AdvanSix Inc (ASIX) Stake Lowered by Algert Global LLC

Algert Global LLC trimmed its position in shares of AdvanSix Inc (NYSE:ASIX) by 58.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 21,001 shares of the company’s stock after selling 29,859 shares during the period. Algert Global LLC owned about 0.07% of AdvanSix worth $511,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. Tower Research Capital LLC TRC increased its position in shares of AdvanSix by 360.3% during the third quarter. Tower Research Capital LLC TRC now owns 3,038 shares of the company’s stock valued at $103,000 after buying an additional 2,378 shares during the period. Flagship Harbor Advisors LLC increased its position in shares of AdvanSix by 81.9% during the fourth quarter. Flagship Harbor Advisors LLC now owns 4,206 shares of the company’s stock valued at $102,000 after buying an additional 1,894 shares during the period. Acadian Asset Management LLC purchased a new position in shares of AdvanSix during the third quarter valued at about $150,000. Verition Fund Management LLC purchased a new position in shares of AdvanSix during the third quarter valued at about $219,000. Finally, Nisa Investment Advisors LLC increased its position in shares of AdvanSix by 14.3% during the fourth quarter. Nisa Investment Advisors LLC now owns 7,213 shares of the company’s stock valued at $176,000 after buying an additional 900 shares during the period. 79.19% of the stock is owned by hedge funds and other institutional investors.

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Several equities analysts recently issued reports on the stock. Cowen cut shares of AdvanSix from an “outperform” rating to a “market perform” rating and set a $33.00 price target on the stock. in a research report on Wednesday. Zacks Investment Research upgraded shares of AdvanSix from a “strong sell” rating to a “strong-buy” rating and set a $34.00 price objective on the stock in a report on Monday, January 28th. ValuEngine upgraded shares of AdvanSix from a “sell” rating to a “hold” rating in a report on Thursday, December 13th. Stifel Nicolaus initiated coverage on shares of AdvanSix in a report on Monday, December 10th. They issued a “buy” rating and a $38.00 price objective on the stock. Finally, TheStreet cut shares of AdvanSix from a “b-” rating to a “c+” rating in a report on Monday, November 5th. Two analysts have rated the stock with a hold rating, one has given a buy rating and one has given a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average price target of $35.00.

Shares of ASIX opened at $31.28 on Friday. The stock has a market capitalization of $926.27 million, a price-to-earnings ratio of 10.43 and a beta of 2.05. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.70 and a current ratio of 1.17. AdvanSix Inc has a fifty-two week low of $22.57 and a fifty-two week high of $44.43.

In other AdvanSix news, Director Michael Marberry acquired 1,905 shares of the business’s stock in a transaction on Friday, December 7th. The shares were acquired at an average price of $26.20 per share, for a total transaction of $49,911.00. Following the completion of the acquisition, the director now owns 34,856 shares in the company, valued at $913,227.20. The acquisition was disclosed in a legal filing with the SEC, which is available through the SEC website. 0.22% of the stock is currently owned by corporate insiders.

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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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