Teacher Retirement System of Texas Has $1.39 Million Holdings in AdvanSix $ASIX

Teacher Retirement System of Texas grew its stake in shares of AdvanSix (NYSE:ASIX) by 13.1% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 58,447 shares of the company’s stock after acquiring an additional 6,755 shares during the period. Teacher Retirement System of Texas owned 0.22% of AdvanSix worth $1,388,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. GAMMA Investing LLC lifted its position in AdvanSix by 149.5% during the first quarter. GAMMA Investing LLC now owns 1,966 shares of the company’s stock worth $45,000 after acquiring an additional 1,178 shares during the last quarter. Farther Finance Advisors LLC lifted its position in AdvanSix by 1,195.9% during the second quarter. Farther Finance Advisors LLC now owns 3,123 shares of the company’s stock worth $74,000 after acquiring an additional 2,882 shares during the last quarter. AlphaQuest LLC lifted its position in AdvanSix by 22.3% during the first quarter. AlphaQuest LLC now owns 4,014 shares of the company’s stock worth $91,000 after acquiring an additional 731 shares during the last quarter. Quantbot Technologies LP lifted its position in AdvanSix by 33.2% during the first quarter. Quantbot Technologies LP now owns 4,096 shares of the company’s stock worth $93,000 after acquiring an additional 1,022 shares during the last quarter. Finally, CWM LLC lifted its position in AdvanSix by 1,695.3% during the second quarter. CWM LLC now owns 7,594 shares of the company’s stock worth $180,000 after acquiring an additional 7,171 shares during the last quarter. 86.39% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on ASIX. Weiss Ratings restated a “hold (c-)” rating on shares of AdvanSix in a research report on Wednesday, October 8th. Wall Street Zen downgraded shares of AdvanSix from a “buy” rating to a “hold” rating in a research report on Sunday, August 10th. One investment analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat, AdvanSix has a consensus rating of “Moderate Buy” and a consensus target price of $33.50.

AdvanSix Stock Up 1.7%

NYSE ASIX opened at $18.90 on Thursday. The company has a current ratio of 1.35, a quick ratio of 0.66 and a debt-to-equity ratio of 0.29. AdvanSix has a 1-year low of $17.97 and a 1-year high of $33.00. The company has a 50 day moving average of $20.11 and a 200-day moving average of $21.60. The company has a market cap of $507.28 million, a price-to-earnings ratio of 6.65 and a beta of 1.72.

AdvanSix 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.