11,900 Shares in AdvanSix Inc (ASIX) Acquired by Trexquant Investment LP
Trexquant Investment LP acquired a new stake in AdvanSix Inc (NASDAQ:ASIX) during the second quarter, Holdings Channel reports. The fund acquired 11,900 shares of the company’s stock, valued at approximately $372,000.
A number of other large investors have also recently bought and sold shares of ASIX. Sei Investments Co. boosted its stake in AdvanSix by 69.4% in the second quarter. Sei Investments Co. now owns 15,836 shares of the company’s stock valued at $494,000 after buying an additional 6,490 shares in the last quarter. Texas Permanent School Fund purchased a new stake in AdvanSix during the second quarter valued at $694,000. Great West Life Assurance Co. Can boosted its stake in AdvanSix by 3.9% in the second quarter. Great West Life Assurance Co. Can now owns 45,170 shares of the company’s stock valued at $1,409,000 after buying an additional 1,699 shares in the last quarter. Russell Investments Group Ltd. boosted its stake in AdvanSix by 117.2% in the second quarter. Russell Investments Group Ltd. now owns 147,395 shares of the company’s stock valued at $4,605,000 after buying an additional 79,529 shares in the last quarter. Finally, Spark Investment Management LLC boosted its stake in AdvanSix by 261.0% in the second quarter. Spark Investment Management LLC now owns 357,000 shares of the company’s stock valued at $11,152,000 after buying an additional 258,100 shares in the last quarter.
AdvanSix Inc (NASDAQ ASIX) opened at 32.04 on Wednesday. The firm has a market cap of $976.64 million and a P/E ratio of 22.01. AdvanSix Inc has a 52 week low of $12.00 and a 52 week high of $34.87. The firm’s 50-day moving average price is $33.14 and its 200 day moving average price is $29.04.
AdvanSix (NASDAQ:ASIX) last issued its earnings results on Thursday, August 10th. The company reported $0.83 EPS for the quarter, topping the consensus estimate of $0.66 by $0.17. AdvanSix had a return on equity of 47.63% and a net margin of 7.25%. The business had revenue of $361.44 million during the quarter. Equities analysts forecast that AdvanSix Inc will post $2.75 earnings per share for the current fiscal year.
Separately, Cowen and Company began coverage on AdvanSix in a research note on Friday, June 23rd. They set an “outperform” rating and a $37.00 target price for the company.
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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