AdvanSix Inc. (NYSE:ASIX) Shares Sold by EMC Capital Management

EMC Capital Management cut its holdings in AdvanSix Inc. (NYSE:ASIX - Free Report) by 66.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 9,460 shares of the company's stock after selling 18,409 shares during the quarter. EMC Capital Management's holdings in AdvanSix were worth $270,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Geode Capital Management LLC boosted its position in shares of AdvanSix by 1.5% during the 3rd quarter. Geode Capital Management LLC now owns 598,485 shares of the company's stock worth $18,186,000 after purchasing an additional 8,903 shares in the last quarter. FMR LLC boosted its holdings in 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 buying an additional 261,964 shares in the last quarter. Wellington Management Group LLP grew its position in AdvanSix by 48.6% during the third quarter. Wellington Management Group LLP now owns 469,685 shares of the company's stock worth $14,269,000 after buying an additional 153,686 shares during the period. Donald Smith & CO. Inc. increased its holdings in AdvanSix by 5.0% in the third quarter. Donald Smith & CO. Inc. now owns 176,996 shares of the company's stock valued at $5,377,000 after buying an additional 8,396 shares in the last quarter. Finally, Empowered Funds LLC lifted its position in shares of AdvanSix by 5.3% during the 3rd quarter. Empowered Funds LLC now owns 150,452 shares of the company's stock valued at $4,571,000 after acquiring an additional 7,638 shares during the period. Institutional investors and hedge funds own 86.39% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on the company. Piper Sandler raised their price objective on AdvanSix from $35.00 to $39.00 and gave the company an "overweight" rating in a research note on Friday, November 8th. StockNews.com upgraded AdvanSix from a "hold" rating to a "buy" rating in a research report on Wednesday, December 4th.

AdvanSix Price Performance

Shares of ASIX stock traded down $0.75 during trading hours on Monday, hitting $30.53. The company's stock had a trading volume of 112,940 shares, compared to its average volume of 128,267. The company has a current ratio of 1.34, a quick ratio of 0.62 and a debt-to-equity ratio of 0.28. AdvanSix Inc. has a twelve month low of $20.86 and a twelve month high of $33.00. The stock has a market cap of $816.20 million, a price-to-earnings ratio of 21.67 and a beta of 1.76. The business has a fifty day moving average of $30.19 and a 200-day moving average of $29.46.

Insider Buying and Selling at AdvanSix

In other news, insider Christopher Gramm sold 2,435 shares of the business's stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $32.00, for a total value of $77,920.00. Following the completion of the transaction, the insider now owns 43,463 shares of the company's stock, valued at $1,390,816. The trade was a 5.31 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Donald P. Newman acquired 5,030 shares of AdvanSix stock in a transaction that occurred on Monday, November 18th. The shares were 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 of the company's stock, valued at approximately $149,089.20. This trade represents a ∞ increase in their position. The disclosure for this purchase can be found here. In the last 90 days, insiders have sold 9,386 shares of company stock worth $281,102. 5.60% of the stock is owned by insiders.

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.