Tudor Investment Corp ET AL Takes Position in AdvanSix Inc. (NYSE:ASIX)

Tudor Investment Corp ET AL purchased a new position in shares of AdvanSix Inc. (NYSE:ASIX) in the 4th quarter, Holdings Channel.com reports. The firm purchased 11,010 shares of the company’s stock, valued at approximately $314,000.

Several other hedge funds have also recently added to or reduced their stakes in ASIX. Price T Rowe Associates Inc. MD boosted its holdings in AdvanSix by 18.8% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 9,948 shares of the company’s stock valued at $284,000 after purchasing an additional 1,574 shares during the last quarter. State of Tennessee Department of Treasury lifted its holdings in AdvanSix by 61.5% in the fourth quarter. State of Tennessee Department of Treasury now owns 19,856 shares of the company’s stock valued at $566,000 after acquiring an additional 7,565 shares during the last quarter. Dimensional Fund Advisors LP grew its position in AdvanSix by 0.8% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,578,908 shares of the company’s stock worth $44,982,000 after acquiring an additional 12,793 shares during the period. GeoWealth Management LLC acquired a new stake in AdvanSix during the fourth quarter worth $221,000. Finally, CANADA LIFE ASSURANCE Co raised its position in AdvanSix by 7.6% in the fourth quarter. CANADA LIFE ASSURANCE Co now owns 26,601 shares of the company’s stock valued at $759,000 after purchasing an additional 1,880 shares during the period. 86.39% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at AdvanSix

In other AdvanSix news, SVP Achilles B. Kintiroglou sold 4,000 shares of AdvanSix stock in a transaction on Tuesday, April 1st. The shares were sold at an average price of $22.24, for a total value of $88,960.00. Following the transaction, the senior vice president now directly owns 36,363 shares in the company, valued at approximately $808,713.12. The trade was a 9.91 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 5.60% of the stock is owned by company insiders.

AdvanSix Trading Down 0.6 %

NYSE ASIX opened at $23.13 on Friday. AdvanSix Inc. has a 52 week low of $18.44 and a 52 week high of $33.00. The firm has a 50 day moving average of $22.14 and a two-hundred day moving average of $27.22. The company has a quick ratio of 0.49, a current ratio of 1.08 and a debt-to-equity ratio of 0.25. The stock has a market capitalization of $620.18 million, a PE ratio of 14.37 and a beta of 1.59.

AdvanSix (NYSE:ASIX) last issued its earnings results on Friday, February 21st. The company reported $0.03 earnings per share for the quarter, topping the consensus estimate of ($0.37) by $0.40. The business had revenue of $329.06 million for the quarter, compared to analyst estimates of $377.15 million. AdvanSix had a return on equity of 6.26% and a net margin of 2.91%. As a group, research analysts expect that AdvanSix Inc. will post 4 EPS for the current fiscal year.

AdvanSix Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 27th. Shareholders of record on Tuesday, May 13th will be paid a $0.16 dividend. This represents a $0.64 dividend on an annualized basis and a yield of 2.77%. The ex-dividend date of this dividend is Tuesday, May 13th. AdvanSix’s dividend payout ratio is currently 20.51%.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on ASIX shares. Piper Sandler lowered shares of AdvanSix from an “overweight” rating to a “neutral” rating and lowered their target price for the stock from $35.00 to $26.00 in a research note on Monday, April 7th. UBS Group set a $35.00 target price on shares of AdvanSix in a report on Tuesday, March 18th. Finally, StockNews.com lowered AdvanSix from a “buy” rating to a “hold” rating in a research report on Monday, March 24th.

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.