Foundations Investment Advisors LLC has dramatically increased its position in AdvanSix, a significant move that highlights evolving institutional confidence in the chemical company. This substantial escalation, reported by HoldingsChannel.com, reflects a calculated strategic enhancement to their investment portfolio during the first fiscal quarter, signaling notable activity within the financial markets.
Specifically, Foundations Investment Advisors expanded its AdvanSix holdings by an impressive 221.5%, acquiring an additional 17,316 shares. This strategic accumulation has brought their total ownership to 25,133 shares, valued at approximately $569,000 based on their most recent SEC filing. Such a considerable increase by a prominent investment advisor often draws attention from other market participants interested in tracking significant institutional investor activity.
Foundations Investment Advisors is not alone in adjusting its AdvanSix stock portfolio. Other major institutional investors and hedge funds have also been active in buying and selling shares of AdvanSix. For instance, Ameriprise Financial Inc. modestly increased its holdings by 0.3% in the fourth quarter, accumulating 135,127 shares valued at $3,850,000, underscoring continued interest in the company’s performance among established firms.
Further demonstrating diverse institutional engagement, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. expanded its AdvanSix shares by 3.6% in the fourth quarter, reaching 14,543 shares worth $414,000. Nilsine Partners LLC also boosted its holdings by 2.8% in the first quarter, bringing its stake to 21,891 shares, valued at $496,000. These incremental increases from various players indicate a broader pattern of re-evaluation and adjustment within institutional portfolios.
Two Sigma Advisers LP similarly enhanced its AdvanSix position by 2.8% in the fourth quarter, now holding 29,300 shares worth $835,000. Perhaps most strikingly, GAMMA Investing LLC significantly ramped up its holdings by 149.5% in the first quarter, acquiring 1,966 shares valued at $45,000. These transactions collectively illustrate the dynamic nature of stock market investments and the varied strategies employed by institutional funds.
Overall, the data reveals that a substantial 86.39% of AdvanSix stock is currently held by hedge funds and other institutional investors. This high percentage of institutional ownership can influence market stability and investor sentiment, often seen as a sign of confidence in the company’s long-term prospects, particularly within the financial news landscape.
From a market performance perspective, AdvanSix shares opened at $20.11 on a recent Friday. The company’s moving averages show its 50-day average at $23.48 and its two-hundred day average at $24.72, suggesting recent price fluctuations. The company also exhibits sound financial metrics, including a debt-to-equity ratio of 0.27, a current ratio of 1.19, and a quick ratio of 0.56, which are critical indicators for market analysis.
AdvanSix’s stock has traded between a 1-year low of $18.44 and a 1-year high of $33.00, demonstrating its volatility within the past year. With a market capitalization of $539.02 million, a P/E ratio of 6.44, and a beta of 1.60, the company presents a unique profile for potential investors assessing its growth potential and risk. These figures are crucial for anyone performing due diligence on ASIX.
Recent research reports have also provided positive outlooks for AdvanSix. A notable report on Saturday, May 31st, saw an upgrade from a “buy” rating to a “strong-buy” rating. Additionally, Piper Sandler set a target price of $32.00 on AdvanSix in a report on Monday, May 19th. These analyst ratings contribute to the overall investor sentiment and can significantly impact the AdvanSix stock performance.
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