AGF Investments Inc. Acquires 4,079 Shares of AdvanSix Inc (ASIX)
AGF Investments Inc. raised its holdings in shares of AdvanSix Inc (NYSE:ASIX) by 6.2% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 69,682 shares of the company’s stock after purchasing an additional 4,079 shares during the quarter. AGF Investments Inc. owned 0.23% of AdvanSix worth $2,770,000 as of its most recent SEC filing.
A number of other hedge funds have also made changes to their positions in ASIX. BlackRock Inc. increased its stake in AdvanSix by 27.9% during the 2nd quarter. BlackRock Inc. now owns 4,055,127 shares of the company’s stock valued at $126,680,000 after purchasing an additional 884,435 shares in the last quarter. Teachers Advisors LLC grew its stake in shares of AdvanSix by 922.2% in the 2nd quarter. Teachers Advisors LLC now owns 308,758 shares of the company’s stock worth $9,646,000 after acquiring an additional 278,553 shares in the last quarter. Spark Investment Management LLC grew its stake in shares of AdvanSix by 261.0% in the 2nd quarter. Spark Investment Management LLC now owns 357,000 shares of the company’s stock worth $11,152,000 after acquiring an additional 258,100 shares in the last quarter. Vanguard Group Inc. grew its stake in shares of AdvanSix by 16.1% in the 2nd quarter. Vanguard Group Inc. now owns 1,806,649 shares of the company’s stock worth $56,440,000 after acquiring an additional 250,688 shares in the last quarter. Finally, Northern Trust Corp grew its stake in shares of AdvanSix by 126.4% in the 2nd quarter. Northern Trust Corp now owns 382,623 shares of the company’s stock worth $11,953,000 after acquiring an additional 213,652 shares in the last quarter. Institutional investors and hedge funds own 71.32% of the company’s stock.
In other news, Director Michael Marberry bought 539 shares of AdvanSix stock in a transaction dated Wednesday, November 1st. The stock was purchased at an average price of $46.41 per share, for a total transaction of $25,014.99. Following the purchase, the director now directly owns 16,420 shares in the company, valued at approximately $762,052.20. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. In the last quarter, insiders bought 1,946 shares of company stock valued at $74,948. Company insiders own 2.70% of the company’s stock.
Shares of AdvanSix Inc (ASIX) opened at $43.71 on Wednesday. AdvanSix Inc has a one year low of $18.63 and a one 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. The stock has a market cap of $1,310.46, a price-to-earnings ratio of 25.74 and a beta of 3.87.
Several analysts have recently issued reports on ASIX shares. Cowen upped their target price on shares of AdvanSix from $40.00 to $46.00 and gave the stock an “outperform” rating in a research note on Friday, October 6th. Zacks Investment Research upgraded shares of AdvanSix from a “hold” rating to a “strong-buy” rating and set a $39.00 target price for the company in a research note on Tuesday, September 12th. Finally, BidaskClub lowered shares of AdvanSix from a “strong-buy” rating to a “buy” rating in a research note on Friday, November 10th.
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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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