AdvanSix Inc (ASIX) Stake Increased by California Public Employees Retirement System
California Public Employees Retirement System lifted its stake in shares of AdvanSix Inc (NYSE:ASIX) by 10.8% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 99,815 shares of the company’s stock after buying an additional 9,699 shares during the quarter. California Public Employees Retirement System’s holdings in AdvanSix were worth $3,968,000 as of its most recent filing with the Securities & Exchange Commission.
Other hedge funds also recently made changes to their positions in the company. Schwab Charles Investment Management Inc. lifted its holdings in shares of AdvanSix by 127.7% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 179,836 shares of the company’s stock worth $5,619,000 after purchasing an additional 100,842 shares in the last quarter. SG Americas Securities LLC bought a new position in shares of AdvanSix in the 2nd quarter worth $100,000. Bank of New York Mellon Corp lifted its holdings in shares of AdvanSix by 3.0% in the 2nd quarter. Bank of New York Mellon Corp now owns 348,848 shares of the company’s stock worth $10,899,000 after purchasing an additional 10,005 shares in the last quarter. Legal & General Group Plc lifted its holdings in shares of AdvanSix by 5.2% in the 2nd quarter. Legal & General Group Plc now owns 54,805 shares of the company’s stock worth $1,713,000 after purchasing an additional 2,731 shares in the last quarter. Finally, Prudential Financial Inc. lifted its holdings in shares of AdvanSix by 34.5% in the 2nd quarter. Prudential Financial Inc. now owns 186,183 shares of the company’s stock worth $5,816,000 after purchasing an additional 47,728 shares in the last quarter. 71.30% of the stock is owned by institutional investors.
AdvanSix Inc (ASIX) opened at $43.15 on Friday. The company has a debt-to-equity ratio of 0.84, a quick ratio of 0.93 and a current ratio of 1.39. AdvanSix Inc has a 52 week low of $20.88 and a 52 week high of $46.51. The firm has a market capitalization of $1,310.00 and a price-to-earnings ratio of 27.14.
In related news, Director Michael Marberry acquired 539 shares of the company’s stock in a transaction on Wednesday, November 1st. The shares were acquired at an average cost of $46.41 per share, for a total transaction of $25,014.99. Following the purchase, the director now owns 16,420 shares in the company, valued at $762,052.20. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this link. Over the last 90 days, insiders have acquired 1,741 shares of company stock worth $74,988. Company insiders own 2.70% of the company’s stock.
A number of equities analysts recently issued reports on the company. ValuEngine upgraded AdvanSix from a “hold” rating to a “buy” rating in a report on Wednesday. Zacks Investment Research upgraded AdvanSix from a “sell” rating to a “hold” rating in a report on Tuesday, January 2nd. BidaskClub upgraded AdvanSix from a “buy” rating to a “strong-buy” rating in a report on Saturday, September 23rd. Finally, Cowen raised their price objective on AdvanSix from $40.00 to $46.00 and gave the company an “outperform” rating in a research note on Friday, October 6th.
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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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