Dana Investment Advisors Inc. decreased its stake in shares of AdvanSix Inc (NYSE:ASIX) by 4.1% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 53,819 shares of the company’s stock after selling 2,302 shares during the period. Dana Investment Advisors Inc. owned approximately 0.18% of AdvanSix worth $1,310,000 as of its most recent SEC filing.
A number of other institutional investors also recently added to or reduced their stakes in the business. NumerixS Investment Technologies Inc boosted its position in shares of AdvanSix by 60.0% during the 4th quarter. NumerixS Investment Technologies Inc now owns 1,600 shares of the company’s stock valued at $39,000 after purchasing an additional 600 shares in the last quarter. O Shaughnessy Asset Management LLC boosted its holdings in shares of AdvanSix by 18.2% in the fourth quarter. O Shaughnessy Asset Management LLC now owns 2,739 shares of the company’s stock worth $67,000 after buying an additional 422 shares during the period. Flagship Harbor Advisors LLC boosted its holdings in shares of AdvanSix by 81.9% in the fourth quarter. Flagship Harbor Advisors LLC now owns 4,206 shares of the company’s stock worth $102,000 after buying an additional 1,894 shares during the period. Tower Research Capital LLC TRC boosted its holdings in shares of AdvanSix by 360.3% in the third quarter. Tower Research Capital LLC TRC now owns 3,038 shares of the company’s stock worth $103,000 after buying an additional 2,378 shares during the period. Finally, Acadian Asset Management LLC acquired a new position in shares of AdvanSix in the third quarter worth about $150,000. 78.96% of the stock is currently owned by hedge funds and other institutional investors.
Shares of ASIX opened at $30.15 on Friday. AdvanSix Inc has a one year low of $22.57 and a one year high of $41.45. The stock has a market capitalization of $875.13 million, a price-to-earnings ratio of 14.43 and a beta of 2.02. The company has a quick ratio of 0.61, a current ratio of 1.09 and a debt-to-equity ratio of 0.48.
AdvanSix (NYSE:ASIX) last announced its earnings results on Friday, February 22nd. The company reported $0.68 EPS for the quarter, missing the consensus estimate of $0.75 by ($0.07). The firm had revenue of $386.63 million during the quarter, compared to analyst estimates of $374.07 million. AdvanSix had a return on equity of 16.19% and a net margin of 4.37%. The business’s quarterly revenue was up 4.4% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.60 earnings per share. As a group, analysts anticipate that AdvanSix Inc will post 2.65 earnings per share for the current fiscal year.
Several research analysts have commented on the stock. Zacks Investment Research cut shares of AdvanSix from a “hold” rating to a “strong sell” rating in a report on Wednesday, November 28th. ValuEngine upgraded shares of AdvanSix from a “sell” rating to a “hold” rating in a report on Thursday, December 13th. Cowen cut shares of AdvanSix from an “outperform” rating to a “market perform” rating and set a $33.00 target price for the company. in a report on Wednesday, February 6th. Finally, Stifel Nicolaus assumed coverage on shares of AdvanSix in a report on Monday, December 10th. They issued a “buy” rating and a $38.00 target price for the company. Three research analysts have rated the stock with a hold rating and one has given a buy rating to the company. AdvanSix currently has a consensus rating of “Hold” and an average price target of $35.00.
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AdvanSix Inc manufactures and sells polymer resins in the United States. 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, ammonium sulfate fertilizers, and acetone, 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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