Barings LLC Has $1,844,000 Position in AdvanSix Inc (ASIX)
Barings LLC held its stake in shares of AdvanSix Inc (NASDAQ:ASIX) during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 67,488 shares of the company’s stock at the end of the 2nd quarter. Barings LLC owned 0.22% of AdvanSix worth $1,844,000 at the end of the most recent quarter.
Other institutional investors have also made changes to their positions in the company. SG Americas Securities LLC purchased a new stake in shares of AdvanSix during the 2nd quarter valued at $100,000. Pacad Investment Ltd. increased its position in shares of AdvanSix by 16.7% during the 2nd quarter. Pacad Investment Ltd. now owns 3,500 shares of the company’s stock valued at $109,000 after purchasing an additional 500 shares during the last quarter. Pinebridge Investments L.P. increased its position in shares of AdvanSix by 13.6% during the 2nd quarter. Pinebridge Investments L.P. now owns 4,509 shares of the company’s stock valued at $141,000 after purchasing an additional 539 shares during the last quarter. Quantbot Technologies LP increased its position in shares of AdvanSix by 772.8% during the 2nd quarter. Quantbot Technologies LP now owns 4,783 shares of the company’s stock valued at $149,000 after purchasing an additional 4,235 shares during the last quarter. Finally, Private Advisor Group LLC purchased a new stake in shares of AdvanSix during the 2nd quarter valued at $227,000.
Shares of AdvanSix Inc (NASDAQ:ASIX) traded up 1.99% during midday trading on Monday, reaching $44.02. The company had a trading volume of 27,642 shares. The company’s 50-day moving average is $38.62 and its 200-day moving average is $38.62. The stock has a market capitalization of $1.34 billion and a PE ratio of 30.23. AdvanSix Inc has a 1-year low of $13.70 and a 1-year high of $44.11.
AdvanSix (NASDAQ:ASIX) last posted its earnings results on Thursday, August 10th. The company reported $0.83 earnings per share for the quarter, beating analysts’ consensus estimates of $0.66 by $0.17. AdvanSix had a return on equity of 40.03% and a net margin of 7.13%. The company had revenue of $361.44 million for the quarter. On average, equities research analysts forecast that AdvanSix Inc will post $2.83 EPS for the current year.
Several equities research analysts recently weighed in on the company. Cowen and Company lifted their price objective on AdvanSix from $40.00 to $46.00 and gave the stock an “outperform” rating in a report on Friday. BidaskClub raised AdvanSix from a “buy” rating to a “strong-buy” rating in a report on Saturday, September 23rd. Finally, Zacks Investment Research raised 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, September 12th.
AdvanSix Company Profile
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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