Public Employees Retirement System of Ohio Has $825,000 Position in AdvanSix Inc (ASIX)
Public Employees Retirement System of Ohio lessened its position in AdvanSix Inc (NASDAQ:ASIX) by 9.6% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 26,424 shares of the company’s stock after selling 2,797 shares during the period. Public Employees Retirement System of Ohio owned approximately 0.09% of AdvanSix worth $825,000 at the end of the most recent reporting period.
Several other hedge funds have also recently added to or reduced their stakes in the stock. The Manufacturers Life Insurance Company increased its holdings in shares of AdvanSix by 1,967.7% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 23,324 shares of the company’s stock worth $729,000 after acquiring an additional 22,196 shares during the period. Cubist Systematic Strategies LLC increased its holdings in shares of AdvanSix by 34.9% in the 2nd quarter. Cubist Systematic Strategies LLC now owns 10,657 shares of the company’s stock worth $333,000 after acquiring an additional 2,760 shares during the period. State Street Corp increased its holdings in shares of AdvanSix by 41.2% in the 2nd quarter. State Street Corp now owns 717,873 shares of the company’s stock worth $22,427,000 after acquiring an additional 209,636 shares during the period. Tudor Investment Corp ET AL acquired a new stake in shares of AdvanSix in the 2nd quarter worth about $302,000. Finally, HighTower Advisors LLC acquired a new stake in shares of AdvanSix in the 2nd quarter worth about $275,000.
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In related news, Director Michael Marberry bought 539 shares of the stock in a transaction on Wednesday, November 1st. The shares were purchased at an average price of $46.41 per share, with a total value of $25,014.99. Following the purchase, the director now owns 16,420 shares in the company, valued at $762,052.20. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In the last three months, insiders have acquired 1,946 shares of company stock worth $74,948.
Shares of AdvanSix Inc (NASDAQ ASIX) opened at $42.23 on Friday. AdvanSix Inc has a twelve month low of $15.18 and a twelve month high of $46.51.
AdvanSix (NASDAQ:ASIX) last released its earnings results on Thursday, August 10th. The company reported $0.83 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.66 by $0.17. The firm had revenue of $361.44 million for the quarter. AdvanSix had a net margin of 7.13% and a return on equity of 40.03%.
A number of analysts recently weighed in on the stock. BidaskClub cut shares of AdvanSix from a “strong-buy” rating to a “buy” rating in a report on Friday. Cowen and Company increased their price objective on shares of AdvanSix from $37.00 to $40.00 and gave the stock 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 on the stock in a report on Tuesday, September 12th.
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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