Vanguard Group Inc. Purchases 248,754 Shares of Atlas Energy Solutions Inc. $AESI

Vanguard Group Inc. boosted its position in shares of Atlas Energy Solutions Inc. (NYSE:AESI) by 3.3% in the third quarter, Holdings Channel.com reports. The institutional investor owned 7,793,029 shares of the company’s stock after acquiring an additional 248,754 shares during the period. Vanguard Group Inc. owned about 0.06% of Atlas Energy Solutions worth $88,607,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in AESI. EverSource Wealth Advisors LLC purchased a new stake in shares of Atlas Energy Solutions during the 2nd quarter worth approximately $25,000. CWM LLC increased its position in Atlas Energy Solutions by 244.4% in the second quarter. CWM LLC now owns 2,235 shares of the company’s stock worth $30,000 after purchasing an additional 1,586 shares during the last quarter. Centerpoint Advisors LLC raised its stake in Atlas Energy Solutions by 270.6% during the third quarter. Centerpoint Advisors LLC now owns 2,850 shares of the company’s stock valued at $32,000 after purchasing an additional 2,081 shares in the last quarter. Nisa Investment Advisors LLC raised its stake in Atlas Energy Solutions by 233.5% during the second quarter. Nisa Investment Advisors LLC now owns 2,668 shares of the company’s stock valued at $36,000 after purchasing an additional 1,868 shares in the last quarter. Finally, BNP Paribas Financial Markets lifted its position in Atlas Energy Solutions by 43.4% during the second quarter. BNP Paribas Financial Markets now owns 7,823 shares of the company’s stock valued at $105,000 after purchasing an additional 2,369 shares during the last quarter. Hedge funds and other institutional investors own 34.59% of the company’s stock.

Analyst Ratings Changes

AESI has been the topic of several recent research reports. Barclays upped their target price on shares of Atlas Energy Solutions from $7.00 to $8.00 and gave the company an “underweight” rating in a research report on Thursday, February 26th. Stifel Nicolaus set a $13.00 price objective on Atlas Energy Solutions in a research report on Tuesday, February 24th. Stephens set a $16.00 target price on Atlas Energy Solutions in a report on Tuesday, January 27th. The Goldman Sachs Group increased their price target on Atlas Energy Solutions from $8.00 to $9.00 and gave the company a “sell” rating in a report on Wednesday. Finally, Zacks Research upgraded Atlas Energy Solutions from a “strong sell” rating to a “hold” rating in a research report on Monday, January 26th. Three research analysts have rated the stock with a Buy rating, three have issued a Hold rating and three have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $11.20.

Insiders Place Their Bets

In other Atlas Energy Solutions news, insider Gregory M. Shepard sold 130,000 shares of the stock in a transaction on Wednesday, February 18th. The stock was sold at an average price of $11.98, for a total value of $1,557,400.00. Following the sale, the insider owned 7,421,210 shares in the company, valued at $88,906,095.80. This trade represents a 1.72% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 15.98% of the stock is currently owned by insiders.

Atlas Energy Solutions Trading Up 12.6%

Shares of NYSE AESI opened at $11.31 on Friday. Atlas Energy Solutions Inc. has a fifty-two week low of $7.64 and a fifty-two week high of $19.00. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.16 and a current ratio of 1.46. The company has a market cap of $1.40 billion, a price-to-earnings ratio of -28.27 and a beta of 1.31. The business’s 50 day moving average price is $10.91 and its 200-day moving average price is $10.65.

Atlas Energy Solutions Profile

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.