Alps Advisors Inc. bought a new position in AdvanSix (NYSE:ASIX) during the first quarter, according to its most recent disclosure with the SEC. The institutional investor bought 11,396 shares of the company’s stock, valued at approximately $396,000.
Other large investors have also added to or reduced their stakes in the company. Spirit of America Management Corp NY boosted its stake in AdvanSix by 1,693.5% in the 4th quarter. Spirit of America Management Corp NY now owns 4,448 shares of the company’s stock worth $187,000 after purchasing an additional 4,200 shares in the last quarter. Virtu Financial LLC bought a new position in AdvanSix in the 4th quarter worth about $219,000. AMP Capital Investors Ltd bought a new position in AdvanSix in the 4th quarter worth about $244,000. Cypress Capital Management LLC WY boosted its stake in AdvanSix by 8,422.6% in the 4th quarter. Cypress Capital Management LLC WY now owns 7,926 shares of the company’s stock worth $333,000 after purchasing an additional 7,833 shares in the last quarter. Finally, LPL Financial LLC boosted its stake in AdvanSix by 76.0% in the 4th quarter. LPL Financial LLC now owns 8,991 shares of the company’s stock worth $378,000 after purchasing an additional 3,883 shares in the last quarter. 77.68% of the stock is currently owned by hedge funds and other institutional investors.
AdvanSix opened at $38.09 on Friday, according to Marketbeat. The company has a current ratio of 1.17, a quick ratio of 0.72 and a debt-to-equity ratio of 0.49. The stock has a market cap of $1.14 billion, a price-to-earnings ratio of 12.70 and a beta of 1.44. AdvanSix has a 52-week low of $37.62 and a 52-week high of $38.00.
AdvanSix (NYSE:ASIX) last posted its earnings results on Friday, May 4th. The company reported $0.37 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.26 by $0.11. The business had revenue of $359.20 million for the quarter, compared to analysts’ expectations of $368.45 million. AdvanSix had a net margin of 8.99% and a return on equity of 24.00%. The business’s quarterly revenue was down 4.6% compared to the same quarter last year. analysts expect that AdvanSix will post 3.28 EPS for the current year.
A number of brokerages recently issued reports on ASIX. Zacks Investment Research upgraded shares of AdvanSix from a “hold” rating to a “buy” rating and set a $41.00 price target on the stock in a research note on Tuesday, April 17th. Cowen dropped their price target on shares of AdvanSix from $47.00 to $41.00 and set an “outperform” rating on the stock in a research note on Thursday, April 12th.
In related news, Director Michael Marberry bought 685 shares of the stock in a transaction on Friday, April 6th. The shares were acquired at an average price of $36.50 per share, for a total transaction of $25,002.50. Following the purchase, the director now owns 19,424 shares of the company’s stock, valued at $708,976. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Insiders have acquired a total of 4,086 shares of company stock worth $149,900 in the last 90 days. Company insiders own 2.70% of the company’s stock.
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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