AdvanSix Inc (NYSE:ASIX) Director Michael Marberry acquired 3,576 shares of the business’s stock in a transaction that occurred on Monday, December 2nd. The stock was purchased at an average price of $19.74 per share, for a total transaction of $70,590.24. Following the acquisition, the director now directly owns 52,779 shares in the company, valued at approximately $1,041,857.46. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.
Shares of NYSE:ASIX traded down $0.11 on Wednesday, hitting $19.41. 131,633 shares of the company’s stock were exchanged, compared to its average volume of 157,607. The firm’s 50-day moving average is $22.22 and its 200 day moving average is $24.12. The company has a market capitalization of $564.67 million, a PE ratio of 9.29 and a beta of 1.85. AdvanSix Inc has a 1-year low of $19.13 and a 1-year high of $34.92. The company has a debt-to-equity ratio of 0.88, a quick ratio of 0.45 and a current ratio of 1.01.
AdvanSix (NYSE:ASIX) last released its quarterly earnings data on Friday, November 1st. The company reported $0.28 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.51 by ($0.23). The business had revenue of $310.60 million for the quarter, compared to analyst estimates of $337.03 million. AdvanSix had a return on equity of 15.31% and a net margin of 4.73%. The company’s revenue was down 15.8% compared to the same quarter last year. During the same period in the prior year, the company posted $0.18 earnings per share. On average, analysts anticipate that AdvanSix Inc will post 1.87 EPS for the current fiscal year.
Several equities research analysts recently issued reports on the company. ValuEngine downgraded AdvanSix from a “hold” rating to a “sell” rating in a report on Saturday, October 19th. CL King assumed coverage on AdvanSix in a report on Thursday, August 15th. They issued a “neutral” rating on the stock. Cowen cut their price objective on AdvanSix from $24.00 to $20.00 and set a “market perform” rating on the stock in a report on Tuesday, November 19th. Finally, Zacks Investment Research downgraded AdvanSix from a “hold” rating to a “strong sell” rating in a report on Wednesday, November 6th. Two research analysts have rated the stock with a sell rating, two have issued a hold rating and one has issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of $29.67.
Several large investors have recently added to or reduced their stakes in ASIX. Nuveen Asset Management LLC acquired a new position in shares of AdvanSix during the 2nd quarter worth about $4,446,000. Morgan Stanley boosted its position in shares of AdvanSix by 217.4% in the 2nd quarter. Morgan Stanley now owns 163,028 shares of the company’s stock valued at $3,983,000 after purchasing an additional 111,670 shares during the period. AltraVue Capital LLC boosted its position in shares of AdvanSix by 214.1% in the 2nd quarter. AltraVue Capital LLC now owns 132,681 shares of the company’s stock valued at $3,241,000 after purchasing an additional 90,441 shares during the period. Firefly Value Partners LP boosted its position in shares of AdvanSix by 3.1% in the 2nd quarter. Firefly Value Partners LP now owns 2,480,602 shares of the company’s stock valued at $60,601,000 after purchasing an additional 75,000 shares during the period. Finally, LSV Asset Management boosted its position in shares of AdvanSix by 56.9% in the 2nd quarter. LSV Asset Management now owns 136,954 shares of the company’s stock valued at $3,345,000 after purchasing an additional 49,650 shares during the period. 82.00% of the stock is owned by institutional investors and hedge funds.
AdvanSix Inc manufactures and sells polymer resins. 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 to manufacture polymer resins; ammonium sulfate fertilizers to distributors, farm cooperatives, and retailers; and acetone, which is used by customers in the production of adhesives, paints, coatings, solvents, herbicides, and other engineered plastic resins, 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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