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

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 shares were sold at an average price of $30.19, for a total transaction of $150,950.00. Following the completion of the transaction, the chief executive officer now directly owns 502,795 shares of the company’s stock, valued at approximately $15,179,381.05. The trade was a 0.98 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

AdvanSix Price Performance

Shares of AdvanSix stock traded up $0.49 during trading on Tuesday, hitting $31.03. 91,246 shares of the stock traded hands, compared to its average volume of 129,288. The stock has a market cap of $829.49 million, a price-to-earnings ratio of 22.01 and a beta of 1.76. The company has a quick ratio of 0.62, a current ratio of 1.34 and a debt-to-equity ratio of 0.28. AdvanSix Inc. has a 52 week low of $20.86 and a 52 week high of $33.00. The firm’s fifty day moving average is $30.15 and its 200-day moving average is $29.49.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on ASIX shares. StockNews.com raised AdvanSix from a “hold” rating to a “buy” rating in a research note on Wednesday, December 4th. Piper Sandler boosted their price objective on AdvanSix from $35.00 to $39.00 and gave the stock an “overweight” rating in a report on Friday, November 8th.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in ASIX. Copeland Capital Management LLC bought a new position in shares of AdvanSix during the 3rd quarter valued at $41,000. Point72 Asset Management L.P. bought a new position in shares of AdvanSix during the second quarter valued at about $55,000. Quantbot Technologies LP grew its stake in shares of AdvanSix by 618.5% during the third quarter. Quantbot Technologies LP now owns 4,361 shares of the company’s stock valued at $132,000 after buying an additional 3,754 shares during the last quarter. Public Employees Retirement System of Ohio lifted its stake in shares of AdvanSix by 29.9% in the 3rd quarter. Public Employees Retirement System of Ohio now owns 6,067 shares of the company’s stock valued at $184,000 after acquiring an additional 1,396 shares during the last quarter. Finally, Quadrature Capital Ltd bought a new stake in shares of AdvanSix in the 3rd quarter valued at about $204,000. 86.39% of the stock is owned by hedge funds and other institutional investors.

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.