Los Angeles Capital Management & Equity Research Inc. Acquires New Stake in AdvanSix Inc (ASIX)

Los Angeles Capital Management & Equity Research Inc. bought a new position in AdvanSix Inc (NYSE:ASIX) in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 9,833 shares of the company’s stock, valued at approximately $391,000.

Other hedge funds also recently bought and sold shares of the company. SG Americas Securities LLC bought a new position in shares of AdvanSix in the second quarter worth about $100,000. Pacad Investment Ltd. increased its stake in shares of AdvanSix by 16.7% in the second quarter. Pacad Investment Ltd. now owns 3,500 shares of the company’s stock valued at $109,000 after buying an additional 500 shares during the period. Pinebridge Investments L.P. increased its stake in shares of AdvanSix by 13.6% in the second quarter. Pinebridge Investments L.P. now owns 4,509 shares of the company’s stock valued at $141,000 after buying an additional 539 shares during the period. Quantbot Technologies LP increased its stake in shares of AdvanSix by 772.8% in the second quarter. Quantbot Technologies LP now owns 4,783 shares of the company’s stock valued at $149,000 after buying an additional 4,235 shares during the period. Finally, Flagship Harbor Advisors LLC acquired a new position in shares of AdvanSix in the third quarter valued at approximately $240,000. 71.32% of the stock is owned by hedge funds and other institutional investors.

ASIX has been the subject of several recent research reports. Cowen upped their price objective on AdvanSix from $40.00 to $46.00 and gave the company an “outperform” rating in a research note on Friday, October 6th. BidaskClub raised AdvanSix from a “buy” rating to a “strong-buy” rating in a research note on Saturday, September 23rd. Zacks Investment Research raised AdvanSix from a “hold” rating to a “strong-buy” rating and set a $39.00 price objective for the company in a research note on Tuesday, September 12th. Finally, ValuEngine downgraded AdvanSix from a “buy” rating to a “hold” rating in a research note on Friday.

AdvanSix Inc (NYSE:ASIX) opened at $41.04 on Friday. AdvanSix Inc has a 52 week low of $18.86 and a 52 week high of $46.51. The company has a quick ratio of 0.93, a current ratio of 1.39 and a debt-to-equity ratio of 0.84. The stock has a market capitalization of $1,251.02, a P/E ratio of 24.57 and a beta of 3.03.

In other news, Director Michael Marberry acquired 539 shares of the stock in a transaction dated Wednesday, November 1st. The stock was bought at an average price of $46.41 per share, with a total value of $25,014.99. Following the completion of the purchase, the director now directly owns 16,420 shares of the company’s stock, valued at approximately $762,052.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders bought 1,741 shares of company stock valued at $74,944 in the last ninety days. 2.70% of the stock is currently owned by insiders.

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AdvanSix Profile

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.

Institutional Ownership by Quarter for AdvanSix (NYSE:ASIX)

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