Coliseum Capital Management, LLC Has Stake in Advanced Emissions Solutions, Inc. (ADES)

Coliseum Capital Management, LLC

recently revealed that they own 9.4% of Advanced Emissions Solutions, Inc. (NASDAQ:ADES) in a Schedule 13G disclosure that was filed with the Securities and Exchange Commission on Friday, May 12th. The investor owns 2,090,456 shares of the stock worth $19,838,427. The reporting parties listed on the disclosure included Coliseum Capital Management, LLC, Coliseum Capital, LLC, Coliseum Capital Partners, LP, Coliseum Capital Partners II, LP, Adam Gray and Christopher Shackelton. The filing is available through EDGAR at this hyperlink.

Coliseum Capital Management, LLC

provided the following explanation of their ownership:

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A number of other hedge funds have also added to or reduced their stakes in the stock. State Street Corp raised its stake in Advanced Emissions Solutions by 15.5% in the fourth quarter. State Street Corp now owns 14,900 shares of the industrial products company’s stock valued at $138,000 after buying an additional 2,000 shares in the last quarter. Bank of New York Mellon Corp raised its stake in Advanced Emissions Solutions by 40.4% in the first quarter. Bank of New York Mellon Corp now owns 16,543 shares of the industrial products company’s stock valued at $158,000 after buying an additional 4,757 shares in the last quarter. California Public Employees Retirement System acquired a new stake in Advanced Emissions Solutions during the third quarter valued at approximately $238,000. Segantii Capital Management Ltd acquired a new stake in Advanced Emissions Solutions during the first quarter valued at approximately $275,000. Finally, AXA acquired a new stake in Advanced Emissions Solutions during the first quarter valued at approximately $529,000. 59.13% of the stock is owned by institutional investors and hedge funds.

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

Shares of Advanced Emissions Solutions, Inc. (NASDAQ:ADES) traded down 0.32% during midday trading on Friday, hitting $9.49. 62,678 shares of the company traded hands. The stock’s 50-day moving average is $9.31 and its 200 day moving average is $9.65. Advanced Emissions Solutions, Inc. has a 12-month low of $6.21 and a 12-month high of $12.25. The stock has a market capitalization of $209.46 million, a P/E ratio of 2.10 and a beta of 2.39.

Advanced Emissions Solutions (NASDAQ:ADES) last released its quarterly earnings data on Monday, May 8th. The industrial products company reported $0.39 earnings per share for the quarter, missing the consensus estimate of $0.50 by $0.11. Advanced Emissions Solutions had a negative return on equity of 135.75% and a net margin of 31.45%. The firm had revenue of $7.39 million for the quarter, compared to the consensus estimate of $12.40 million. On average, analysts expect that Advanced Emissions Solutions, Inc. will post $2.57 earnings per share for the current year.

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ADES has been the subject of several recent research reports. TheStreet raised shares of Advanced Emissions Solutions from a “d-” rating to a “b-” rating in a research note on Friday, April 7th. Rodman & Renshaw initiated coverage on shares of Advanced Emissions Solutions in a research note on Monday, February 6th. They set a “buy” rating and a $18.00 target price for the company. Finally, Zacks Investment Research raised shares of Advanced Emissions Solutions from a “strong sell” rating to a “hold” rating in a research note on Tuesday.

About Advanced Emissions Solutions

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.

12 Month Chart for NASDAQ:ADES

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