IndexIQ Advisors LLC Trims Holdings in AdvanSix Inc (ASIX)

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IndexIQ Advisors LLC reduced its stake in AdvanSix Inc (NYSE:ASIX) by 7.6% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 60,426 shares of the company’s stock after selling 4,935 shares during the period. IndexIQ Advisors LLC’s holdings in AdvanSix were worth $1,471,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Nisa Investment Advisors LLC increased its holdings in shares of AdvanSix by 14.3% in the 4th quarter. Nisa Investment Advisors LLC now owns 7,213 shares of the company’s stock worth $176,000 after buying an additional 900 shares during the last quarter. Flagship Harbor Advisors LLC increased its holdings in shares of AdvanSix by 81.9% in the 4th 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 last quarter. Arizona State Retirement System increased its holdings in shares of AdvanSix by 4.3% in the 4th quarter. Arizona State Retirement System now owns 45,896 shares of the company’s stock worth $1,117,000 after buying an additional 1,897 shares during the last quarter. Tower Research Capital LLC TRC increased its holdings in shares of AdvanSix by 360.3% in the 3rd 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 last quarter. Finally, Dynamic Technology Lab Private Ltd increased its holdings in shares of AdvanSix by 23.3% in the 3rd quarter. Dynamic Technology Lab Private Ltd now owns 15,132 shares of the company’s stock worth $514,000 after buying an additional 2,859 shares during the last quarter. Institutional investors own 78.37% of the company’s stock.

In other AdvanSix news, Director Michael Marberry bought 1,905 shares of AdvanSix stock in a transaction dated Friday, December 7th. The shares were purchased at an average cost of $26.20 per share, for a total transaction of $49,911.00. Following the acquisition, the director now directly owns 34,856 shares in the company, valued at approximately $913,227.20. The acquisition was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 0.22% of the company’s stock.

AdvanSix stock opened at $31.21 on Tuesday. AdvanSix Inc has a twelve month low of $22.57 and a twelve month high of $44.43. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.70 and a current ratio of 1.17. The stock has a market capitalization of $932.44 million, a PE ratio of 10.40 and a beta of 2.05.

ASIX has been the topic of a number of research reports. TheStreet downgraded shares of AdvanSix from a “b-” rating to a “c+” rating in a report on Monday, November 5th. Cowen restated an “outperform” rating and issued a $35.00 target price (down from $40.00) on shares of AdvanSix in a report on Friday, November 23rd. Zacks Investment Research downgraded shares of AdvanSix from a “hold” rating to a “strong sell” rating in a report on Wednesday, November 28th. Stifel Nicolaus initiated coverage on shares of AdvanSix in a report on Monday, December 10th. They issued a “buy” rating and a $38.00 target price on the stock. Finally, ValuEngine upgraded shares of AdvanSix from a “sell” rating to a “hold” rating in a report on Thursday, December 13th. Three research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of $35.00.

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About AdvanSix

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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Institutional Ownership by Quarter for AdvanSix (NYSE:ASIX)

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