Foundations Investment Advisors LLC Acquires New Stake in AdvanSix Inc. (NYSE:ASIX)

Foundations Investment Advisors LLC acquired a new stake in shares of AdvanSix Inc. (NYSE:ASIX) in the fourth quarter, Holdings Channel reports. The firm acquired 7,817 shares of the company’s stock, valued at approximately $223,000.

Several other hedge funds have also added to or reduced their stakes in the stock. Inspire Investing LLC boosted its stake in AdvanSix by 2.5% in the 4th quarter. Inspire Investing LLC now owns 15,628 shares of the company’s stock worth $445,000 after purchasing an additional 387 shares in the last quarter. Sheets Smith Wealth Management lifted its stake in shares of AdvanSix by 3.7% in the fourth quarter. Sheets Smith Wealth Management now owns 15,772 shares of the company’s stock worth $449,000 after buying an additional 569 shares in the last quarter. Meritage Portfolio Management grew its holdings in shares of AdvanSix by 9.1% during the third quarter. Meritage Portfolio Management now owns 10,429 shares of the company’s stock valued at $317,000 after buying an additional 871 shares during the last quarter. Copeland Capital Management LLC bought a new stake in shares of AdvanSix during the third quarter valued at approximately $41,000. Finally, Public Employees Retirement System of Ohio increased its holdings in shares of AdvanSix by 29.9% in the 3rd quarter. Public Employees Retirement System of Ohio now owns 6,067 shares of the company’s stock worth $184,000 after purchasing an additional 1,396 shares in the last quarter. 86.39% of the stock is owned by institutional investors.

AdvanSix Stock Up 0.2 %

NYSE ASIX opened at $31.25 on Friday. AdvanSix Inc. has a 12 month low of $20.86 and a 12 month high of $33.00. The stock’s 50 day moving average is $30.19 and its 200 day moving average is $29.41. The company has a current ratio of 1.34, a quick ratio of 0.62 and a debt-to-equity ratio of 0.28. The stock has a market cap of $835.31 million, a PE ratio of 22.16 and a beta of 1.76.

Insider Activity at AdvanSix

In related news, CEO Erin N. Kane sold 5,000 shares of the stock in a transaction dated Thursday, January 2nd. The shares were sold at an average price of $28.15, for a total value of $140,750.00. Following the completion of the transaction, the chief executive officer now owns 507,795 shares of the company’s stock, valued at approximately $14,294,429.25. This trade represents a 0.98 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Christopher Gramm sold 2,435 shares of the firm’s stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $32.00, for a total value of $77,920.00. Following the completion of the sale, the insider now directly owns 43,463 shares of the company’s stock, valued at $1,390,816. The trade was a 5.31 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 9,386 shares of company stock valued at $281,102. Corporate insiders own 5.60% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have recently commented on ASIX. Piper Sandler lifted their price target on shares of AdvanSix from $35.00 to $39.00 and gave the stock an “overweight” rating in a research note on Friday, November 8th. StockNews.com upgraded AdvanSix from a “hold” rating to a “buy” rating in a research report on Wednesday, December 4th.

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.