EMC Capital Management Sells 5,351 Shares of AdvanSix $ASIX

EMC Capital Management decreased its holdings in shares of AdvanSix (NYSE:ASIX) by 56.6% in the 2nd quarter, HoldingsChannel reports. The firm owned 4,109 shares of the company’s stock after selling 5,351 shares during the period. EMC Capital Management’s holdings in AdvanSix were worth $98,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently modified their holdings of ASIX. Farther Finance Advisors LLC raised its position in AdvanSix by 1,195.9% during the second quarter. Farther Finance Advisors LLC now owns 3,123 shares of the company’s stock valued at $74,000 after purchasing an additional 2,882 shares in the last quarter. AlphaQuest LLC raised its stake in AdvanSix by 22.3% during the first quarter. AlphaQuest LLC now owns 4,014 shares of the company’s stock worth $91,000 after acquiring an additional 731 shares in the last quarter. Quantbot Technologies LP lifted its holdings in shares of AdvanSix by 33.2% in the first quarter. Quantbot Technologies LP now owns 4,096 shares of the company’s stock worth $93,000 after acquiring an additional 1,022 shares during the last quarter. CWM LLC boosted its stake in shares of AdvanSix by 1,695.3% in the 2nd quarter. CWM LLC now owns 7,594 shares of the company’s stock valued at $180,000 after purchasing an additional 7,171 shares in the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. bought a new stake in shares of AdvanSix during the 2nd quarter valued at approximately $216,000. Institutional investors own 86.39% of the company’s stock.

Analyst Ratings Changes

A number of analysts have weighed in on the stock. Wall Street Zen cut shares of AdvanSix from a “buy” rating to a “hold” rating in a research note on Sunday, August 10th. Weiss Ratings reiterated a “sell (d+)” rating on shares of AdvanSix in a research report on Monday. One analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $33.50.

AdvanSix Stock Up 0.8%

Shares of NYSE ASIX opened at $14.41 on Thursday. The firm has a market cap of $387.00 million, a PE ratio of 7.50 and a beta of 1.72. AdvanSix has a 12-month low of $14.10 and a 12-month high of $33.00. The company’s fifty day simple moving average is $19.05 and its 200 day simple moving average is $21.21. The company has a quick ratio of 0.74, a current ratio of 1.36 and a debt-to-equity ratio of 0.31.

AdvanSix (NYSE:ASIX) last issued its earnings results on Friday, November 7th. The company reported $0.08 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.40 by ($0.32). AdvanSix had a return on equity of 7.14% and a net margin of 3.52%.The firm had revenue of $374.47 million during the quarter, compared to the consensus estimate of $365.00 million. As a group, sell-side analysts forecast that AdvanSix will post 4 earnings per share for the current fiscal year.

AdvanSix Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 2nd. Shareholders of record on Tuesday, November 18th will be issued a dividend of $0.16 per share. This represents a $0.64 dividend on an annualized basis and a yield of 4.4%. The ex-dividend date of this dividend is Tuesday, November 18th. AdvanSix’s payout ratio is currently 33.33%.

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.