Evergreen Capital Management LLC Has $15.72 Million Holdings in Atlas Energy Solutions Inc. $AESI

Evergreen Capital Management LLC boosted its holdings in shares of Atlas Energy Solutions Inc. (NYSE:AESI) by 4.9% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,382,120 shares of the company’s stock after buying an additional 64,630 shares during the quarter. Evergreen Capital Management LLC’s holdings in Atlas Energy Solutions were worth $15,715,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in AESI. Liontrust Investment Partners LLP boosted its stake in shares of Atlas Energy Solutions by 5,408.1% during the 2nd quarter. Liontrust Investment Partners LLP now owns 1,075,400 shares of the company’s stock worth $14,378,000 after acquiring an additional 1,055,876 shares in the last quarter. CenterBook Partners LP grew its holdings in Atlas Energy Solutions by 1,359.1% during the second quarter. CenterBook Partners LP now owns 921,889 shares of the company’s stock valued at $12,326,000 after purchasing an additional 858,708 shares during the last quarter. Ameriprise Financial Inc. raised its position in shares of Atlas Energy Solutions by 431.2% in the second quarter. Ameriprise Financial Inc. now owns 829,348 shares of the company’s stock valued at $11,088,000 after purchasing an additional 673,221 shares during the period. Cooke & Bieler LP lifted its stake in shares of Atlas Energy Solutions by 23.8% in the second quarter. Cooke & Bieler LP now owns 3,219,440 shares of the company’s stock worth $43,044,000 after buying an additional 619,347 shares during the last quarter. Finally, Pine Ridge Advisers LLC boosted its holdings in shares of Atlas Energy Solutions by 83.7% during the 2nd quarter. Pine Ridge Advisers LLC now owns 1,212,980 shares of the company’s stock worth $16,218,000 after buying an additional 552,500 shares during the period. Institutional investors and hedge funds own 34.59% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on AESI shares. Royal Bank Of Canada set a $12.00 target price on shares of Atlas Energy Solutions in a report on Thursday. Barclays reiterated an “underweight” rating and issued a $7.00 price objective (down from $11.00) on shares of Atlas Energy Solutions in a research note on Friday, November 14th. The Goldman Sachs Group lowered Atlas Energy Solutions from a “neutral” rating to a “sell” rating and lowered their target price for the company from $12.00 to $8.00 in a report on Thursday, November 20th. Weiss Ratings reiterated a “sell (d+)” rating on shares of Atlas Energy Solutions in a report on Monday, December 29th. Finally, Piper Sandler reduced their price objective on Atlas Energy Solutions from $12.00 to $10.00 and set a “neutral” rating for the company in a research report on Monday, November 17th. Four investment analysts have rated the stock with a Buy rating, two have issued a Hold rating and three have assigned a Sell rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $14.43.

Insider Activity

In related news, major shareholder Chris Scholla sold 52,150 shares of the company’s stock in a transaction on Tuesday, November 18th. The stock was sold at an average price of $8.82, for a total value of $459,963.00. Following the completion of the transaction, the insider directly owned 550,907 shares in the company, valued at approximately $4,858,999.74. This represents a 8.65% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Corporate insiders own 15.98% of the company’s stock.

Atlas Energy Solutions Trading Up 1.2%

Shares of AESI opened at $11.06 on Friday. The stock’s 50-day moving average price is $9.56 and its 200 day moving average price is $11.10. The company has a quick ratio of 1.09, a current ratio of 1.35 and a debt-to-equity ratio of 0.43. The firm has a market capitalization of $1.37 billion, a price-to-earnings ratio of -122.89 and a beta of 1.24. Atlas Energy Solutions Inc. has a 12-month low of $7.64 and a 12-month high of $26.86.

About Atlas Energy Solutions

Atlas Energy Solutions (NYSE: AESI) is an independent energy infrastructure company specializing in the development and operation of low-carbon and renewable natural gas (RNG) projects alongside complementary clean energy offerings. Through its diversified platform, the company seeks to deliver decarbonization solutions across heavy-duty transportation and industrial markets, leveraging technologies that reduce greenhouse gas emissions while providing reliable fuel and energy services.

The company’s core business activities encompass four primary segments.