Alta Fundamental Advisers LLC has recently announced that it has increased stake in Advanced Emissions Solutions Inc. (NASDAQ:ADES) by 0.76%. After grabbing 2.01 million shares, the institutional investor is now in possession of 15159.0 shares of the Industrials Company. The new investment brought the stake of investor firm to 10.50% having worth around $4.88 million. Moreover, Bridgeway Capital Management LLC increased its share by 7900.0 to have a control over 0.57 million shares. And Acadian Asset Management LLC raised its holdings to 29561.0 shares by acquiring 0.2 million shares or 1.02% of the stake.
Advanced Emissions Solutions Inc. (ADES) concluded trading on 01/18/23 at a closing price of $2.64, with 1.96 million shares of worth about $5.17 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -43.23% during that period and on Wednesday the price saw a gain of about 2.33%. Currently the company’s common shares owned by public are about 19.11M shares, out of which, 18.70M shares are available for trading.
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A deeper look into what the analysts at Wall Street are thinking about the price target of this stock provides us with the following: 1 analysts are covering the ADES stock and their offered price forecasts bring an average price target of $15.00. Over the next 12 months, analysts forecasted that the stock’s price could jump as high as $15.00 and could fall to a lowest price of $15.00. However, touching the estimated high of $15.00 would mean a gain of 82.4% for the stock.
According to filings with the U.S. Securities and Exchange Commission (SEC), insiders took part in trade of the company’s stock for 9 times over the past 12 months. They bought 121,203 shares in 7 of the transactions. In 2 selling transactions, insiders dumped 9,185 shares.
Vanguard Total Stock Market Index, Bridgeway Ultra Small Company Fun, and Vanguard Extended Market Index Fu are the top 3 mutual funds which are holding stakes in Advanced Emissions Solutions Inc. Vanguard Total Stock Market Index is currently holding 0.44 million shares of worth totaling $1.07 million. The company recently came buying 0.0 shares which brought its stake up to 2.31% of the company’s outstanding shares. Bridgeway Ultra Small Company Fun bought 7900.0 shares, after which its hold over company’s outstanding shares expand to 1.60%, leaving 0.31 million shares with the mutual fund that have a worth of about $0.74 million. Vanguard Extended Market Index Fu, after buying 0.28 million shares, have now control over 1.47% of the stake in the company. It holds 0.0 shares of worth $0.68 million.
Advanced Emissions Solutions Inc. (NASDAQ: ADES) started trading at $2.59, above $0.01 from concluding price of the previous day. However, the stock later moved at a day high price of 2.7000, or with a gain of 2.33%. Stock saw a price change of 4.76% in past 5 days and over the past one month there was a price change of 16.81%. Year-to-date (YTD), ADES shares are showing a performance of 8.64% which decreased to -60.00% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $2.11 but also hit the highest price of $7.00 during that period. The average intraday trading volume for Advanced Emissions Solutions Inc. shares is 63.63K. The stock is currently trading 11.28% above its 20-day simple moving average (SMA20), while that difference is up 1.27% for SMA50 and it goes to -34.84% lower than SMA200.
Alta Fundamental Advisers LLC acquired 2.01 million shares of Advanced Emissions Solutions Inc. having value of about $4.88 million. Data submitted at the U.S SEC by Alta Fundamental Advisers LLC revealed that the firm now holds 15159.0 shares in the company valued at close to $40019.76, or have control over 0.76% stake in the company. Advanced Emissions Solutions Inc. (NASDAQ: ADES) currently have 19.11M outstanding shares and institutions hold larger chunk of about 36.50% of that. Holding of mutual funds in the company is about 25.41% while other institutional holders and individual stake holders have control over 34.04% and 10.43% of the stake respectively.
The stock has a current market capitalization of $49.71M and its 3Y-monthly beta is at 0.81. It has posted earnings per share of -$0.00 in the same period. It has Quick Ratio of 3.90 while making debt-to-equity ratio of 0.03. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for ADES, volatility over the week remained 5.57% while standing at 5.81% over the month.
Analysts are in expectations that Advanced Emissions Solutions Inc. (ADES) stock would likely to be making an EPS of $0 in the current quarter, while forecast for next quarter EPS is $0 and it is $0 for next year. For the current quarter EPS, analysts have given the company a lowest target $0 which is $0 at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of $0.44 in the same quarter a year ago. Stock’s fiscal year EPS is expected to rise by 389.30%. EPS is likely to grow at an annualized rate of 50.00% for next 5-years, compared to annual growth of -5.50% made by the stock over the past 5-years.
Analysts at 1 brokerage firms have issued recommendations for the Advanced Emissions Solutions Inc. (ADES)’s stock and average of those rates the stock at a “Moderate Buy” and assign it a score of 2.00. Out of those 1 Wall Street analysts, 1 recommended a “Buy” rating, while 0 were in favor recommending the stock as a “Hold” and 0 analyst recommended the stock as “Sell”.
Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by Rodman & Renshaw on February 06, 2017 offering a Buy rating for the stock and assigned a target price of $18 to it.
