Teachers Advisors LLC Has $9.65 Million Position in AdvanSix Inc (ASIX)
Teachers Advisors LLC increased its stake in shares of AdvanSix Inc (NASDAQ:ASIX) by 922.2% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 308,758 shares of the company’s stock after buying an additional 278,553 shares during the quarter. Teachers Advisors LLC owned 1.01% of AdvanSix worth $9,646,000 at the end of the most recent quarter.
A number of other institutional investors also recently made changes to their positions in the stock. Pacad Investment Ltd. grew 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 in the last quarter. Symphony Asset Management LLC lifted its stake in AdvanSix by 4.1% during the 2nd quarter. Symphony Asset Management LLC now owns 20,063 shares of the company’s stock valued at $627,000 after acquiring an additional 784 shares in the last quarter. AGF Investments Inc. lifted its stake in AdvanSix by 1.7% during the 2nd quarter. AGF Investments Inc. now owns 65,603 shares of the company’s stock valued at $2,050,000 after acquiring an additional 1,111 shares in the last quarter. Great West Life Assurance Co. Can lifted its stake in AdvanSix by 3.9% during the 2nd quarter. Great West Life Assurance Co. Can now owns 45,170 shares of the company’s stock valued at $1,409,000 after acquiring an additional 1,699 shares in the last quarter. Finally, Legal & General Group Plc lifted its stake in AdvanSix by 5.2% during the 2nd quarter. Legal & General Group Plc now owns 54,805 shares of the company’s stock valued at $1,713,000 after acquiring an additional 2,731 shares in the last quarter.
ASIX has been the topic of a number of analyst reports. BidaskClub raised shares of AdvanSix from a “buy” rating to a “strong-buy” rating in a report on Saturday, September 23rd. 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, Cowen and Company increased their target price on shares of AdvanSix from $37.00 to $40.00 and gave the company an “outperform” rating in a report on Wednesday, September 6th.
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Shares of AdvanSix Inc (NASDAQ ASIX) opened at 41.23 on Wednesday. The firm has a 50-day moving average of $37.98 and a 200-day moving average of $37.98. AdvanSix Inc has a 12 month low of $13.70 and a 12 month high of $41.46. The company has a market capitalization of $1.26 billion and a P/E ratio of 28.32.
AdvanSix (NASDAQ:ASIX) last posted its quarterly earnings data on Thursday, August 10th. The company reported $0.83 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.66 by $0.17. The company 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 predict that AdvanSix Inc will post $2.83 earnings per share for the current year.
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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