Weber Alan W maintained its position in AdvanSix Inc (NASDAQ:ASIX) during the second quarter, Holdings Channel reports. The firm owned 45,000 shares of the company’s stock at the end of the second quarter. AdvanSix comprises approximately 0.8% of Weber Alan W’s holdings, making the stock its 28th largest position. Weber Alan W’s holdings in AdvanSix were worth $1,406,000 as of its most recent SEC filing.
A number of other institutional investors have also bought and sold shares of the company. Spark Investment Management LLC boosted its position in AdvanSix by 261.0% in the second quarter. Spark Investment Management LLC now owns 357,000 shares of the company’s stock worth $11,152,000 after buying an additional 258,100 shares during the last quarter. Russell Investments Group Ltd. boosted its position in AdvanSix by 117.2% in the second quarter. Russell Investments Group Ltd. now owns 147,395 shares of the company’s stock worth $4,605,000 after buying an additional 79,529 shares during the last quarter. Texas Permanent School Fund acquired a new position in AdvanSix during the second quarter worth approximately $694,000. Trexquant Investment LP acquired a new position in AdvanSix during the second quarter worth approximately $372,000. Finally, Sei Investments Co. boosted its position in AdvanSix by 69.4% in the second quarter. Sei Investments Co. now owns 15,836 shares of the company’s stock worth $494,000 after buying an additional 6,490 shares during the last quarter.
AdvanSix Inc (NASDAQ ASIX) opened at 33.36 on Thursday. The company has a market cap of $1.02 billion and a PE ratio of 30.11. AdvanSix Inc has a 12-month low of $12.00 and a 12-month high of $34.87. The company’s 50-day moving average price is $33.09 and its 200-day moving average price is $28.85.
AdvanSix (NASDAQ:ASIX) last posted its quarterly earnings data on Thursday, May 11th. The company reported $0.88 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.43 by $0.45. The firm had revenue of $376.70 million during the quarter. AdvanSix had a net margin of 7.25% and a return on equity of 47.63%. Equities analysts anticipate that AdvanSix Inc will post $2.61 earnings per share for the current year.
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Separately, Cowen and Company initiated coverage on AdvanSix in a report on Friday, June 23rd. They set an “outperform” rating and a $37.00 price target for the company.
AdvanSix Inc is an integrated manufacturer of Nylon 6. The Company also sells a variety of other products, all of which are produced as part of the Nylon 6 resin manufacturing process primarily, including caprolactam, ammonium sulfate fertilizers and other chemical intermediates. The Company operates primarily through its integrated manufacturing sites located in Frankford, Pennsylvania, Hopewell, Virginia, and Chesterfield, Virginia.
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