AdvanSix Inc. (NYSE:ASIX) Shares Sold by Cubist Systematic Strategies LLC

Cubist Systematic Strategies LLC cut its position in shares of AdvanSix Inc. (NYSE:ASIX - Free Report) by 32.7% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 37,609 shares of the company's stock after selling 18,278 shares during the quarter. Cubist Systematic Strategies LLC owned approximately 0.14% of AdvanSix worth $1,071,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Inspire Investing LLC grew its holdings in AdvanSix by 2.5% in the fourth quarter. Inspire Investing LLC now owns 15,628 shares of the company's stock valued at $445,000 after purchasing an additional 387 shares during the period. Ameriprise Financial Inc. grew its holdings in AdvanSix by 0.3% in the fourth quarter. Ameriprise Financial Inc. now owns 135,127 shares of the company's stock valued at $3,850,000 after purchasing an additional 450 shares during the period. Sheets Smith Wealth Management grew its holdings in AdvanSix by 3.7% in the fourth quarter. Sheets Smith Wealth Management now owns 15,772 shares of the company's stock valued at $449,000 after purchasing an additional 569 shares during the period. Nilsine Partners LLC grew its holdings in AdvanSix by 3.1% in the fourth quarter. Nilsine Partners LLC now owns 21,288 shares of the company's stock valued at $606,000 after purchasing an additional 650 shares during the period. Finally, Rhumbline Advisers grew its holdings in AdvanSix by 1.4% in the fourth quarter. Rhumbline Advisers now owns 84,984 shares of the company's stock valued at $2,421,000 after purchasing an additional 1,198 shares during the period. 86.39% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, SVP Achilles B. Kintiroglou sold 4,000 shares of the business's stock in a transaction on Tuesday, April 1st. The shares were sold at an average price of $22.24, for a total transaction of $88,960.00. Following the transaction, the senior vice president now directly owns 36,363 shares of the company's stock, 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 is available at this hyperlink. 5.60% of the stock is owned by insiders.

AdvanSix Trading Up 1.1%

ASIX traded up $0.26 during trading on Friday, hitting $23.49. 159,110 shares of the company's stock were exchanged, compared to its average volume of 150,910. The company has a current ratio of 1.08, a quick ratio of 0.49 and a debt-to-equity ratio of 0.25. AdvanSix Inc. has a 1 year low of $18.44 and a 1 year high of $33.00. The stock has a 50 day moving average price of $21.93 and a 200 day moving average price of $27.04. The firm has a market cap of $629.70 million, a P/E ratio of 14.59 and a beta of 1.59.

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

AdvanSix Dividend Announcement

The firm 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 dividend of $0.16 per share. The ex-dividend date is Tuesday, May 13th. This represents a $0.64 annualized dividend and a yield of 2.73%. AdvanSix's dividend payout ratio is currently 20.51%.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on ASIX. UBS Group set a $35.00 target price on shares of AdvanSix in a report on Tuesday, March 18th. Piper Sandler downgraded shares of AdvanSix from an "overweight" rating to a "neutral" rating and lowered their target price for the company from $35.00 to $26.00 in a report on Monday, April 7th. Finally, StockNews.com downgraded shares of AdvanSix from a "buy" rating to a "hold" rating in a report on Monday, March 24th.

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.