Hotchkis & Wiley Capital Management LLC Lowers Stock Holdings in AdvanSix Inc. (NYSE:ASIX)

Hotchkis & Wiley Capital Management LLC trimmed its position in AdvanSix Inc. (NYSE:ASIX - Free Report) by 30.8% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 241,390 shares of the company's stock after selling 107,510 shares during the period. Hotchkis & Wiley Capital Management LLC owned approximately 0.90% of AdvanSix worth $7,333,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of ASIX. Centiva Capital LP acquired a new stake in shares of AdvanSix in the 3rd quarter worth $315,000. BNP Paribas Financial Markets raised its stake in AdvanSix by 120.0% in the third quarter. BNP Paribas Financial Markets now owns 18,855 shares of the company's stock valued at $573,000 after buying an additional 10,284 shares during the last quarter. Quantbot Technologies LP boosted its holdings in AdvanSix by 618.5% in the third quarter. Quantbot Technologies LP now owns 4,361 shares of the company's stock worth $132,000 after acquiring an additional 3,754 shares in the last quarter. FMR LLC grew its stake in shares of AdvanSix by 86.2% during the third quarter. FMR LLC now owns 565,982 shares of the company's stock worth $17,195,000 after acquiring an additional 261,964 shares during the last quarter. Finally, Algert Global LLC increased its holdings in shares of AdvanSix by 20.5% during the third quarter. Algert Global LLC now owns 71,298 shares of the company's stock valued at $2,166,000 after acquiring an additional 12,145 shares in the last quarter. 86.39% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several analysts have weighed in on ASIX shares. Piper Sandler boosted their target price on shares of AdvanSix from $35.00 to $39.00 and gave the stock an "overweight" rating in a research report on Friday, November 8th. StockNews.com raised shares of AdvanSix from a "hold" rating to a "buy" rating in a report on Wednesday.

Insider Activity at AdvanSix

In other news, Director Donald P. Newman bought 5,030 shares of the firm's stock in a transaction that occurred on Monday, November 18th. The stock was purchased at an average cost of $29.64 per share, for a total transaction of $149,089.20. Following the purchase, the director now directly owns 5,030 shares in the company, valued at approximately $149,089.20. This trade represents a ∞ increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Christopher Gramm sold 2,435 shares of the stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $32.00, for a total transaction of $77,920.00. Following the sale, the insider now directly owns 43,463 shares in the company, valued at $1,390,816. This trade represents a 5.31 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 15,369 shares of company stock worth $474,058 over the last three months. Company insiders own 5.60% of the company's stock.

AdvanSix Stock Performance

Shares of AdvanSix stock traded down $0.51 on Thursday, reaching $31.65. 93,591 shares of the stock were exchanged, compared to its average volume of 140,992. AdvanSix Inc. has a twelve month low of $20.86 and a twelve month high of $33.00. The business has a 50 day moving average price of $30.47 and a two-hundred day moving average price of $27.46. The company has a quick ratio of 0.62, a current ratio of 1.34 and a debt-to-equity ratio of 0.28. The firm has a market capitalization of $846.00 million, a price-to-earnings ratio of 22.52 and a beta of 1.73.

AdvanSix Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, November 26th. Investors of record on Tuesday, November 12th were issued a dividend of $0.16 per share. The ex-dividend date of this dividend was Tuesday, November 12th. This represents a $0.64 annualized dividend and a dividend yield of 2.02%. AdvanSix's dividend payout ratio (DPR) is presently 45.39%.

About AdvanSix

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.