Greywolf Capital Management LP Sells 307,701 Shares of Advanced Emissions Solutions, Inc. (ADES)

Greywolf Capital Management LP cut its position in shares of Advanced Emissions Solutions, Inc. (NASDAQ:ADES) by 15.1% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,735,686 shares of the industrial products company’s stock after selling 307,701 shares during the period. Advanced Emissions Solutions comprises about 5.0% of Greywolf Capital Management LP’s investment portfolio, making the stock its largest position. Greywolf Capital Management LP owned about 8.35% of Advanced Emissions Solutions worth $15,899,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in ADES. Northpointe Capital LLC bought a new stake in shares of Advanced Emissions Solutions during the second quarter valued at approximately $4,223,000. Apollo Management Holdings L.P. increased its position in shares of Advanced Emissions Solutions by 153.4% during the second quarter. Apollo Management Holdings L.P. now owns 633,388 shares of the industrial products company’s stock valued at $5,802,000 after purchasing an additional 383,388 shares during the period. State Street Corp increased its position in shares of Advanced Emissions Solutions by 1,604.4% during the second quarter. State Street Corp now owns 253,958 shares of the industrial products company’s stock valued at $2,327,000 after purchasing an additional 239,058 shares during the period. Northern Trust Corp increased its position in shares of Advanced Emissions Solutions by 343.5% during the second quarter. Northern Trust Corp now owns 238,983 shares of the industrial products company’s stock valued at $2,189,000 after purchasing an additional 185,102 shares during the period. Finally, Cowen Inc. bought a new stake in shares of Advanced Emissions Solutions during the second quarter valued at approximately $890,000. Institutional investors and hedge funds own 68.76% of the company’s stock.

Shares of Advanced Emissions Solutions, Inc. (NASDAQ ADES) traded up 1.2235% during mid-day trading on Tuesday, reaching $11.6407. The company had a trading volume of 22,697 shares. Advanced Emissions Solutions, Inc. has a 12-month low of $7.43 and a 12-month high of $12.25. The stock has a market capitalization of $242.07 million, a P/E ratio of 2.5955 and a beta of 2.87. The firm’s 50 day moving average is $10.22 and its 200-day moving average is $9.80.

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A number of research firms have recently issued reports on ADES. ValuEngine cut Advanced Emissions Solutions from a “strong-buy” rating to a “buy” rating in a research report on Friday, September 1st. HC Wainwright set a $18.00 price objective on Advanced Emissions Solutions and gave the company a “buy” rating in a research report on Wednesday, August 9th. Zacks Investment Research cut Advanced Emissions Solutions from a “buy” rating to a “hold” rating in a research report on Monday, August 14th. Finally, Canaccord Genuity restated a “buy” rating and set a $20.00 price objective on shares of Advanced Emissions Solutions in a research report on Thursday, September 28th. One analyst has rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus price target of $17.00.

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.

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

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