Alta Fundamental Advisers LLC lowered its position in shares of Advanced Emissions Solutions, Inc. (NASDAQ:ADES) by 6.3% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,024,068 shares of the industrial products company’s stock after selling 68,625 shares during the period. Advanced Emissions Solutions makes up about 8.0% of Alta Fundamental Advisers LLC’s investment portfolio, making the stock its 5th largest position. Alta Fundamental Advisers LLC owned approximately 4.92% of Advanced Emissions Solutions worth $9,380,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. The Manufacturers Life Insurance Company increased its stake in shares of Advanced Emissions Solutions by 13,343.1% in the second quarter. The Manufacturers Life Insurance Company now owns 17,476 shares of the industrial products company’s stock worth $160,000 after buying an additional 17,346 shares during the last quarter. Arrowstreet Capital Limited Partnership bought a new stake in shares of Advanced Emissions Solutions in the second quarter worth $345,000. BlueCrest Capital Management Ltd increased its stake in shares of Advanced Emissions Solutions by 247.3% in the second quarter. BlueCrest Capital Management Ltd now owns 50,887 shares of the industrial products company’s stock worth $466,000 after buying an additional 36,235 shares during the last quarter. State Street Corp increased its stake in shares of Advanced Emissions Solutions by 1,604.4% in the second quarter. State Street Corp now owns 253,958 shares of the industrial products company’s stock worth $2,327,000 after buying an additional 239,058 shares during the last quarter. Finally, Royal Bank of Canada bought a new stake in shares of Advanced Emissions Solutions in the second quarter worth $265,000. Institutional investors own 68.76% of the company’s stock.

A number of analysts recently issued reports on ADES shares. Canaccord Genuity restated a “buy” rating and issued a $20.00 price target on shares of Advanced Emissions Solutions in a research note on Thursday, September 28th. ValuEngine lowered shares of Advanced Emissions Solutions from a “strong-buy” rating to a “buy” rating in a research note on Thursday, June 15th. Zacks Investment Research lowered shares of Advanced Emissions Solutions from a “buy” rating to a “hold” rating in a research note on Monday, August 14th. Finally, HC Wainwright set a $18.00 price target on shares of Advanced Emissions Solutions and gave the stock a “buy” rating in a research note on Wednesday, August 9th. One research analyst has rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the stock. Advanced Emissions Solutions currently has an average rating of “Buy” and a consensus price target of $17.00.

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Shares of Advanced Emissions Solutions, Inc. (ADES) traded down 1.86% during mid-day trading on Friday, hitting $11.61. 125,162 shares of the company were exchanged. Advanced Emissions Solutions, Inc. has a 12-month low of $7.35 and a 12-month high of $12.25. The stock’s 50-day moving average price is $10.22 and its 200 day moving average price is $9.80. The stock has a market cap of $241.43 million, a PE ratio of 2.59 and a beta of 2.87.

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.

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

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