Victory Capital Discloses 2.56M Share Stake in AdvanSix

TL;DR

**Victory Capital just revealed a big stake in AdvanSix, signaling institutional confidence.**

AI Summary

Victory Capital Management Inc. reported a significant stake in AdvanSix Inc., holding 2,562,263 shares of common stock as of December 31, 2023. This represents a substantial investment by a major institutional asset manager, indicating their confidence in AdvanSix's future prospects. For current or prospective shareholders, this filing suggests that a large, sophisticated investor sees value in AdvanSix, potentially signaling a positive outlook for the stock.

Why It Matters

This filing shows a major institutional investor, Victory Capital Management Inc., has a significant ownership stake in AdvanSix Inc., which can be a vote of confidence for other investors.

Risk Assessment

Risk Level: low — This filing indicates an institutional investment, generally seen as a positive signal rather than a risk.

Analyst Insight

A smart investor would view this institutional investment as a positive signal, potentially prompting further research into AdvanSix Inc.'s fundamentals and market position.

Key Numbers

• 2,562,263 — Shares Beneficially Owned (Represents the number of AdvanSix Inc. common stock shares held by Victory Capital Management Inc. with sole voting power.)
• 00773T101 — CUSIP Number (Unique identifier for AdvanSix Inc.'s Common Stock.)

Key Players & Entities

• AdvanSix Inc. (company) — the subject company whose shares are being reported
• Victory Capital Management Inc. (company) — the reporting person, an institutional investor
• New York (company) — place of organization for Victory Capital Management Inc.
• December 31, 2023 (date) — date of event requiring the filing

Forward-Looking Statements

• AdvanSix Inc. stock may experience increased investor interest due to the institutional ownership disclosure. (AdvanSix Inc.) — medium confidence, target: Q1 2024

FAQ

Filing Documents

• advansix13g_123123.htm (SC 13G) — 38KB
• 0001040188-24-000028.txt ( ) — 40KB

If this statement is filed

Item 3. If this statement is filed pursuant to §§240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a: (a) ¨ Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o). (b) ¨ Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c). (c) ¨ Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c). (d) ¨ Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8). (e) x An investment adviser in accordance with §240.13d-1(b)(1)(ii)(E); (f) ¨ An employee benefit plan or endowment fund in accordance with §240.13d-1(b)(1)(ii)(F); (g) ¨ A parent holding company or control person in accordance with §240.13d-1(b)(1)(ii)(G); (h) ¨ A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813); (i) ¨ A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3); (j) ¨ Group, in accordance with §240.13d-1(b)(1)(ii)(J).

Ownership

Item 4. Ownership. Provide the following information regarding the aggregate number and percentage of the class of securities of the issuer identified in Item 1. (a) Amount beneficially owned: 2,579,263 (b) Percent of class: 9.57% (c) Number of shares as to which the person has: (i) Sole power to vote or to direct the vote: 2,562,263 (ii) Shared power to vote or to direct the vote: 0 (iii) Sole power to dispose or to direct the disposition of: 2,579,253 (iv) Shared power to dispose or to direct the disposition of: 0 Instruction . For computations regarding securities which represent a right to acquire an underlying security see §240.13d-3(d)(1).

Ownership of Five Percent

Item 5. Ownership of Five Percent or Less of a Class. If this statement is being filed to report the fact that as of the date hereof the reporting person has ceased to be the beneficial

Ownership of More than

Item 6. Ownership of More than Five Percent on Behalf of Another Person. The clients of Victory Capital Management Inc., including investment companies registered under the Investment Company Act of 1940 and separately managed accounts, have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, the class of securities reported herein of Advansix Inc. No client has the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, more than 5% of such class except for the Victory Sycamore Small Company Opportunity Fund which owns 5.37%.

Identification and Classification

Item 7. Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on By the Parent Holding Company. Not applicable.

Identification and Classification

Item 8. Identification and Classification of Members of the Group. Not applicable.

Notice of Dissolution

Item 9. Notice of Dissolution of Group. Not applicable. CUSIP No. 00773T101 13G Page 4 of 4 Pages

Certification

Item 10. Certification. (a) The following certification shall be included if the statement is filed pursuant to §240.13d-1(b): By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect. After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct. 2/7/2024 Date /s / Barry Garrett Barry Garrett/Chief Compliance Officer

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View this SC 13G filing on SEC EDGAR