ValuEngine downgraded shares of AdvanSix (NYSE:ASIX) from a hold rating to a sell rating in a research report sent to investors on Saturday morning, ValuEngine reports.

Several other equities analysts have also commented on ASIX. Zacks Investment Research lowered AdvanSix from a hold rating to a strong sell rating in a report on Wednesday, June 26th. CL King started coverage on AdvanSix in a report on Thursday, August 15th. They set a neutral rating for the company. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating to the company’s stock. AdvanSix has a consensus rating of Hold and a consensus price target of $34.00.

NYSE:ASIX opened at $22.77 on Friday. The firm has a market capitalization of $627.52 million, a PE ratio of 10.89 and a beta of 1.98. The stock has a 50 day moving average of $24.43 and a 200-day moving average of $25.80. AdvanSix has a 52 week low of $21.25 and a 52 week high of $34.92. The company has a current ratio of 1.16, a quick ratio of 0.61 and a debt-to-equity ratio of 0.82.

AdvanSix (NYSE:ASIX) last posted its earnings results on Thursday, August 1st. The company reported $0.53 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.39 by $0.14. The company had revenue of $345.22 million during the quarter, compared to analyst estimates of $344.33 million. AdvanSix had a return on equity of 14.80% and a net margin of 4.36%. The business’s revenue was down 13.8% compared to the same quarter last year. During the same period in the prior year, the company earned $0.91 earnings per share. As a group, analysts predict that AdvanSix will post 2.14 EPS for the current fiscal year.

In other AdvanSix news, Director Michael Marberry acquired 4,350 shares of AdvanSix stock in a transaction dated Wednesday, August 14th. The stock was acquired at an average cost of $21.34 per share, for a total transaction of $92,829.00. Following the completion of the transaction, the director now owns 48,474 shares in the company, valued at approximately $1,034,435.16. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 0.56% of the company’s stock.

Several hedge funds and other institutional investors have recently modified their holdings of ASIX. Nuveen Asset Management LLC acquired a new position in shares of AdvanSix during the second quarter worth approximately $4,446,000. Morgan Stanley boosted its position in shares of AdvanSix by 217.4% during the second quarter. Morgan Stanley now owns 163,028 shares of the company’s stock worth $3,983,000 after buying an additional 111,670 shares during the period. AltraVue Capital LLC boosted its position in shares of AdvanSix by 214.1% during the second quarter. AltraVue Capital LLC now owns 132,681 shares of the company’s stock worth $3,241,000 after buying an additional 90,441 shares during the period. Firefly Value Partners LP boosted its position in shares of AdvanSix by 3.1% during the second quarter. Firefly Value Partners LP now owns 2,480,602 shares of the company’s stock worth $60,601,000 after buying an additional 75,000 shares during the period. Finally, LSV Asset Management boosted its position in shares of AdvanSix by 56.9% during the second quarter. LSV Asset Management now owns 136,954 shares of the company’s stock worth $3,345,000 after buying an additional 49,650 shares during the period. Institutional investors and hedge funds own 86.30% of the company’s stock.

AdvanSix Company Profile

AdvanSix Inc manufactures and sells polymer resins. It offers Nylon 6, a polymer resin, which is a synthetic material used to produce engineered plastics, fibers, filaments, and films. The company also provides caprolactam to manufacture polymer resins; ammonium sulfate fertilizers to distributors, farm cooperatives, and retailers; and acetone, which is used by customers in the production of adhesives, paints, coatings, solvents, herbicides, and other engineered plastic resins, as well as other intermediate chemicals, including phenol, alpha-methylstyrene, cyclohexanone, methyl ethyl ketoxime, cyclohexanol, acetaldehyde oxime, 2-pentanone oxime, sulfuric acid, ammonia, and carbon dioxide.

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