Wittenberg Investment Management Inc. Decreases Stake in Adams Resources & Energy, Inc. (NYSE:AE)

Wittenberg Investment Management Inc. cut its stake in shares of Adams Resources & Energy, Inc. (NYSE:AE) by 2.9% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 20,705 shares of the company’s stock after selling 610 shares during the quarter. Wittenberg Investment Management Inc. owned about 0.81% of Adams Resources & Energy worth $782,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in the stock. Chicago Capital Management LLC acquired a new position in Adams Resources & Energy during the fourth quarter worth about $3,648,000. Raymond James Financial Inc. purchased a new stake in shares of Adams Resources & Energy during the 4th quarter worth approximately $524,000. Cerity Partners LLC grew its holdings in shares of Adams Resources & Energy by 117.1% in the 3rd quarter. Cerity Partners LLC now owns 20,350 shares of the company’s stock worth $549,000 after acquiring an additional 10,977 shares during the period. Atria Investments Inc purchased a new position in Adams Resources & Energy in the 4th quarter valued at approximately $257,000. Finally, Net Worth Advisory Group acquired a new position in Adams Resources & Energy during the fourth quarter worth $209,000. Hedge funds and other institutional investors own 57.81% of the company’s stock.

Adams Resources & Energy Price Performance

AE stock opened at $37.98 on Friday. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.04 and a quick ratio of 0.89. The company’s 50 day simple moving average is $37.97 and its 200-day simple moving average is $34.51. Adams Resources & Energy, Inc. has a 12 month low of $22.30 and a 12 month high of $38.00. The firm has a market capitalization of $97.61 million, a PE ratio of -12.02 and a beta of 0.83.

Wall Street Analysts Forecast Growth

Separately, StockNews.com initiated coverage on Adams Resources & Energy in a report on Saturday, March 29th. They issued a “buy” rating on the stock.

About Adams Resources & Energy

Adams Resources & Energy, Inc engages in the business of crude oil marketing, transportation and storage in various crude oil and natural gas basins. It operates through the following segments: crude oil marketing, transportation and storage, tank truck transportation of liquid chemicals, pressurized gases, asphalt and dry bulk, and pipeline transportation, terminalling and storage of crude oil.