Strs Ohio purchased a new stake in AdvanSix Inc. (NYSE:ASIX) during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 27,000 shares of the company’s stock, valued at approximately $724,000.
Other institutional investors also recently added to or reduced their stakes in the company. ETF Managers Group LLC acquired a new stake in AdvanSix in the 4th quarter valued at $120,000. Citigroup Inc. boosted its stake in AdvanSix by 112.6% during the 4th quarter. Citigroup Inc. now owns 7,604 shares of the company’s stock worth $152,000 after purchasing an additional 4,027 shares during the last quarter. Schroder Investment Management Group acquired a new stake in AdvanSix during the 4th quarter worth $189,000. Crossmark Global Holdings Inc. acquired a new stake in AdvanSix during the 1st quarter worth $220,000. Finally, Hancock Whitney Corp boosted its stake in AdvanSix by 4.6% during the 4th quarter. Hancock Whitney Corp now owns 12,034 shares of the company’s stock worth $240,000 after purchasing an additional 534 shares during the last quarter. 82.34% of the stock is currently owned by hedge funds and other institutional investors.
Several brokerages have issued reports on ASIX. Zacks Investment Research cut shares of AdvanSix from a “buy” rating to a “hold” rating in a research note on Tuesday, May 4th. TheStreet raised shares of AdvanSix from a “c-” rating to a “b-” rating in a research note on Friday, February 19th.
NYSE ASIX opened at $29.94 on Thursday. AdvanSix Inc. has a 52 week low of $9.76 and a 52 week high of $33.28. 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 business’s fifty day simple moving average is $28.85 and its 200-day simple moving average is $23.65. The firm has a market cap of $839.85 million, a PE ratio of 48.29 and a beta of 1.84.
AdvanSix (NYSE:ASIX) last posted its quarterly earnings results on Thursday, April 29th. The company reported $0.98 EPS for the quarter, topping the consensus estimate of $0.72 by $0.26. AdvanSix had a return on equity of 4.17% and a net margin of 1.50%. Research analysts expect that AdvanSix Inc. will post 1.22 EPS for the current year.
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 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 other engineered plastic resins, as well as other intermediate chemicals, including phenol, alpha-methylstyrene, cyclohexanone, methyl ethyl ketoxime, acetaldehyde oxime, 2-pentanone oxime, cyclohexanol, sulfuric acid, ammonia, and carbon dioxide.
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