $40.00 and gave the company an “outperform” rating in a research note on Wednesday, September 6th. BidaskClub upgraded AdvanSix from a “hold” rating to a “buy” rating in a research note on Friday, September 15th. Finally, Zacks Investment Research upgraded AdvanSix from a “hold” rating to a “strong-buy” rating and set a $39.00 price objective on the stock in a research note on Tuesday, September 12th.

COPYRIGHT VIOLATION NOTICE: “Public Sector Pension investment Board Lowers Position in AdvanSix Inc (ASIX)” was originally published by The Ledger Gazette and is the property of of The Ledger Gazette. If you are viewing this news story on another site, it was illegally copied and republished in violation of US & international copyright and trademark laws. The original version of this news story can be viewed at https://ledgergazette.com/2017/10/10/public-sector-pension-investment-board-lowers-position-in-advansix-inc-asix.html.

Shares of AdvanSix Inc (NASDAQ ASIX) opened at 44.86 on Tuesday. The company has a market capitalization of $1.37 billion and a PE ratio of 30.81. The company has a 50-day moving average price of $38.92 and a 200-day moving average price of $38.92. AdvanSix Inc has a 52 week low of $14.22 and a 52 week high of $45.54.

AdvanSix (NASDAQ:ASIX) last posted its quarterly earnings data on Thursday, August 10th. The co

A number of other institutional investors have also recently made changes to their positions in the stock. UBS Asset Management Americas Inc. raised its stake in AdvanSix by 5.8% in the 2nd quarter. UBS Asset Management Americas Inc. now owns 9,132 shares of the company’s stock valued at $285,000 after acquiring an additional 498 shares during the period. Pacad Investment Ltd. raised its stake in AdvanSix by 16.7% in the 2nd quarter. Pacad Investment Ltd. now owns 3,500 shares of the company’s stock valued at $109,000 after acquiring an additional 500 shares during the period. Pinebridge Investments L.P. raised its stake in AdvanSix by 13.6% in the 2nd quarter. Pinebridge Investments L.P. now owns 4,509 shares of the company’s stock valued at $141,000 after acquiring an additional 539 shares during the period. Symphony Asset Management LLC raised its stake in AdvanSix by 4.1% in the 2nd quarter. Symphony Asset Management LLC now owns 20,063 shares of the company’s stock valued at $627,000 after acquiring an additional 784 shares during the period. Finally, AGF Investments Inc. raised its stake in AdvanSix by 1.7% in the 2nd quarter. AGF Investments Inc. now owns 65,603 shares of the company’s stock valued at $2,050,000 after acquiring an additional 1,111 shares during the period.

A number of equities research analysts recently issued reports on ASIX shares. Cowen and Company boosted their price objective on AdvanSix from $37.00 to $40.00 and gave the company an “outperform” rating in a research note on Wednesday, September 6th. BidaskClub upgraded AdvanSix from a “hold” rating to a “buy” rating in a research note on Friday, September 15th. Finally, Zacks Investment Research upgraded AdvanSix from a “hold” rating to a “strong-buy” rating and set a $39.00 price objective on the stock in a research note on Tuesday, September 12th.

COPYRIGHT VIOLATION NOTICE: “Public Sector Pension investment Board Lowers Position in AdvanSix Inc (ASIX)” was originally published by The Ledger Gazette and is the property of of The Ledger Gazette. If you are viewing this news story on another site, it was illegally copied and republished in violation of US & international copyright and trademark laws. The original version of this news story can be viewed at https://ledgergazette.com/2017/10/10/public-sector-pension-investment-board-lowers-position-in-advansix-inc-asix.html.

Shares of AdvanSix Inc (NASDAQ ASIX) opened at 44.86 on Tuesday. The company has a market capitalization of $1.37 billion and a PE ratio of 30.81. The company has a 50-day moving average price of $38.92 and a 200-day moving average price of $38.92. AdvanSix Inc has a 52 week low of $14.22 and a 52 week high of $45.54.

AdvanSix (NASDAQ:ASIX) last posted its quarterly earnings data on Thursday, August 10th. The company reported $0.83 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.66 by $0.17. AdvanSix had a return on equity of 40.03% and a net margin of 7.13%. The firm had revenue of $361.44 million for the quarter. Analysts predict that AdvanSix Inc will post $2.92 earnings per share for the current year.

About AdvanSix

AdvanSix Inc is an integrated manufacturer of Nylon 6. The Company also sells a variety of other products, all of which are produced as part of the Nylon 6 resin manufacturing process primarily, including caprolactam, ammonium sulfate fertilizers and other chemical intermediates. The Company operates primarily through its integrated manufacturing sites located in Frankford, Pennsylvania, Hopewell, Virginia, and Chesterfield, Virginia.

Institutional Ownership by Quarter for AdvanSix (NASDAQ:ASIX)

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