Versor Investments LP Boosts Position in AdvanSix $ASIX

Versor Investments LP lifted its stake in shares of AdvanSix (NYSE:ASIX) by 48.7% in the 2nd quarter, Holdings Channel reports. The institutional investor owned 21,295 shares of the company’s stock after acquiring an additional 6,970 shares during the quarter. Versor Investments LP’s holdings in AdvanSix were worth $506,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of ASIX. GAMMA Investing LLC boosted its holdings in shares of AdvanSix by 149.5% in the 1st quarter. GAMMA Investing LLC now owns 1,966 shares of the company’s stock valued at $45,000 after buying an additional 1,178 shares in the last quarter. New York State Teachers Retirement System lifted its position in AdvanSix by 6.0% in the first quarter. New York State Teachers Retirement System now owns 50,496 shares of the company’s stock valued at $1,144,000 after acquiring an additional 2,837 shares during the last quarter. Teacher Retirement System of Texas lifted its position in AdvanSix by 35.0% in the first quarter. Teacher Retirement System of Texas now owns 51,692 shares of the company’s stock valued at $1,171,000 after acquiring an additional 13,391 shares during the last quarter. Principal Financial Group Inc. lifted its holdings in shares of AdvanSix by 2.7% in the 1st quarter. Principal Financial Group Inc. now owns 133,030 shares of the company’s stock valued at $3,013,000 after purchasing an additional 3,479 shares during the last quarter. Finally, Victory Capital Management Inc. lifted its holdings in shares of AdvanSix by 0.6% in the 1st quarter. Victory Capital Management Inc. now owns 2,407,512 shares of the company’s stock valued at $54,530,000 after purchasing an additional 15,367 shares during the last quarter. Institutional investors and hedge funds own 86.39% of the company’s stock.

AdvanSix Stock Down 0.7%

ASIX opened at $18.61 on Wednesday. The business has a 50 day moving average price of $20.14 and a two-hundred day moving average price of $21.61. The company has a quick ratio of 0.66, a current ratio of 1.35 and a debt-to-equity ratio of 0.29. The company has a market cap of $499.39 million, a PE ratio of 6.55 and a beta of 1.72. AdvanSix has a 52 week low of $17.97 and a 52 week high of $33.00.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on the company. Wall Street Zen downgraded AdvanSix from a “buy” rating to a “hold” rating in a report on Sunday, August 10th. Weiss Ratings reiterated a “hold (c-)” rating on shares of AdvanSix in a research note on Wednesday, October 8th. One analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $33.50.

AdvanSix Company Profile

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