BlackRock Inc. Sells 846,478 Shares of Advanced Emissions Solutions, Inc. (NASDAQ:ADES)

Share on StockTwits

BlackRock Inc. reduced its position in shares of Advanced Emissions Solutions, Inc. (NASDAQ:ADES) by 22.7% in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 2,878,071 shares of the industrial products company’s stock after selling 846,478 shares during the quarter. BlackRock Inc. owned approximately 15.49% of Advanced Emissions Solutions worth $36,379,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently bought and sold shares of the stock. Bank of New York Mellon Corp raised its holdings in Advanced Emissions Solutions by 2.0% in the 2nd quarter. Bank of New York Mellon Corp now owns 399,326 shares of the industrial products company’s stock worth $5,048,000 after purchasing an additional 8,020 shares in the last quarter. Chicago Equity Partners LLC bought a new position in Advanced Emissions Solutions in the 2nd quarter worth $736,000. Van ECK Associates Corp raised its holdings in Advanced Emissions Solutions by 9.4% in the 2nd quarter. Van ECK Associates Corp now owns 56,531 shares of the industrial products company’s stock worth $715,000 after purchasing an additional 4,878 shares in the last quarter. Parametric Portfolio Associates LLC raised its holdings in Advanced Emissions Solutions by 59.2% in the 2nd quarter. Parametric Portfolio Associates LLC now owns 37,906 shares of the industrial products company’s stock worth $479,000 after purchasing an additional 14,091 shares in the last quarter. Finally, Nisa Investment Advisors LLC raised its holdings in Advanced Emissions Solutions by 5,100.0% in the 2nd quarter. Nisa Investment Advisors LLC now owns 31,200 shares of the industrial products company’s stock worth $394,000 after purchasing an additional 30,600 shares in the last quarter. Institutional investors own 71.50% of the company’s stock.

In other Advanced Emissions Solutions news, Director Fundamental Advisers Sp L. Alta bought 56,243 shares of Advanced Emissions Solutions stock in a transaction dated Tuesday, August 20th. The shares were purchased at an average cost of $11.92 per share, with a total value of $670,416.56. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Alta Fundamental Advisers Llc bought 50,000 shares of Advanced Emissions Solutions stock in a transaction dated Tuesday, September 3rd. The stock was acquired at an average cost of $12.35 per share, for a total transaction of $617,500.00. The disclosure for this purchase can be found here. Insiders bought a total of 116,190 shares of company stock worth $1,412,297 over the last ninety days. Insiders own 12.16% of the company’s stock.

Several brokerages have commented on ADES. BidaskClub upgraded shares of Advanced Emissions Solutions from a “hold” rating to a “buy” rating in a report on Thursday, September 12th. Zacks Investment Research upgraded shares of Advanced Emissions Solutions from a “sell” rating to a “hold” rating in a report on Tuesday. ValuEngine downgraded shares of Advanced Emissions Solutions from a “hold” rating to a “sell” rating in a research report on Wednesday, October 2nd. Finally, HC Wainwright reaffirmed a “buy” rating and issued a $18.00 target price on shares of Advanced Emissions Solutions in a research report on Wednesday, August 7th.

NASDAQ:ADES opened at $13.51 on Friday. The firm’s 50-day moving average price is $13.48 and its 200-day moving average price is $12.68. The company has a market capitalization of $252.32 million, a PE ratio of 7.68 and a beta of 1.15. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.23 and a quick ratio of 0.78. Advanced Emissions Solutions, Inc. has a 1-year low of $9.01 and a 1-year high of $15.34.

Advanced Emissions Solutions (NASDAQ:ADES) last released its earnings results on Monday, August 5th. The industrial products company reported $0.44 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.74 by ($0.30). The business had revenue of $15.58 million during the quarter, compared to analysts’ expectations of $21.26 million. Advanced Emissions Solutions had a return on equity of 38.78% and a net margin of 69.10%. Equities analysts anticipate that Advanced Emissions Solutions, Inc. will post 2.98 EPS for the current fiscal year.

About Advanced Emissions Solutions

ADA-ES, Inc (ADA) develops, offers, and implements environmental technologies and provides equipment and specialty chemicals that enable coal-fueled power plants to meet emissions regulations by enhancing existing air pollution control equipment. ADA’s wholly owned subsidiaries include Advanced Emissions Solutions, Inc, ADA Intellectual Property, LLC and ADA Environmental Solutions, LLC.

See Also: Current Ratio

Want to see what other hedge funds are holding ADES? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Advanced Emissions Solutions, Inc. (NASDAQ:ADES).

Institutional Ownership by Quarter for Advanced Emissions Solutions (NASDAQ:ADES)

Receive News & Ratings for Advanced Emissions Solutions Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Advanced Emissions Solutions and related companies with MarketBeat.com's FREE daily email newsletter.



Latest News

Sportsman’s Warehouse  Updates FY20 Earnings Guidance
Sportsman’s Warehouse Updates FY20 Earnings Guidance
Fortuna Silver Mines  Shares Gap Up to $3.31
Fortuna Silver Mines Shares Gap Up to $3.31
Plug Power  Stock Price Down 11.1%
Plug Power Stock Price Down 11.1%
ADMA Biologics  Trading Down 7%
ADMA Biologics Trading Down 7%
Brookfield Business Partners  Hits New 52-Week High at $42.08
Brookfield Business Partners Hits New 52-Week High at $42.08
Velas Market Capitalization Achieves $31.88 Million
Velas Market Capitalization Achieves $31.88 Million


© 2006-2019 Ticker Report