Bank of New York Mellon Corp Sells 7,883 Shares of AdvanSix Inc (ASIX)

Bank of New York Mellon Corp reduced its position in AdvanSix Inc (NYSE:ASIX) by 2.3% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 340,965 shares of the company’s stock after selling 7,883 shares during the period. Bank of New York Mellon Corp owned approximately 1.12% of AdvanSix worth $13,554,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. SG Americas Securities LLC purchased a new stake in AdvanSix in the 2nd quarter valued at $100,000. Pacad Investment Ltd. raised its position in AdvanSix by 16.7% in the 2nd 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 last quarter. Pinebridge Investments L.P. raised its position in AdvanSix by 13.6% in the 2nd 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 last quarter. Quantbot Technologies LP raised its position in AdvanSix by 772.8% in the 2nd 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 last quarter. Finally, Flagship Harbor Advisors LLC purchased a new stake in AdvanSix in the 3rd quarter valued at $240,000. Institutional investors own 71.30% of the company’s stock.

In other AdvanSix news, Director Michael Marberry bought 539 shares of the firm’s stock in a transaction dated Wednesday, November 1st. The stock was purchased at an average cost of $46.41 per share, with a total value of $25,014.99. Following the transaction, the director now directly owns 16,420 shares in the company, valued at approximately $762,052.20. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Over the last ninety days, insiders have bought 2,366 shares of company stock valued at $99,944. Insiders own 2.70% of the company’s stock.

ASIX has been the subject of a number of analyst reports. Zacks Investment Research lowered AdvanSix from a “hold” rating to a “sell” rating in a research report on Wednesday. Cowen increased their price target on AdvanSix from $37.00 to $40.00 and gave the company an “outperform” rating in a research report on Wednesday, September 6th. BidaskClub raised AdvanSix from a “hold” rating to a “buy” rating in a research report on Friday, September 15th. Finally, ValuEngine lowered AdvanSix from a “buy” rating to a “hold” rating in a research report on Friday, December 1st.

Shares of AdvanSix Inc (NYSE ASIX) opened at $42.68 on Friday. AdvanSix Inc has a 12-month low of $20.88 and a 12-month high of $46.51. The stock has a market capitalization of $1,297.66, a price-to-earnings ratio of 25.49 and a beta of 2.84. The company has a debt-to-equity ratio of 0.84, a quick ratio of 0.93 and a current ratio of 1.39.

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AdvanSix Company 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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