JPMorgan Chase & Co. Has $36.41 Million Holdings in AdvanSix Inc (ASIX)
JPMorgan Chase & Co. lowered its stake in shares of AdvanSix Inc (NASDAQ:ASIX) by 30.3% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,165,509 shares of the company’s stock after selling 506,088 shares during the period. JPMorgan Chase & Co. owned 3.82% of AdvanSix worth $36,409,000 as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors also recently bought and sold shares of the company. SG Americas Securities LLC purchased a new stake in AdvanSix during the second quarter worth $100,000. Pacad Investment Ltd. lifted its holdings in AdvanSix by 16.7% during the second quarter. Pacad Investment Ltd. now owns 3,500 shares of the company’s stock worth $109,000 after buying an additional 500 shares during the period. Trexquant Investment LP purchased a new stake in AdvanSix during the second quarter worth $372,000. Sei Investments Co. lifted its holdings in AdvanSix by 69.4% during the second quarter. Sei Investments Co. now owns 15,836 shares of the company’s stock worth $494,000 after buying an additional 6,490 shares during the period. Finally, Texas Permanent School Fund purchased a new stake in AdvanSix during the second quarter worth $694,000.
Shares of AdvanSix Inc (ASIX) opened at 36.55 on Friday. AdvanSix Inc has a one year low of $13.70 and a one year high of $36.75. The stock has a market cap of $1.11 billion and a price-to-earnings ratio of 25.10. The stock’s 50 day moving average price is $35.19 and its 200 day moving average price is $31.95.
AdvanSix (NASDAQ:ASIX) last released its quarterly earnings data on Thursday, August 10th. The company reported $0.83 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.66 by $0.17. The business had revenue of $361.44 million during the quarter. AdvanSix had a net margin of 7.13% and a return on equity of 40.03%. Analysts forecast that AdvanSix Inc will post $2.83 earnings per share for the current year.
Several analysts have recently commented on ASIX shares. Cowen and Company started coverage on AdvanSix in a report on Friday, June 23rd. They set an “outperform” rating and a $37.00 price objective for the company. Zacks Investment Research upgraded AdvanSix from a “hold” rating to a “strong-buy” rating and set a $39.00 price objective for the company in a report on Tuesday. Finally, BidaskClub upgraded AdvanSix from a “hold” rating to a “buy” rating in a report on Friday.
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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