Is Advanced Emissions Solutions, Inc. (ADES) a Good Stock to Buy?

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Let’s now take a look at hedge fund activity in other stocks similar to Advanced Emissions Solutions, Inc. (NASDAQ:ADES). We will take a look at Westmoreland Coal Company (NASDAQ:WLB), KEMET Corporation (NYSE:KEM), Dawson Geophysical Company (NASDAQ:DWSN), and JTH Holding Inc (NASDAQ:TAX). This group of stocks’ market valuations resemble ADES’s market valuation.

Ticker No of HFs with positions Total Value of HF Positions (x1000) Change in HF Position
WLB 15 53157 3
KEM 8 15934 2
DWSN 6 26786 0
TAX 5 24517 -2

As you can see these stocks had an average of 8.5 hedge funds with bullish positions and the average amount invested in these stocks was $30 million. That figure was $45 million in ADES’s case. Westmoreland Coal Company (NASDAQ:WLB) is the most popular stock in this table. On the other hand JTH Holding Inc (NASDAQ:TAX) is the least popular one with only 5 bullish hedge fund positions. Advanced Emissions Solutions, Inc. (NASDAQ:ADES) is not the least popular stock in this group but hedge fund interest is still below average. This is a slightly negative signal and we’d rather spend our time researching stocks that hedge funds are piling on. In this regard WLB might be a better candidate to consider taking a long position in.

Disclosure: None


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