WINTON GROUP Ltd Sells 7,805 Shares of AdvanSix Inc (ASIX)

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WINTON GROUP Ltd lowered its stake in AdvanSix Inc (NYSE:ASIX) by 1.6% during the third quarter, HoldingsChannel reports. The institutional investor owned 472,126 shares of the company’s stock after selling 7,805 shares during the period. WINTON GROUP Ltd’s holdings in AdvanSix were worth $16,029,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Itau Unibanco Holding S.A. purchased a new stake in AdvanSix in the 2nd quarter valued at approximately $134,000. Acadian Asset Management LLC purchased a new stake in AdvanSix in the 3rd quarter valued at approximately $150,000. Meeder Asset Management Inc. lifted its stake in AdvanSix by 148.9% in the 2nd quarter. Meeder Asset Management Inc. now owns 4,142 shares of the company’s stock valued at $152,000 after buying an additional 2,478 shares in the last quarter. Dynamic Technology Lab Private Ltd purchased a new stake in AdvanSix in the 1st quarter valued at approximately $202,000. Finally, Stevens Capital Management LP purchased a new stake in AdvanSix in the 2nd quarter valued at approximately $204,000. 77.24% of the stock is currently owned by hedge funds and other institutional investors.

ASIX stock opened at $27.57 on Wednesday. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.70 and a current ratio of 1.17. The company has a market capitalization of $767.68 million, a P/E ratio of 9.19 and a beta of 1.68. AdvanSix Inc has a 1 year low of $22.84 and a 1 year high of $45.89.

AdvanSix (NYSE:ASIX) last issued its quarterly earnings results on Friday, November 2nd. The company reported $0.18 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.27 by ($0.09). The business had revenue of $368.65 million during the quarter, compared to analyst estimates of $376.45 million. AdvanSix had a net margin of 7.86% and a return on equity of 16.18%. The company’s revenue was up .5% on a year-over-year basis. During the same quarter last year, the firm posted $0.68 earnings per share. Analysts expect that AdvanSix Inc will post 2.53 earnings per share for the current year.

ASIX has been the topic of a number of recent research reports. ValuEngine lowered AdvanSix from a “hold” rating to a “sell” rating in a research note on Friday, September 28th. Zacks Investment Research raised AdvanSix from a “sell” rating to a “hold” rating in a research note on Thursday, August 30th. Finally, TheStreet raised AdvanSix from a “c” rating to a “b-” rating in a research note on Tuesday, September 18th. One investment analyst has rated the stock with a sell rating, one has given a hold rating and two have assigned a buy rating to the stock. AdvanSix presently has an average rating of “Hold” and an average target price of $41.50.

In other AdvanSix news, Director Michael Marberry purchased 1,434 shares of the business’s stock in a transaction on Monday, September 10th. The stock was bought at an average cost of $34.94 per share, for a total transaction of $50,103.96. Following the acquisition, the director now owns 29,116 shares of the company’s stock, valued at approximately $1,017,313.04. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.22% of the company’s stock.

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AdvanSix Profile

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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Institutional Ownership by Quarter for AdvanSix (NYSE:ASIX)

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