KBC Group NV Sells 16,853 Shares of AdvanSix Inc (ASIX)
KBC Group NV cut its position in shares of AdvanSix Inc (NASDAQ:ASIX) by 17.8% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 77,871 shares of the company’s stock after selling 16,853 shares during the period. KBC Group NV owned 0.26% of AdvanSix worth $2,432,000 as of its most recent SEC filing.
Several other hedge funds have also bought and sold shares of ASIX. Spark Investment Management LLC increased its position in shares of AdvanSix by 261.0% in the second quarter. Spark Investment Management LLC now owns 357,000 shares of the company’s stock worth $11,152,000 after buying an additional 258,100 shares during the last quarter. Trexquant Investment LP purchased a new position in shares of AdvanSix during the second quarter worth $372,000. Russell Investments Group Ltd. increased its position in shares of AdvanSix by 117.2% in the second quarter. Russell Investments Group Ltd. now owns 147,395 shares of the company’s stock worth $4,605,000 after buying an additional 79,529 shares during the last quarter. BNP Paribas Arbitrage SA increased its position in shares of AdvanSix by 652.4% in the second quarter. BNP Paribas Arbitrage SA now owns 58,910 shares of the company’s stock worth $1,840,000 after buying an additional 51,080 shares during the last quarter. Finally, Legal & General Group Plc increased its position in shares of AdvanSix by 5.2% in the second quarter. Legal & General Group Plc now owns 54,805 shares of the company’s stock worth $1,713,000 after buying an additional 2,731 shares during the last quarter.
AdvanSix Inc (NASDAQ:ASIX) opened at 30.92 on Monday. The firm’s 50-day moving average is $32.93 and its 200-day moving average is $29.28. The company has a market capitalization of $942.50 million and a PE ratio of 21.24. AdvanSix Inc has a 52-week low of $12.00 and a 52-week high of $34.87.
AdvanSix (NASDAQ:ASIX) last posted its quarterly earnings data on Thursday, August 10th. The company reported $0.83 EPS for the quarter, beating analysts’ consensus estimates of $0.66 by $0.17. The company had revenue of $361.44 million during the quarter. AdvanSix had a return on equity of 47.63% and a net margin of 7.25%. On average, equities research analysts forecast that AdvanSix Inc will post $2.75 EPS for the current year.
Separately, Cowen and Company initiated coverage on shares of AdvanSix in a report on Friday, June 23rd. They set an “outperform” rating and a $37.00 target price on the stock.
AdvanSix Inc is an integrated manufacturer of Nylon 6. The Company also sells a variety of other products, all of which are produced as part of the Nylon 6 resin manufacturing process primarily, including caprolactam, ammonium sulfate fertilizers and other chemical intermediates. The Company operates primarily through its integrated manufacturing sites located in Frankford, Pennsylvania, Hopewell, Virginia, and Chesterfield, Virginia.
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