Empowered Funds LLC Acquires 7,670 Shares of AdvanSix Inc. (NYSE:ASIX)

Empowered Funds LLC boosted its holdings in shares of AdvanSix Inc. (NYSE:ASIX) by 5.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 158,122 shares of the company’s stock after purchasing an additional 7,670 shares during the quarter. Empowered Funds LLC owned about 0.59% of AdvanSix worth $4,505,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in ASIX. Copeland Capital Management LLC purchased a new stake in AdvanSix during the 3rd quarter valued at approximately $41,000. Quantbot Technologies LP boosted its position in shares of AdvanSix by 618.5% during 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 during the last quarter. Public Employees Retirement System of Ohio grew its stake in AdvanSix by 29.9% during the third 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 in the last quarter. Quadrature Capital Ltd bought a new stake in AdvanSix in the 3rd quarter valued at $204,000. Finally, Foundations Investment Advisors LLC purchased a new stake in AdvanSix in the 4th quarter worth $223,000. Institutional investors own 86.39% of the company’s stock.

Insider Activity

In related news, Director Donald P. Newman bought 5,030 shares of the business’s stock in a transaction dated Monday, November 18th. The shares were purchased at an average price of $29.64 per share, with a total value of $149,089.20. Following the transaction, the director now owns 5,030 shares in the company, valued at $149,089.20. This trade represents a ∞ increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Christopher Gramm sold 1,951 shares of the firm’s stock in a transaction on Monday, November 25th. The stock was sold at an average price of $32.00, for a total value of $62,432.00. Following the completion of the sale, the insider now owns 43,463 shares of the company’s stock, valued at approximately $1,390,816. This represents a 4.30 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 11,951 shares of company stock worth $354,132. 5.60% of the stock is currently owned by corporate insiders.

AdvanSix Price Performance

ASIX stock opened at $30.08 on Wednesday. AdvanSix Inc. has a 52 week low of $20.86 and a 52 week high of $33.00. The firm has a market capitalization of $804.04 million, a P/E ratio of 21.33 and a beta of 1.76. The company has a fifty day simple moving average of $29.95 and a two-hundred day simple moving average of $29.61. The company has a quick ratio of 0.62, a current ratio of 1.34 and a debt-to-equity ratio of 0.28.

Wall Street Analysts Forecast Growth

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

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.