AdvanSix Inc (NASDAQ:ASIX) Director Michael Marberry bought 625 shares of AdvanSix stock in a transaction that occurred on Monday, October 2nd. The shares were acquired at an average cost of $39.93 per share, for a total transaction of $24,956.25. Following the completion of the transaction, the director now directly owns 15,881 shares in the company, valued at $634,128.33. The transaction was disclosed in a filing with the SEC, which is available at this link.

Michael Marberry also recently made the following trade(s):

  • On Friday, September 1st, Michael Marberry purchased 782 shares of AdvanSix stock. The stock was acquired at an average price of $31.94 per share, with a total value of $24,977.08.
  • On Tuesday, August 1st, Michael Marberry purchased 744 shares of AdvanSix stock. The stock was acquired at an average cost of $33.56 per share, with a total value of $24,968.64.

AdvanSix Inc (NASDAQ:ASIX) opened at 41.65 on Wednesday. The firm’s 50-day moving average is $37.98 and its 200-day moving average is $37.98. AdvanSix Inc has a 52 week low of $13.70 and a 52 week high of $41.65. The firm has a market cap of $1.27 billion and a price-to-earnings ratio of 28.61.

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 return on equity of 40.03% and a net margin of 7.13%. On average, equities analysts anticipate that AdvanSix Inc will post $2.83 earnings per share for the current year.

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ASIX has been the topic of a number of research analyst reports. BidaskClub upgraded AdvanSix from a “hold” rating to a “buy” rating in a research note on Friday, September 15th. Cowen and Company upped their price objective on shares of AdvanSix from $37.00 to $40.00 and gave the company an “outperform” rating in a report on Wednesday, September 6th. Finally, Zacks Investment Research raised shares of AdvanSix from a “hold” rating to a “strong-buy” rating and set a $39.00 price objective for the company in a research report on Tuesday, September 12th.

A number of hedge funds have recently bought and sold shares of the stock. Dynamic Technology Lab Private Ltd purchased a new stake in AdvanSix during the second quarter worth approximately $661,000. WINTON GROUP Ltd boosted its holdings in AdvanSix by 43.7% in the second quarter. WINTON GROUP Ltd now owns 50,267 shares of the company’s stock valued at $1,570,000 after purchasing an additional 15,281 shares in the last quarter. The Manufacturers Life Insurance Company boosted its holdings in AdvanSix by 1,967.7% in the second quarter. The Manufacturers Life Insurance Company now owns 23,324 shares of the company’s stock valued at $729,000 after purchasing an additional 22,196 shares in the last quarter. Cubist Systematic Strategies LLC boosted its holdings in AdvanSix by 34.9% in the second quarter. Cubist Systematic Strategies LLC now owns 10,657 shares of the company’s stock valued at $333,000 after purchasing an additional 2,760 shares in the last quarter. Finally, State Street Corp increased its stake in AdvanSix by 41.2% in the second quarter. State Street Corp now owns 717,873 shares of the company’s stock valued at $22,427,000 after purchasing an additional 209,636 shares during the last quarter.

About AdvanSix

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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