Venturi Wealth Management LLC Has $24.09 Million Stock Holdings in Atlas Energy Solutions Inc. (NYSE:AESI)

Venturi Wealth Management LLC trimmed its holdings in shares of Atlas Energy Solutions Inc. (NYSE:AESI) by 9.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,086,254 shares of the company’s stock after selling 116,500 shares during the period. Atlas Energy Solutions accounts for about 1.2% of Venturi Wealth Management LLC’s investment portfolio, making the stock its 16th biggest holding. Venturi Wealth Management LLC owned approximately 0.99% of Atlas Energy Solutions worth $24,093,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in AESI. Quest Partners LLC bought a new position in Atlas Energy Solutions in the third quarter valued at approximately $48,000. FMR LLC increased its position in shares of Atlas Energy Solutions by 101.0% during the 3rd quarter. FMR LLC now owns 2,696 shares of the company’s stock worth $59,000 after purchasing an additional 1,355 shares during the last quarter. CWM LLC raised its position in Atlas Energy Solutions by 47.1% during the third quarter. CWM LLC now owns 2,766 shares of the company’s stock worth $60,000 after acquiring an additional 886 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in shares of Atlas Energy Solutions by 55.2% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,745 shares of the company’s stock valued at $125,000 after purchasing an additional 2,043 shares during the period. Finally, Emerald Advisers LLC raised its stake in Atlas Energy Solutions by 28.4% in the 3rd quarter. Emerald Advisers LLC now owns 10,850 shares of the company’s stock valued at $237,000 after acquiring an additional 2,400 shares during the period. Institutional investors own 34.59% of the company’s stock.

Insiders Place Their Bets

In other Atlas Energy Solutions news, major shareholder Brian Anthony Leveille sold 10,000 shares of the stock in a transaction that occurred on Thursday, November 21st. The stock was sold at an average price of $21.50, for a total value of $215,000.00. Following the completion of the sale, the insider now owns 472,010 shares in the company, valued at approximately $10,148,215. This trade represents a 2.07 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, major shareholder Stacy Hock sold 8,571 shares of Atlas Energy Solutions stock in a transaction dated Wednesday, December 18th. The shares were sold at an average price of $22.55, for a total transaction of $193,276.05. Following the sale, the insider now directly owns 917,604 shares in the company, valued at $20,691,970.20. The trade was a 0.93 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 116,071 shares of company stock valued at $2,708,851 over the last quarter. 24.34% of the stock is owned by corporate insiders.

Atlas Energy Solutions Price Performance

Shares of NYSE AESI opened at $21.85 on Tuesday. The stock’s 50-day simple moving average is $22.66 and its two-hundred day simple moving average is $21.61. Atlas Energy Solutions Inc. has a twelve month low of $17.39 and a twelve month high of $26.86. The firm has a market capitalization of $2.41 billion, a P/E ratio of 27.65, a P/E/G ratio of 6.39 and a beta of 1.03. The company has a quick ratio of 1.08, a current ratio of 1.23 and a debt-to-equity ratio of 0.42.

Analyst Upgrades and Downgrades

AESI has been the subject of several recent research reports. Benchmark boosted their price target on Atlas Energy Solutions from $23.00 to $28.00 and gave the company a “buy” rating in a research note on Wednesday, January 29th. Stephens increased their target price on shares of Atlas Energy Solutions from $28.00 to $29.00 and gave the stock an “overweight” rating in a report on Tuesday, January 28th. Pickering Energy Partners downgraded Atlas Energy Solutions from an “outperform” rating to a “neutral” rating in a report on Wednesday, October 30th. Raymond James lowered shares of Atlas Energy Solutions from a “strong-buy” rating to a “hold” rating in a report on Monday, January 6th. Finally, Citigroup cut Atlas Energy Solutions from a “buy” rating to a “neutral” rating and reduced their target price for the company from $23.00 to $22.00 in a report on Thursday, November 14th. Six investment analysts have rated the stock with a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, Atlas Energy Solutions presently has an average rating of “Moderate Buy” and an average target price of $25.50.

About Atlas Energy Solutions

Atlas Energy Solutions Inc engages in the production, processing, and sale of mesh and sand that are used as a proppant during the well completion process in the Permian Basin of Texas and New Mexico. The company provides transportation and logistics, storage solutions, and contract labor services. It sells its products and services to oil and natural gas exploration and production companies, and oilfield services companies.