SG Americas Securities LLC Sells 25,796 Shares of AdvanSix $ASIX

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 (SEC). The fund owned 42,016 shares of the company’s stock after selling 25,796 shares during the quarter. SG Americas Securities LLC’s holdings in AdvanSix were worth $1,025,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Invenomic Capital Management LP bought a new stake in shares of AdvanSix during the 3rd quarter worth about $6,054,000. American Century Companies Inc. raised its stake in shares of AdvanSix by 9.3% in the 3rd quarter. American Century Companies Inc. now owns 967,571 shares of the company’s stock valued at $18,752,000 after acquiring an additional 81,927 shares in the last quarter. Lumbard & Kellner LLC bought a new position in shares of AdvanSix in the 4th quarter valued at approximately $2,511,000. Waterfront Wealth Inc. lifted its holdings in AdvanSix by 380.7% in the 4th quarter. Waterfront Wealth Inc. now owns 67,250 shares of the company’s stock worth $1,141,000 after purchasing an additional 53,261 shares during the last quarter. Finally, Deprince Race & Zollo Inc. lifted its holdings in AdvanSix by 15.1% in the 4th quarter. Deprince Race & Zollo Inc. now owns 293,768 shares of the company’s stock worth $5,082,000 after purchasing an additional 38,611 shares during the last quarter. 86.39% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

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

AdvanSix Price Performance

Shares of NYSE:ASIX opened at $20.26 on Friday. The company has a market cap of $546.24 million, a price-to-earnings ratio of 54.76 and a beta of 1.30. The business has a 50 day moving average price of $21.84 and a 200 day moving average price of $20.25. The company has a quick ratio of 0.68, a current ratio of 1.23 and a debt-to-equity ratio of 0.34. AdvanSix has a twelve month low of $14.10 and a twelve month high of $26.73.

AdvanSix (NYSE:ASIX) last issued 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 return on equity of 2.18% and a net margin of 0.67%.The business had revenue of $404.18 million during the quarter, compared to the consensus estimate of $364.90 million. Research analysts predict that AdvanSix will post 0.85 earnings per share for the current year.

AdvanSix Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, June 2nd. Stockholders 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 annualized dividend and a dividend yield of 3.2%. AdvanSix’s dividend payout ratio (DPR) is presently 172.97%.

About AdvanSix

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.