Erin N. Kane Sells 5,000 Shares of AdvanSix Inc. (NYSE:ASIX) Stock

AdvanSix Inc. (NYSE:ASIX) CEO Erin N. Kane sold 5,000 shares of the business’s stock in a transaction dated Monday, February 3rd. The shares were sold at an average price of $30.19, for a total transaction of $150,950.00. Following the completion of the sale, the chief executive officer now directly owns 502,795 shares of the company’s stock, valued at approximately $15,179,381.05. This trade represents a 0.98 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

AdvanSix Trading Down 2.2 %

NYSE ASIX opened at $30.33 on Thursday. The company’s 50-day simple moving average is $30.11 and its two-hundred day simple moving average is $29.53. AdvanSix Inc. has a one year low of $20.86 and a one year high of $33.00. The company has a market capitalization of $810.64 million, a price-to-earnings ratio of 21.51 and a beta of 1.76. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.62 and a current ratio of 1.34.

Hedge Funds Weigh In On AdvanSix

Institutional investors have recently bought and sold shares of the business. Wellington Management Group LLP increased its holdings in shares of AdvanSix by 48.6% in the 3rd quarter. Wellington Management Group LLP now owns 469,685 shares of the company’s stock valued at $14,269,000 after acquiring an additional 153,686 shares during the period. Oliver Luxxe Assets LLC purchased a new position in AdvanSix in the fourth quarter valued at about $1,403,000. Barclays PLC raised its holdings in AdvanSix by 319.2% in the third quarter. Barclays PLC now owns 42,952 shares of the company’s stock worth $1,305,000 after purchasing an additional 32,706 shares in the last quarter. JPMorgan Chase & Co. lifted its position in shares of AdvanSix by 14.6% during the third quarter. JPMorgan Chase & Co. now owns 104,584 shares of the company’s stock valued at $3,177,000 after buying an additional 13,316 shares during the last quarter. Finally, Jane Street Group LLC boosted its holdings in shares of AdvanSix by 162.8% in the 3rd quarter. Jane Street Group LLC now owns 51,513 shares of the company’s stock valued at $1,565,000 after buying an additional 31,915 shares in the last quarter. 86.39% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on ASIX shares. Piper Sandler boosted their price target on AdvanSix from $35.00 to $39.00 and gave the company an “overweight” rating in a report on Friday, November 8th. StockNews.com upgraded AdvanSix from a “hold” rating to a “buy” rating in a report on Wednesday, December 4th.

AdvanSix Company Profile

AdvanSix Inc engages in the manufacture and sale of polymer resins in the United States and internationally. It offers Nylon 6, a polymer resin, which is a synthetic material used to produce fibers, filaments, engineered plastics, and films. The company also provides caprolactam to manufacture polymer resins; ammonium sulfate fertilizers to distributors, farm cooperatives, and retailers; and acetone that are used in the production of adhesives, paints, coatings, solvents, herbicides, and engineered plastic resins, as well as other intermediate chemicals, including phenol, monoisopropylamine, dipropylamine, monoallylamine, alpha-methylstyrene, cyclohexanone, methyl ethyl ketoxime, acetaldehyde oxime, 2-pentanone oxime, cyclohexanol, sulfuric acid, ammonia, and carbon dioxide.