SCHEDULE 13G/A: Wax Asset Management Divests Entire Stake in Energy Services of America CORP

Wax Asset Management, LLC has filed an amended Schedule 13G indicating it no longer holds any beneficial ownership in Energy Services of America CORP common stock.

Summary

• Wax Asset Management, LLC, an investment adviser based in Madison, CT, has filed an Amendment No. 2 to its Schedule 13G.
• The filing indicates that as of December 31, 2024, Wax Asset Management, LLC beneficially owns 0 shares of Energy Services of America CORP common stock.
• This represents 0% of the class of securities, signifying a complete divestment or reduction below the reporting threshold from their previous holdings.
• The CUSIP number for the securities is 29271Q103.
• The filing certifies that the securities were acquired and are held in the ordinary course of business and not for the purpose of changing or influencing control of the issuer.

Sentiment

Score: 4

Explanation: The document itself is a neutral factual report of ownership change. However, the implication of an institutional investor reducing its stake to zero could be interpreted as a slightly negative signal for the issuer, as it suggests a lack of continued confidence from that specific investor.

Negatives

• The complete divestment of shares by an institutional investor like Wax Asset Management, LLC could be perceived by the market as a negative signal regarding Energy Services of America CORP's future prospects or current valuation, although the filing does not provide reasons for the divestment.

Future Outlook

The document does not contain any forward-looking statements or guidance regarding Energy Services of America CORP's future outlook.

Industry Context

This filing is a routine disclosure of a change in beneficial ownership by an institutional investor and does not provide broader industry context or trends. It reflects a specific investment decision by Wax Asset Management, LLC regarding Energy Services of America CORP.

Stakeholder Impact

• Shareholders of Energy Services of America CORP may note the divestment by Wax Asset Management, LLC, which could influence their perception of the company's stock.

Key Dates

Keywords

Energy Services of America CORP, Wax Asset Management, Schedule 13G, SEC filing, beneficial ownership, common stock, divestment, institutional investor