Weiss Ratings Reiterates Hold (C-) Rating for AdvanSix (NYSE:ASIX)

AdvanSix (NYSE:ASIX)‘s stock had its “hold (c-)” rating reissued by equities research analysts at Weiss Ratings in a research note issued on Wednesday,Weiss Ratings reports.

Separately, Wall Street Zen cut shares of AdvanSix from a “buy” rating to a “hold” rating in a report on Sunday, August 10th. One analyst has rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $33.50.

AdvanSix Stock Up 0.4%

Shares of NYSE:ASIX opened at $20.66 on Wednesday. AdvanSix has a 52-week low of $17.97 and a 52-week high of $33.00. The firm has a market capitalization of $554.60 million, a P/E ratio of 7.27 and a beta of 1.64. The stock has a 50 day moving average price of $20.10 and a 200-day moving average price of $21.77. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.66 and a current ratio of 1.35.

Hedge Funds Weigh In On AdvanSix

Institutional investors and hedge funds have recently bought and sold shares of the stock. GAMMA Investing LLC increased its holdings in AdvanSix by 149.5% in the 1st quarter. GAMMA Investing LLC now owns 1,966 shares of the company’s stock worth $45,000 after acquiring an additional 1,178 shares in the last quarter. Teacher Retirement System of Texas boosted its position in shares of AdvanSix by 35.0% in the first quarter. Teacher Retirement System of Texas now owns 51,692 shares of the company’s stock worth $1,171,000 after purchasing an additional 13,391 shares during the period. New York State Teachers Retirement System boosted its position in shares of AdvanSix by 6.0% in the first quarter. New York State Teachers Retirement System now owns 50,496 shares of the company’s stock worth $1,144,000 after purchasing an additional 2,837 shares during the period. Kapitalo Investimentos Ltda purchased a new position in shares of AdvanSix during the 2nd quarter valued at $363,000. Finally, Foundations Investment Advisors LLC lifted its stake in shares of AdvanSix by 221.5% during the 1st quarter. Foundations Investment Advisors LLC now owns 25,133 shares of the company’s stock valued at $569,000 after buying an additional 17,316 shares in the last quarter. 86.39% of the stock is currently owned by hedge funds and other institutional investors.

AdvanSix Company Profile

AdvanSix Inc engages in the manufacture and sale of polymer resins in the United States and internationally. It offers Nylon 6, a polymer resin, which is a synthetic material used to produce fibers, filaments, engineered plastics, and films. The company also provides caprolactam to manufacture polymer resins; ammonium sulfate fertilizers to distributors, farm cooperatives, and retailers; and acetone that are used in the production of adhesives, paints, coatings, solvents, herbicides, and engineered plastic resins, as well as other intermediate chemicals, including phenol, monoisopropylamine, dipropylamine, monoallylamine, alpha-methylstyrene, cyclohexanone, methyl ethyl ketoxime, acetaldehyde oxime, 2-pentanone oxime, cyclohexanol, sulfuric acid, ammonia, and carbon dioxide.