Royce & Associates LP Acquires New Position in AdvanSix Inc (ASIX)

Royce & Associates LP acquired a new position in shares of AdvanSix Inc (NYSE:ASIX) in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 25,000 shares of the company’s stock, valued at approximately $994,000. Royce & Associates LP owned approximately 0.08% of AdvanSix at the end of the most recent reporting period.

A number of other institutional investors also recently added to or reduced their stakes in the business. UBS Asset Management Americas Inc. increased its stake in shares of AdvanSix by 5.8% in the second quarter. UBS Asset Management Americas Inc. now owns 9,132 shares of the company’s stock valued at $285,000 after buying an additional 498 shares in the last quarter. 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 in the last quarter. 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 in the last quarter. Symphony Asset Management LLC increased its stake in shares of AdvanSix by 4.1% in the second quarter. Symphony Asset Management LLC now owns 20,063 shares of the company’s stock valued at $627,000 after buying an additional 784 shares in the last quarter. Finally, AGF Investments Inc. increased its stake in shares of AdvanSix by 1.7% in the second quarter. AGF Investments Inc. now owns 65,603 shares of the company’s stock valued at $2,050,000 after buying an additional 1,111 shares in the last quarter. Hedge funds and other institutional investors own 71.30% of the company’s stock.

A number of analysts have recently weighed in on the company. Zacks Investment Research lowered AdvanSix from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, November 28th. Cowen raised their target price on AdvanSix from $40.00 to $46.00 and gave the company an “outperform” rating in a research note on Friday, October 6th. BidaskClub lowered AdvanSix from a “strong-buy” rating to a “buy” rating in a research note on Friday, November 10th. Finally, ValuEngine lowered AdvanSix from a “buy” rating to a “hold” rating in a research note on Friday, December 1st.

In other news, Director Michael Marberry purchased 539 shares of the firm’s stock in a transaction that occurred on Wednesday, November 1st. The shares were acquired at an average price of $46.41 per share, for a total transaction of $25,014.99. Following the completion of the acquisition, the director now directly owns 16,420 shares in the company, valued at $762,052.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In the last quarter, insiders purchased 2,366 shares of company stock worth $99,944. 2.70% of the stock is owned by company insiders.

AdvanSix Inc (NYSE ASIX) opened at $42.81 on Friday. The stock has a market capitalization of $1,301.01, a PE ratio of 27.10 and a beta of 2.84. AdvanSix Inc has a 1-year low of $20.88 and a 1-year 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.

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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.

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Institutional Ownership by Quarter for AdvanSix (NYSE:ASIX)

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