AdvanSix Inc. (NYSE:ASIX) Shares Sold by Fruth Investment Management


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Fruth Investment Management cut its stake in AdvanSix Inc. (NYSE:ASIX) by 3.2% during the 4th quarter, Holdings Channel.com reports. The fund owned 70,026 shares of the company’s stock after selling 2,300 shares during the period. Fruth Investment Management’s holdings in AdvanSix were worth $1,399,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. First Trust Advisors LP raised its position in AdvanSix by 6.0% during the first quarter. First Trust Advisors LP now owns 83,861 shares of the company’s stock valued at $2,396,000 after purchasing an additional 4,767 shares in the last quarter. Bank of Montreal Can boosted its holdings in AdvanSix by 274.6% in the 2nd quarter. Bank of Montreal Can now owns 2,952 shares of the company’s stock worth $30,000 after buying an additional 2,164 shares during the period. Advisor Group Holdings Inc. boosted its holdings in AdvanSix by 31.7% in the 2nd quarter. Advisor Group Holdings Inc. now owns 3,432 shares of the company’s stock worth $38,000 after buying an additional 826 shares during the period. Vanguard Group Inc. boosted its holdings in AdvanSix by 2.4% in the 2nd quarter. Vanguard Group Inc. now owns 1,974,501 shares of the company’s stock worth $23,180,000 after buying an additional 46,619 shares during the period. Finally, Public Employees Retirement System of Ohio boosted its holdings in AdvanSix by 14.4% in the 2nd quarter. Public Employees Retirement System of Ohio now owns 31,136 shares of the company’s stock worth $366,000 after buying an additional 3,930 shares during the period. Hedge funds and other institutional investors own 82.34% of the company’s stock.

ASIX stock traded down $0.45 during mid-day trading on Wednesday, hitting $22.46. The company had a trading volume of 4,715 shares, compared to its average volume of 111,170. The company has a market capitalization of $629.55 million, a price-to-earnings ratio of 36.76 and a beta of 1.84. AdvanSix Inc. has a 12-month low of $8.06 and a 12-month high of $22.99. The company has a quick ratio of 0.53, a current ratio of 1.22 and a debt-to-equity ratio of 0.74. The company has a 50-day moving average price of $20.01 and a 200 day moving average price of $15.14.

AdvanSix (NYSE:ASIX) last announced its quarterly earnings results on Friday, October 30th. The company reported ($0.02) EPS for the quarter, topping the consensus estimate of ($0.03) by $0.01. The business had revenue of $281.91 million for the quarter, compared to analysts’ expectations of $258.80 million. AdvanSix had a net margin of 1.50% and a return on equity of 4.17%. As a group, analysts expect that AdvanSix Inc. will post 1.22 EPS for the current year.

Several research analysts recently weighed in on ASIX shares. TheStreet raised shares of AdvanSix from a “d+” rating to a “c-” rating in a report on Wednesday, October 7th. Zacks Investment Research raised shares of AdvanSix from a “sell” rating to a “hold” rating in a report on Monday, January 4th. ValuEngine downgraded shares of AdvanSix from a “hold” rating to a “sell” rating in a report on Saturday. BidaskClub upgraded shares of AdvanSix from a “buy” rating to a “strong-buy” rating in a research note on Thursday, January 7th. Finally, CL King upgraded shares of AdvanSix from a “neutral” rating to a “buy” rating in a research note on Monday, December 7th. One research analyst has rated the stock with a sell rating, one has issued a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. AdvanSix has a consensus rating of “Buy” and a consensus target price of $18.50.

About AdvanSix

AdvanSix Inc manufactures and sells polymer resins in the United States and internationally. 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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Institutional Ownership by Quarter for AdvanSix (NYSE:ASIX)

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