Atlas Energy Solutions Inc. $AESI Shares Purchased by Liontrust Investment Partners LLP

Liontrust Investment Partners LLP raised its stake in Atlas Energy Solutions Inc. (NYSE:AESI) by 5,408.1% in the second quarter, HoldingsChannel reports. The fund owned 1,075,400 shares of the company’s stock after purchasing an additional 1,055,876 shares during the period. Liontrust Investment Partners LLP’s holdings in Atlas Energy Solutions were worth $14,378,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also bought and sold shares of the company. American Century Companies Inc. boosted its position in Atlas Energy Solutions by 144.8% during the first quarter. American Century Companies Inc. now owns 677,849 shares of the company’s stock worth $12,093,000 after purchasing an additional 400,984 shares in the last quarter. Vanguard Group Inc. raised its stake in shares of Atlas Energy Solutions by 16.5% during the 1st quarter. Vanguard Group Inc. now owns 8,054,677 shares of the company’s stock worth $143,695,000 after buying an additional 1,139,352 shares during the period. Northern Trust Corp lifted its position in shares of Atlas Energy Solutions by 7.6% during the 1st quarter. Northern Trust Corp now owns 966,528 shares of the company’s stock valued at $17,243,000 after buying an additional 68,275 shares in the last quarter. Ashford Capital Management Inc. grew its stake in Atlas Energy Solutions by 46.0% in the 1st quarter. Ashford Capital Management Inc. now owns 1,164,775 shares of the company’s stock valued at $20,780,000 after acquiring an additional 367,100 shares during the period. Finally, Public Sector Pension Investment Board increased its holdings in Atlas Energy Solutions by 50.8% in the 1st quarter. Public Sector Pension Investment Board now owns 227,777 shares of the company’s stock worth $4,064,000 after acquiring an additional 76,706 shares in the last quarter. Hedge funds and other institutional investors own 34.59% of the company’s stock.

Wall Street Analyst Weigh In

AESI has been the topic of several recent analyst reports. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Atlas Energy Solutions in a report on Monday, December 8th. The Goldman Sachs Group downgraded shares of Atlas Energy Solutions from a “neutral” rating to a “sell” rating and reduced their price target for the stock from $12.00 to $8.00 in a research report on Thursday, November 20th. Barclays reiterated an “underweight” rating and issued a $7.00 price objective (down from $11.00) on shares of Atlas Energy Solutions in a report on Friday, November 14th. Piper Sandler cut their price objective on Atlas Energy Solutions from $12.00 to $10.00 and set a “neutral” rating for the company in a research note on Monday, November 17th. Finally, Citigroup decreased their target price on Atlas Energy Solutions from $12.00 to $11.00 and set a “neutral” rating on the stock in a research report on Wednesday, October 1st. Four equities research analysts have rated the stock with a Buy rating, five have issued a Hold rating and two have given a Sell rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $15.94.

Atlas Energy Solutions Stock Performance

AESI opened at $10.08 on Friday. Atlas Energy Solutions Inc. has a twelve month low of $7.64 and a twelve month high of $26.86. The firm has a market capitalization of $1.25 billion, a PE ratio of -112.03 and a beta of 1.29. The company has a current ratio of 1.35, a quick ratio of 1.09 and a debt-to-equity ratio of 0.43. The firm’s 50-day moving average price is $10.13 and its 200 day moving average price is $11.73.

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.