Erin N. Kane Sells 5,000 Shares of AdvanSix Inc. (NYSE:ASIX) Stock

AdvanSix Inc. (NYSE:ASIX) CEO Erin N. Kane sold 5,000 shares of the business’s stock in a transaction on Monday, February 3rd. The stock was sold at an average price of $30.19, for a total value of $150,950.00. Following the transaction, the chief executive officer now owns 502,795 shares in the company, valued at approximately $15,179,381.05. This trade represents a 0.98 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

AdvanSix Stock Performance

Shares of ASIX stock opened at $30.33 on Thursday. The business has a fifty day moving average of $30.11 and a 200 day moving average of $29.53. AdvanSix Inc. has a 1 year low of $20.86 and a 1 year high of $33.00. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.34 and a quick ratio of 0.62. The firm has a market capitalization of $810.64 million, a price-to-earnings ratio of 21.51 and a beta of 1.76.

Analysts Set New Price Targets

Several brokerages have weighed in on ASIX. Piper Sandler raised their price target on AdvanSix from $35.00 to $39.00 and gave the stock an “overweight” rating in a report on Friday, November 8th. StockNews.com upgraded shares of AdvanSix from a “hold” rating to a “buy” rating in a research note on Wednesday, December 4th.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of ASIX. AQR Capital Management LLC boosted its position in AdvanSix by 12.7% in the second quarter. AQR Capital Management LLC now owns 135,113 shares of the company’s stock valued at $3,097,000 after buying an additional 15,242 shares during the last quarter. Millennium Management LLC lifted its stake in AdvanSix by 83.8% during the 2nd quarter. Millennium Management LLC now owns 139,277 shares of the company’s stock valued at $3,192,000 after acquiring an additional 63,489 shares during the period. Point72 Asset Management L.P. purchased a new stake in shares of AdvanSix in the 2nd quarter valued at $55,000. SG Americas Securities LLC acquired a new stake in shares of AdvanSix in the third quarter worth $285,000. Finally, Saxon Interests Inc. purchased a new position in shares of AdvanSix during the third quarter worth $213,000. 86.39% of the stock is owned by institutional investors and hedge funds.

AdvanSix Company Profile

AdvanSix Inc engages in the manufacture and sale of 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 engineered plastic resins, as well as other intermediate chemicals, including phenol, monoisopropylamine, dipropylamine, monoallylamine, alpha-methylstyrene, cyclohexanone, methyl ethyl ketoxime, acetaldehyde oxime, 2-pentanone oxime, cyclohexanol, sulfuric acid, ammonia, and carbon dioxide.