Campbell & CO Investment Adviser LLC Trims Holdings in AdvanSix $ASIX

Campbell & CO Investment Adviser LLC trimmed its holdings in AdvanSix (NYSE:ASIX) by 59.9% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 31,765 shares of the company’s stock after selling 47,517 shares during the quarter. Campbell & CO Investment Adviser LLC owned about 0.12% of AdvanSix worth $616,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors also recently bought and sold shares of the business. Raymond James Financial Inc. purchased a new stake in AdvanSix in the second quarter worth about $29,000. Osaic Holdings Inc. boosted its position in shares of AdvanSix by 60.2% in the 2nd quarter. Osaic Holdings Inc. now owns 1,285 shares of the company’s stock worth $31,000 after purchasing an additional 483 shares in the last quarter. Versant Capital Management Inc grew its stake in shares of AdvanSix by 185.2% in the 3rd quarter. Versant Capital Management Inc now owns 2,142 shares of the company’s stock worth $42,000 after buying an additional 1,391 shares during the last quarter. Tower Research Capital LLC TRC grew its stake in shares of AdvanSix by 144.1% in the 2nd quarter. Tower Research Capital LLC TRC now owns 2,385 shares of the company’s stock worth $57,000 after buying an additional 1,408 shares during the last quarter. Finally, Farther Finance Advisors LLC increased its position in AdvanSix by 1,195.9% during the 2nd quarter. Farther Finance Advisors LLC now owns 3,123 shares of the company’s stock valued at $74,000 after buying an additional 2,882 shares in the last quarter. 86.39% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

ASIX has been the topic of several analyst reports. Truist Financial began coverage on AdvanSix in a report on Thursday, January 15th. They issued a “hold” rating and a $19.00 target price on the stock. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of AdvanSix in a research report on Monday, December 29th. One equities research analyst has rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $28.67.

AdvanSix Trading Up 5.1%

AdvanSix stock opened at $17.00 on Thursday. AdvanSix has a one year low of $14.10 and a one year high of $32.58. The business’s fifty day moving average is $16.42 and its 200 day moving average is $18.92. The stock has a market capitalization of $456.49 million, a PE ratio of 8.85 and a beta of 1.71. The company has a debt-to-equity ratio of 0.31, a current ratio of 1.36 and a quick ratio of 0.74.

AdvanSix (NYSE:ASIX) last posted its earnings results on Friday, November 7th. The company reported $0.08 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.40 by ($0.32). The company had revenue of $374.47 million for the quarter, compared to the consensus estimate of $365.00 million. AdvanSix had a net margin of 3.52% and a return on equity of 7.14%. On average, sell-side analysts predict that AdvanSix will post 4 EPS for the current year.

AdvanSix Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, December 2nd. Investors of record on Tuesday, November 18th were issued a $0.16 dividend. The ex-dividend date was Tuesday, November 18th. This represents a $0.64 annualized dividend and a yield of 3.8%. AdvanSix’s dividend payout ratio (DPR) is currently 33.33%.

AdvanSix Profile

AdvanSix, Inc (NYSE: ASIX) is an integrated chemical manufacturer specializing in the production of nylon 6 intermediates and related co‐products. Established as a publicly traded spin‐off from Honeywell Specialty Chemicals in June 2016, the company is headquartered in Parsippany, New Jersey.

The company’s principal product is caprolactam, the key building block for nylon 6 resin, used in fibers and engineering plastics across industries. In addition to caprolactam and nylon 6 resin, AdvanSix produces ammonium sulfate fertilizer and industrial chemicals such as phenol and acetone.