AdvanSix Inc (NYSE:ASIX) Director Michael Marberry acquired 574 shares of the company’s stock in a transaction dated Thursday, March 8th. The stock was acquired at an average cost of $43.51 per share, for a total transaction of $24,974.74. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.
Michael Marberry also recently made the following trade(s):
- On Thursday, December 14th, Michael Marberry acquired 625 shares of AdvanSix stock. The stock was acquired at an average cost of $40.00 per share, for a total transaction of $25,000.00.
AdvanSix Inc (ASIX) traded up $1.36 during mid-day trading on Friday, hitting $43.81. 287,811 shares of the stock traded hands, compared to its average volume of 257,339. The stock has a market cap of $1,293.96, a P/E ratio of 13.78 and a beta of 0.62. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.31 and a quick ratio of 0.87. AdvanSix Inc has a fifty-two week low of $24.72 and a fifty-two week high of $46.51.
Hedge funds and other institutional investors have recently made changes to their positions in the stock. Wells Fargo & Company MN boosted its holdings in AdvanSix by 109.3% during the third quarter. Wells Fargo & Company MN now owns 289,673 shares of the company’s stock worth $11,514,000 after buying an additional 151,278 shares in the last quarter. Assenagon Asset Management S.A. purchased a new stake in AdvanSix during the fourth quarter worth $8,919,000. Ameriprise Financial Inc. boosted its holdings in AdvanSix by 6.3% during the third quarter. Ameriprise Financial Inc. now owns 174,729 shares of the company’s stock worth $6,946,000 after buying an additional 10,428 shares in the last quarter. California Public Employees Retirement System boosted its holdings in AdvanSix by 10.8% during the third quarter. California Public Employees Retirement System now owns 99,815 shares of the company’s stock worth $3,968,000 after buying an additional 9,699 shares in the last quarter. Finally, JPMorgan Chase & Co. boosted its holdings in AdvanSix by 0.6% during the third quarter. JPMorgan Chase & Co. now owns 1,172,446 shares of the company’s stock worth $46,488,000 after buying an additional 6,937 shares in the last quarter. 75.43% of the stock is currently owned by hedge funds and other institutional investors.
Several analysts have recently commented on ASIX shares. Zacks Investment Research downgraded shares of AdvanSix from a “hold” rating to a “sell” rating in a report on Wednesday, December 20th. ValuEngine downgraded shares of AdvanSix from a “buy” rating to a “hold” rating in a report on Friday, December 1st. Finally, BidaskClub downgraded shares of AdvanSix from a “strong-buy” rating to a “buy” rating in a report on Friday, November 10th.
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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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