Advanced Emissions Solutions, Inc. (ADES) Stake Cut by Greywolf Capital Management LP

Greywolf Capital Management LP lowered its position in Advanced Emissions Solutions, Inc. (NASDAQ:ADES) by 1.4% during the first quarter, Holdings Channel reports. The firm owned 2,043,387 shares of the industrial products company’s stock after selling 29,813 shares during the period. Advanced Emissions Solutions makes up approximately 4.1% of Greywolf Capital Management LP’s holdings, making the stock its largest position. Greywolf Capital Management LP owned about 9.28% of Advanced Emissions Solutions worth $19,494,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of the company. Apollo Management Holdings L.P. increased its stake in Advanced Emissions Solutions by 397.3% in the first quarter. Apollo Management Holdings L.P. now owns 250,000 shares of the industrial products company’s stock worth $2,385,000 after buying an additional 199,730 shares during the period. Geode Capital Management LLC increased its stake in Advanced Emissions Solutions by 68.6% in the first quarter. Geode Capital Management LLC now owns 157,441 shares of the industrial products company’s stock worth $1,501,000 after buying an additional 64,039 shares during the period. Vanguard Group Inc. increased its stake in Advanced Emissions Solutions by 1.1% in the first quarter. Vanguard Group Inc. now owns 786,434 shares of the industrial products company’s stock worth $7,502,000 after buying an additional 8,650 shares during the period. Segantii Capital Management Ltd acquired a new stake in Advanced Emissions Solutions during the first quarter worth about $275,000. Finally, Wellington Management Group LLP increased its stake in Advanced Emissions Solutions by 21.5% in the first quarter. Wellington Management Group LLP now owns 489,593 shares of the industrial products company’s stock worth $4,670,000 after buying an additional 86,476 shares during the period. 64.51% of the stock is owned by hedge funds and other institutional investors.

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

Advanced Emissions Solutions, Inc. (NASDAQ ADES) traded down 0.31% during trading on Friday, reaching $9.66. The company’s stock had a trading volume of 112,938 shares. The firm has a market capitalization of $213.22 million, a price-to-earnings ratio of 2.13 and a beta of 2.74. Advanced Emissions Solutions, Inc. has a 52-week low of $6.21 and a 52-week high of $12.25. The stock’s 50-day moving average is $9.54 and its 200 day moving average is $9.77.

Advanced Emissions Solutions (NASDAQ:ADES) last issued its quarterly earnings results on Monday, May 8th. The industrial products company reported $0.39 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.50 by $0.11. The business had revenue of $7.39 million during the quarter, compared to the consensus estimate of $12.40 million. Advanced Emissions Solutions had a return on equity of 107.77% and a net margin of 286.05%. On average, analysts predict that Advanced Emissions Solutions, Inc. will post $2.57 EPS for the current fiscal year.

The firm also recently declared a special dividend, which will be paid on Monday, July 17th. Shareholders of record on Wednesday, June 28th will be given a $0.25 dividend. The ex-dividend date is Monday, June 26th.

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ADES has been the subject of a number of analyst reports. Zacks Investment Research cut Advanced Emissions Solutions from a “hold” rating to a “sell” rating in a report on Monday, April 10th. ValuEngine cut Advanced Emissions Solutions from a “strong-buy” rating to a “buy” rating in a report on Thursday. Finally, TheStreet cut Advanced Emissions Solutions from a “b-” rating to a “c+” rating in a report on Monday, June 5th.

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.

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).

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