Rhumbline Advisers raised its position in AdvanSix Inc. (NYSE:ASIX) by 0.9% during the first quarter, HoldingsChannel.com reports. The firm owned 102,192 shares of the company’s stock after buying an additional 921 shares during the quarter. Rhumbline Advisers’ holdings in AdvanSix were worth $2,741,000 at the end of the most recent quarter.
Several other institutional investors have also recently added to or reduced their stakes in the company. Alliancebernstein L.P. raised its holdings in shares of AdvanSix by 3.6% in the 1st quarter. Alliancebernstein L.P. now owns 1,257,482 shares of the company’s stock worth $33,726,000 after purchasing an additional 43,518 shares during the period. Victory Capital Management Inc. grew its stake in shares of AdvanSix by 81.8% in the first quarter. Victory Capital Management Inc. now owns 37,024 shares of the company’s stock valued at $993,000 after buying an additional 16,657 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in shares of AdvanSix by 98.6% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,235 shares of the company’s stock valued at $87,000 after buying an additional 1,606 shares in the last quarter. Meeder Asset Management Inc. grew its stake in shares of AdvanSix by 10,477.9% in the first quarter. Meeder Asset Management Inc. now owns 8,145 shares of the company’s stock valued at $217,000 after buying an additional 8,068 shares in the last quarter. Finally, Parsons Capital Management Inc. RI acquired a new stake in shares of AdvanSix in the first quarter valued at about $362,000. Institutional investors own 84.33% of the company’s stock.
A number of equities research analysts have recently issued reports on the company. TheStreet upgraded AdvanSix from a “c-” rating to a “b-” rating in a research note on Friday, February 19th. Zacks Investment Research lowered AdvanSix from a “buy” rating to a “hold” rating in a research note on Tuesday, May 4th.
Shares of NYSE ASIX opened at $30.62 on Friday. AdvanSix Inc. has a fifty-two week low of $10.28 and a fifty-two week high of $33.28. The company’s 50 day simple moving average is $30.24. The company has a current ratio of 1.20, a quick ratio of 0.65 and a debt-to-equity ratio of 0.52. The firm has a market cap of $858.92 million, a price-to-earnings ratio of 13.26 and a beta of 1.82.
AdvanSix (NYSE:ASIX) last issued its quarterly earnings data on Thursday, April 29th. The company reported $0.98 earnings per share for the quarter, beating analysts’ consensus estimates of $0.72 by $0.26. AdvanSix had a return on equity of 14.91% and a net margin of 5.33%. As a group, equities analysts anticipate that AdvanSix Inc. will post 3.17 EPS for the current year.
In other AdvanSix news, SVP Willem L. Blindenbach sold 3,675 shares of the firm’s stock in a transaction that occurred on Friday, April 9th. The stock was sold at an average price of $27.84, for a total transaction of $102,312.00. Following the completion of the sale, the senior vice president now owns 26,685 shares in the company, valued at approximately $742,910.40. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. In the last 90 days, insiders have sold 4,075 shares of company stock valued at $114,328. 3.30% of the stock is owned by insiders.
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 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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