16,536 Shares in Advanced Emissions Solutions, Inc. (ADES) Acquired by Millennium Management LLC

Millennium Management LLC purchased a new stake in Advanced Emissions Solutions, Inc. (NASDAQ:ADES) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 16,536 shares of the industrial products company’s stock, valued at approximately $160,000. Millennium Management LLC owned 0.08% of Advanced Emissions Solutions as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. Alta Fundamental Advisers LLC increased its position in Advanced Emissions Solutions by 25.6% in the 4th quarter. Alta Fundamental Advisers LLC now owns 1,286,334 shares of the industrial products company’s stock valued at $12,425,000 after acquiring an additional 262,266 shares during the period. Bank of New York Mellon Corp increased its position in Advanced Emissions Solutions by 557.7% in the 4th quarter. Bank of New York Mellon Corp now owns 442,640 shares of the industrial products company’s stock valued at $4,276,000 after acquiring an additional 375,336 shares during the period. Wells Fargo & Company MN increased its position in Advanced Emissions Solutions by 322.3% in the 4th quarter. Wells Fargo & Company MN now owns 104,019 shares of the industrial products company’s stock valued at $1,005,000 after acquiring an additional 79,388 shares during the period. AXA increased its position in Advanced Emissions Solutions by 10.0% in the 4th quarter. AXA now owns 83,467 shares of the industrial products company’s stock valued at $806,000 after acquiring an additional 7,600 shares during the period. Finally, Guggenheim Capital LLC increased its position in Advanced Emissions Solutions by 90.4% in the 4th quarter. Guggenheim Capital LLC now owns 62,646 shares of the industrial products company’s stock valued at $604,000 after acquiring an additional 29,739 shares during the period. Hedge funds and other institutional investors own 72.90% of the company’s stock.

NASDAQ:ADES opened at $11.01 on Friday. Advanced Emissions Solutions, Inc. has a 52 week low of $7.00 and a 52 week high of $12.20. The firm has a market capitalization of $228.23 million, a PE ratio of 7.22 and a beta of 1.63.

Advanced Emissions Solutions (NASDAQ:ADES) last posted its quarterly earnings data on Monday, March 12th. The industrial products company reported $0.60 EPS for the quarter, beating the Zacks’ consensus estimate of $0.33 by $0.27. Advanced Emissions Solutions had a net margin of 83.37% and a return on equity of 43.68%. The company had revenue of $0.54 million for the quarter, compared to analyst estimates of $2.16 million. sell-side analysts anticipate that Advanced Emissions Solutions, Inc. will post 1.96 earnings per share for the current year.

Advanced Emissions Solutions announced that its board has approved a share buyback plan on Monday, March 26th that permits the company to repurchase $10.00 million in outstanding shares. This repurchase authorization permits the industrial products company to repurchase up to 4.3% of its shares through open market purchases. Shares repurchase plans are generally an indication that the company’s board believes its stock is undervalued.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 8th. Stockholders of record on Tuesday, May 22nd will be paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 9.08%. The ex-dividend date of this dividend is Monday, May 21st. Advanced Emissions Solutions’s dividend payout ratio is currently 64.10%.

A number of equities research analysts have recently commented on the stock. Zacks Investment Research lowered shares of Advanced Emissions Solutions from a “buy” rating to a “hold” rating in a research note on Wednesday, May 16th. ValuEngine raised shares of Advanced Emissions Solutions from a “buy” rating to a “strong-buy” rating in a research note on Monday, April 2nd. HC Wainwright set a $18.00 price objective on shares of Advanced Emissions Solutions and gave the company a “buy” rating in a research note on Friday, May 11th. Finally, TheStreet raised shares of Advanced Emissions Solutions from a “c+” rating to a “b-” rating in a research note on Monday, April 9th. Two analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Advanced Emissions Solutions has an average rating of “Buy” and a consensus target price of $16.67.

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

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