Citigroup Inc. trimmed its position in shares of Advanced Emissions Solutions, Inc. (NASDAQ:ADES) by 29.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,481 shares of the industrial products company’s stock after selling 1,849 shares during the quarter. Citigroup Inc.’s holdings in Advanced Emissions Solutions were worth $47,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the company. Bank of New York Mellon Corp boosted its holdings in Advanced Emissions Solutions by 1.7% in the second quarter. Bank of New York Mellon Corp now owns 451,393 shares of the industrial products company’s stock valued at $5,128,000 after acquiring an additional 7,612 shares during the last quarter. Dimensional Fund Advisors LP boosted its holdings in Advanced Emissions Solutions by 313.1% in the third quarter. Dimensional Fund Advisors LP now owns 73,577 shares of the industrial products company’s stock valued at $880,000 after acquiring an additional 55,768 shares during the last quarter. Vanguard Group Inc boosted its holdings in Advanced Emissions Solutions by 0.3% in the third quarter. Vanguard Group Inc now owns 936,501 shares of the industrial products company’s stock valued at $11,200,000 after acquiring an additional 2,603 shares during the last quarter. Rhumbline Advisers boosted its holdings in Advanced Emissions Solutions by 45.6% in the fourth quarter. Rhumbline Advisers now owns 24,072 shares of the industrial products company’s stock valued at $254,000 after acquiring an additional 7,537 shares during the last quarter. Finally, Advisor Group Inc. boosted its holdings in Advanced Emissions Solutions by 76.1% in the fourth quarter. Advisor Group Inc. now owns 4,801 shares of the industrial products company’s stock valued at $51,000 after acquiring an additional 2,074 shares during the last quarter. 71.35% of the stock is currently owned by institutional investors.

A number of research analysts recently weighed in on the company. ValuEngine cut Advanced Emissions Solutions from a “buy” rating to a “hold” rating in a report on Friday, March 1st. Zacks Investment Research upgraded Advanced Emissions Solutions from a “strong sell” rating to a “hold” rating in a research note on Thursday, January 3rd. Finally, HC Wainwright restated a “buy” rating on shares of Advanced Emissions Solutions in a research note on Wednesday, March 20th.

Shares of ADES opened at $12.17 on Wednesday. The stock has a market cap of $221.61 million, a price-to-earnings ratio of 6.91 and a beta of 1.37. Advanced Emissions Solutions, Inc. has a 12 month low of $9.01 and a 12 month high of $12.37. The company has a debt-to-equity ratio of 0.74, a quick ratio of 0.93 and a current ratio of 1.47.

Advanced Emissions Solutions (NASDAQ:ADES) last issued its quarterly earnings data on Monday, March 18th. The industrial products company reported $0.36 EPS for the quarter, missing the Zacks’ consensus estimate of $0.37 by ($0.01). The company had revenue of $10.63 million for the quarter, compared to analyst estimates of $4.76 million. Advanced Emissions Solutions had a return on equity of 46.43% and a net margin of 148.06%. As a group, equities research analysts predict that Advanced Emissions Solutions, Inc. will post 3.39 earnings per share for the current fiscal year.

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Advanced Emissions Solutions 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.

Further Reading: Growth and Income Funds

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

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