AdvanSix Inc (NYSE:ASIX) Director Sharon Spurlin purchased 2,694 shares of AdvanSix stock in a transaction on Tuesday, December 10th. The stock was bought at an average price of $19.74 per share, for a total transaction of $53,179.56. Following the transaction, the director now directly owns 22,510 shares in the company, valued at approximately $444,347.40. The purchase was disclosed in a filing with the SEC, which is accessible through this link.

Shares of NYSE ASIX traded up $0.16 during trading on Friday, reaching $20.41. The company had a trading volume of 579 shares, compared to its average volume of 152,683. The company’s fifty day moving average price is $21.63 and its 200-day moving average price is $23.79. AdvanSix Inc has a 12 month low of $19.13 and a 12 month high of $34.92. The stock has a market cap of $541.50 million, a P/E ratio of 9.69 and a beta of 1.84. The company has a quick ratio of 0.45, a current ratio of 1.01 and a debt-to-equity ratio of 0.88.

AdvanSix (NYSE:ASIX) last released its quarterly earnings results on Friday, November 1st. The company reported $0.28 EPS for the quarter, missing analysts’ consensus estimates of $0.51 by ($0.23). AdvanSix had a net margin of 4.73% and a return on equity of 15.31%. The company had revenue of $310.60 million during the quarter, compared to the consensus estimate of $337.03 million. During the same quarter last year, the firm posted $0.18 EPS. The company’s quarterly revenue was down 15.8% on a year-over-year basis. As a group, equities analysts predict that AdvanSix Inc will post 1.87 earnings per share for the current year.

Several institutional investors have recently made changes to their positions in ASIX. Nuveen Asset Management LLC bought a new stake in shares of AdvanSix during the 2nd quarter valued at about $4,446,000. Morgan Stanley boosted its position in shares of AdvanSix by 217.4% during the 2nd quarter. Morgan Stanley now owns 163,028 shares of the company’s stock valued at $3,983,000 after purchasing an additional 111,670 shares in the last quarter. AltraVue Capital LLC boosted its position in shares of AdvanSix by 214.1% during the 2nd quarter. AltraVue Capital LLC now owns 132,681 shares of the company’s stock valued at $3,241,000 after purchasing an additional 90,441 shares in the last quarter. Firefly Value Partners LP boosted its position in shares of AdvanSix by 3.1% during the 2nd quarter. Firefly Value Partners LP now owns 2,480,602 shares of the company’s stock valued at $60,601,000 after purchasing an additional 75,000 shares in the last quarter. Finally, LSV Asset Management boosted its position in shares of AdvanSix by 56.9% during the 2nd quarter. LSV Asset Management now owns 136,954 shares of the company’s stock valued at $3,345,000 after purchasing an additional 49,650 shares in the last quarter. Institutional investors own 82.00% of the company’s stock.

A number of research firms have commented on ASIX. Zacks Investment Research lowered AdvanSix from a “hold” rating to a “strong sell” rating in a research report on Wednesday, November 6th. CL King began coverage on AdvanSix in a research report on Thursday, August 15th. They issued a “neutral” rating on the stock. Cowen reduced their price target on AdvanSix from $24.00 to $20.00 and set a “market perform” rating on the stock in a research report on Tuesday, November 19th. Finally, ValuEngine lowered AdvanSix from a “hold” rating to a “sell” rating in a research report on Saturday, October 19th.

About AdvanSix

AdvanSix Inc manufactures and sells polymer resins. It offers Nylon 6, a polymer resin, which is a synthetic material used to produce engineered plastics, fibers, filaments, and films. The company also provides caprolactam to manufacture polymer resins; ammonium sulfate fertilizers to distributors, farm cooperatives, and retailers; and acetone, which is used by customers in the production of adhesives, paints, coatings, solvents, herbicides, and other engineered plastic resins, as well as other intermediate chemicals, including phenol, alpha-methylstyrene, cyclohexanone, methyl ethyl ketoxime, cyclohexanol, acetaldehyde oxime, 2-pentanone oxime, sulfuric acid, ammonia, and carbon dioxide.

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