Alta Fundamental Advisers LLC raised its holdings in Advanced Emissions Solutions, Inc. (NASDAQ:ADES) by 25.6% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,286,334 shares of the industrial products company’s stock after purchasing an additional 262,266 shares during the period. Advanced Emissions Solutions comprises 7.6% of Alta Fundamental Advisers LLC’s holdings, making the stock its 4th largest position. Alta Fundamental Advisers LLC owned about 6.10% of Advanced Emissions Solutions worth $12,425,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also modified their holdings of the company. Vanguard Group Inc. grew its holdings in Advanced Emissions Solutions by 7.7% in the second quarter. Vanguard Group Inc. now owns 846,695 shares of the industrial products company’s stock valued at $7,756,000 after purchasing an additional 60,261 shares during the period. Teachers Advisors LLC acquired a new stake in Advanced Emissions Solutions in the second quarter valued at approximately $363,000. Royal Bank of Canada acquired a new stake in Advanced Emissions Solutions in the second quarter valued at approximately $265,000. Wells Fargo & Company MN acquired a new stake in Advanced Emissions Solutions in the third quarter valued at approximately $269,000. Finally, LSV Asset Management acquired a new stake in Advanced Emissions Solutions in the fourth quarter valued at approximately $586,000. 69.63% of the stock is currently owned by institutional investors.
Shares of Advanced Emissions Solutions, Inc. (ADES) opened at $10.91 on Tuesday. Advanced Emissions Solutions, Inc. has a 1-year low of $7.00 and a 1-year high of $12.20. The company has a market capitalization of $226.08, a P/E ratio of 2.51 and a beta of 1.78.
Advanced Emissions Solutions announced that its Board of Directors has initiated a share buyback program on Monday, December 4th that permits the company to repurchase $10.00 million in outstanding shares. This repurchase authorization permits the industrial products company to purchase shares of its stock through open market purchases. Shares repurchase programs are usually a sign that the company’s board of directors believes its stock is undervalued.
Several analysts have commented on the company. Zacks Investment Research raised Advanced Emissions Solutions from a “strong sell” rating to a “hold” rating in a report on Tuesday, January 9th. ValuEngine raised Advanced Emissions Solutions from a “hold” rating to a “buy” rating in a report on Wednesday, December 6th. Two research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. Advanced Emissions Solutions has an average rating of “Buy” and a consensus price target of $16.67.
In other news, Director Fundamental Advisers Sp L. Alta purchased 262,266 shares of the stock in a transaction dated Thursday, December 14th. The shares were purchased at an average cost of $9.89 per share, with a total value of $2,593,810.74. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 8.49% of the stock is currently owned by company insiders.
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Advanced Emissions Solutions Company Profile
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.
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