AdvanSix Inc (NYSE:ASIX) Shares Purchased by Parallel Advisors LLC

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Parallel Advisors LLC boosted its holdings in AdvanSix Inc (NYSE:ASIX) by 194.9% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 1,091 shares of the company’s stock after buying an additional 721 shares during the period. Parallel Advisors LLC’s holdings in AdvanSix were worth $27,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of the business. Meeder Asset Management Inc. raised its position in AdvanSix by 1,629.6% during the second quarter. Meeder Asset Management Inc. now owns 13,612 shares of the company’s stock valued at $333,000 after buying an additional 12,825 shares during the period. AltraVue Capital LLC raised its position in AdvanSix by 214.1% during the second quarter. AltraVue Capital LLC now owns 132,681 shares of the company’s stock valued at $3,241,000 after buying an additional 90,441 shares during the period. Cubic Asset Management LLC raised its position in AdvanSix by 49.9% during the second quarter. Cubic Asset Management LLC now owns 36,855 shares of the company’s stock valued at $900,000 after buying an additional 12,265 shares during the period. Strs Ohio raised its position in AdvanSix by 11.7% during the second quarter. Strs Ohio now owns 28,700 shares of the company’s stock valued at $701,000 after buying an additional 3,000 shares during the period. Finally, Convergence Investment Partners LLC acquired a new position in AdvanSix during the second quarter valued at $162,000. 86.92% of the stock is currently owned by hedge funds and other institutional investors.

NYSE:ASIX traded down $0.48 during trading hours on Wednesday, hitting $21.36. 92,030 shares of the company’s stock traded hands, compared to its average volume of 166,138. The firm has a market cap of $596.93 million, a P/E ratio of 10.22 and a beta of 1.90. AdvanSix Inc has a twelve month low of $21.29 and a twelve month high of $35.90. The company has a debt-to-equity ratio of 0.82, a quick ratio of 0.61 and a current ratio of 1.16. The stock’s fifty day moving average price is $23.90 and its two-hundred day moving average price is $27.73.

AdvanSix (NYSE:ASIX) last issued its earnings results on Thursday, August 1st. The company reported $0.53 EPS for the quarter, beating analysts’ consensus estimates of $0.39 by $0.14. AdvanSix had a return on equity of 14.80% and a net margin of 4.36%. The firm had revenue of $345.22 million for the quarter, compared to the consensus estimate of $344.33 million. During the same quarter in the previous year, the company posted $0.91 earnings per share. The business’s quarterly revenue was down 13.8% compared to the same quarter last year. On average, equities research analysts predict that AdvanSix Inc will post 2.14 earnings per share for the current year.

In other news, Director Michael Marberry bought 4,350 shares of the stock in a transaction on Wednesday, August 14th. The shares were purchased at an average price of $21.34 per share, for a total transaction of $92,829.00. Following the completion of the purchase, the director now directly owns 48,474 shares of the company’s stock, valued at approximately $1,034,435.16. The purchase was disclosed in a filing with the SEC, which is available through this link. Insiders own 0.56% of the company’s stock.

Several research firms recently weighed in on ASIX. CL King began coverage on AdvanSix in a research report on Thursday, August 15th. They set a “neutral” rating on the stock. Zacks Investment Research lowered AdvanSix from a “hold” rating to a “strong sell” rating in a research report on Wednesday, June 26th. Finally, ValuEngine raised AdvanSix from a “sell” rating to a “hold” rating in a research report on Thursday, August 1st. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and one has given a buy rating to the stock. AdvanSix presently has a consensus rating of “Hold” and an average target price of $34.00.

About AdvanSix

AdvanSix Inc manufactures and sells polymer resins. 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 to manufacture polymer resins; ammonium sulfate fertilizers to distributors, farm cooperatives, and retailers; and acetone, which is used by customers in the production of adhesives, paints, coatings, solvents, herbicides, and other engineered plastic resins, 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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