Jeremy Blank Sells 154,293 Shares of Advanced Emissions Solutions, Inc. (NASDAQ:ADES) Stock

Advanced Emissions Solutions, Inc. (NASDAQ:ADES – Get Rating) Director Jeremy Blank sold 154,293 shares of the business’s stock in a transaction on Thursday, March 9th. The stock was sold at an average price of $4.00, for a total transaction of $617,172.00. Following the completion of the sale, the director now directly owns 477,573 shares of the company’s stock, valued at $1,910,292. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Advanced Emissions Solutions Price Performance

ADES stock opened at $2.32 on Wednesday. The firm’s 50-day moving average price is $2.91 and its two-hundred day moving average price is $2.89. Advanced Emissions Solutions, Inc. has a 12-month low of $2.11 and a 12-month high of $6.77. The stock has a market capitalization of $44.34 million, a price-to-earnings ratio of -4.73 and a beta of 0.94. The company has a current ratio of 4.42, a quick ratio of 3.68 and a debt-to-equity ratio of 0.02.

Hedge Funds Weigh In On Advanced Emissions Solutions

Hedge funds and other institutional investors have recently modified their holdings of the stock. Virtu Financial LLC purchased a new position in shares of Advanced Emissions Solutions during the third quarter valued at about $41,000. Prelude Capital Management LLC increased its position in shares of Advanced Emissions Solutions by 30.8% during the first quarter. Prelude Capital Management LLC now owns 17,400 shares of the industrial products company’s stock valued at $108,000 after buying an additional 4,100 shares during the period. JPMorgan Chase & Co. increased its position in shares of Advanced Emissions Solutions by 24.6% during the first quarter. JPMorgan Chase & Co. now owns 17,738 shares of the industrial products company’s stock valued at $110,000 after buying an additional 3,504 shares during the period. Trexquant Investment LP boosted its stake in Advanced Emissions Solutions by 99.1% during the second quarter. Trexquant Investment LP now owns 24,607 shares of the industrial products company’s stock worth $115,000 after acquiring an additional 12,250 shares in the last quarter. Finally, Invesco Ltd. boosted its stake in Advanced Emissions Solutions by 38.2% during the first quarter. Invesco Ltd. now owns 39,912 shares of the industrial products company’s stock worth $248,000 after acquiring an additional 11,040 shares in the last quarter. Hedge funds and other institutional investors own 35.48% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have issued reports on ADES shares. StockNews.com started coverage on shares of Advanced Emissions Solutions in a research report on Friday, March 10th. They issued a “hold” rating on the stock. TheStreet cut shares of Advanced Emissions Solutions from a “c-” rating to a “d” rating in a research report on Wednesday, November 23rd. Finally, Roth Capital started coverage on shares of Advanced Emissions Solutions in a research report on Friday, February 17th. They issued a “buy” rating and a $6.00 price objective on the stock.

About Advanced Emissions Solutions

(Get Rating)

Advanced Emissions Solutions, Inc is a holding company. engages in the provision of environmental and emission control equipment to power generation industry. It operates through the following Segments: Refined Coal and Advanced Purification Technologies. The Refined Coal segment includes Tinuum Group, Tinuum Services, and GWN Manager.