AdvanSix Inc. (NYSE:ASIX) CEO Erin N. Kane Sells 5,000 Shares

AdvanSix Inc. (NYSE:ASIX) CEO Erin N. Kane sold 5,000 shares of the firm’s stock in a transaction on Monday, February 3rd. The stock was sold at an average price of $30.19, for a total value of $150,950.00. Following the transaction, the chief executive officer now owns 502,795 shares in the company, valued at $15,179,381.05. The trade was a 0.98 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

AdvanSix Stock Up 1.6 %

AdvanSix stock opened at $31.03 on Wednesday. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.34 and a quick ratio of 0.62. The stock has a market capitalization of $829.49 million, a price-to-earnings ratio of 22.01 and a beta of 1.76. AdvanSix Inc. has a 1-year low of $20.86 and a 1-year high of $33.00. The business has a fifty day moving average price of $30.14 and a 200-day moving average price of $29.52.

Institutional Trading of AdvanSix

A number of institutional investors have recently made changes to their positions in ASIX. AQR Capital Management LLC boosted its position in shares of AdvanSix by 12.7% in the 2nd quarter. AQR Capital Management LLC now owns 135,113 shares of the company’s stock worth $3,097,000 after purchasing an additional 15,242 shares in the last quarter. Millennium Management LLC boosted its position in shares of AdvanSix by 83.8% in the 2nd quarter. Millennium Management LLC now owns 139,277 shares of the company’s stock worth $3,192,000 after purchasing an additional 63,489 shares in the last quarter. Point72 Asset Management L.P. acquired a new stake in shares of AdvanSix in the 2nd quarter worth $55,000. SG Americas Securities LLC acquired a new stake in AdvanSix during the 3rd quarter worth about $285,000. Finally, Saxon Interests Inc. acquired a new stake in AdvanSix during the 3rd quarter worth about $213,000. Institutional investors and hedge funds own 86.39% of the company’s stock.

Analyst Ratings Changes

ASIX has been the topic of several recent research reports. Piper Sandler increased their target price on AdvanSix from $35.00 to $39.00 and gave the company an “overweight” rating in a research report on Friday, November 8th. StockNews.com raised AdvanSix from a “hold” rating to a “buy” rating in a research report on Wednesday, December 4th.

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.