Wasatch Advisors LP Invests $30.47 Million in Atlas Energy Solutions Inc. $AESI

Wasatch Advisors LP purchased a new position in shares of Atlas Energy Solutions Inc. (NYSE:AESI) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 1,834,289 shares of the company’s stock, valued at approximately $30,468,000.

Other large investors have also bought and sold shares of the company. EverSource Wealth Advisors LLC acquired a new stake in shares of Atlas Energy Solutions during the second quarter worth $25,000. Quarry LP acquired a new position in shares of Atlas Energy Solutions during the 3rd quarter worth about $26,000. Caitong International Asset Management Co. Ltd grew its position in shares of Atlas Energy Solutions by 91,500.0% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 2,748 shares of the company’s stock worth $26,000 after buying an additional 2,745 shares during the period. Islay Capital Management LLC bought a new stake in shares of Atlas Energy Solutions in the 4th quarter valued at about $28,000. Finally, State of Wyoming bought a new stake in shares of Atlas Energy Solutions in the 1st quarter valued at about $48,000. 34.59% of the stock is currently owned by institutional investors and hedge funds.

Atlas Energy Solutions Trading Down 1.5%

NYSE AESI opened at $11.80 on Thursday. The firm has a market cap of $1.47 billion, a P/E ratio of -12.42 and a beta of 1.13. The company has a debt-to-equity ratio of 0.87, a current ratio of 1.82 and a quick ratio of 1.58. The stock’s 50-day moving average is $14.30 and its 200-day moving average is $14.09. Atlas Energy Solutions Inc. has a one year low of $7.64 and a one year high of $20.13.

Wall Street Analyst Weigh In

AESI has been the topic of several recent analyst reports. Stifel Nicolaus reduced their price objective on shares of Atlas Energy Solutions from $28.00 to $25.00 and set a “buy” rating on the stock in a research note on Thursday, August 6th. Weiss Ratings downgraded shares of Atlas Energy Solutions from a “sell (d+)” rating to a “sell (d)” rating in a research note on Friday, August 7th. Royal Bank Of Canada cut their target price on shares of Atlas Energy Solutions from $21.00 to $17.00 and set a “sector perform” rating on the stock in a report on Wednesday, August 5th. Raymond James Financial upgraded shares of Atlas Energy Solutions from a “market perform” rating to an “outperform” rating and set a $25.00 target price on the stock in a report on Tuesday, June 2nd. Finally, The Goldman Sachs Group set a $12.00 price target on shares of Atlas Energy Solutions in a research report on Friday, August 7th. Four research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and three have assigned a Sell rating to the stock. Based on data from MarketBeat.com, Atlas Energy Solutions presently has an average rating of “Hold” and a consensus price target of $18.12.

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.