Texas Capital Bank Wealth Management Services Inc Buys New Position in Atlas Energy Solutions Inc. $AESI

Texas Capital Bank Wealth Management Services Inc bought a new stake in shares of Atlas Energy Solutions Inc. (NYSE:AESI) in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 100,000 shares of the company’s stock, valued at approximately $942,000. Texas Capital Bank Wealth Management Services Inc owned approximately 0.08% of Atlas Energy Solutions as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Thrivent Financial for Lutherans raised its holdings in shares of Atlas Energy Solutions by 1.7% during the second quarter. Thrivent Financial for Lutherans now owns 53,631 shares of the company’s stock valued at $717,000 after acquiring an additional 874 shares in the last quarter. Belpointe Asset Management LLC raised its holdings in shares of Atlas Energy Solutions by 3.5% during the third quarter. Belpointe Asset Management LLC now owns 36,262 shares of the company’s stock valued at $412,000 after acquiring an additional 1,232 shares in the last quarter. Alliancebernstein L.P. raised its holdings in shares of Atlas Energy Solutions by 2.1% during the third quarter. Alliancebernstein L.P. now owns 72,580 shares of the company’s stock valued at $825,000 after acquiring an additional 1,500 shares in the last quarter. Comerica Bank raised its holdings in shares of Atlas Energy Solutions by 2.2% during the third quarter. Comerica Bank now owns 70,197 shares of the company’s stock valued at $798,000 after acquiring an additional 1,504 shares in the last quarter. Finally, Central Pacific Bank Trust Division raised its holdings in shares of Atlas Energy Solutions by 7.0% during the fourth quarter. Central Pacific Bank Trust Division now owns 25,405 shares of the company’s stock valued at $239,000 after acquiring an additional 1,662 shares in the last quarter. Institutional investors own 34.59% of the company’s stock.

Atlas Energy Solutions Trading Down 6.2%

NYSE AESI opened at $17.03 on Friday. Atlas Energy Solutions Inc. has a 12 month low of $7.64 and a 12 month high of $20.13. The stock has a market cap of $2.13 billion, a P/E ratio of -21.55 and a beta of 1.08. The stock’s fifty day moving average price is $15.49 and its 200-day moving average price is $12.25. The company has a current ratio of 1.17, a quick ratio of 0.94 and a debt-to-equity ratio of 0.51.

Insider Activity at Atlas Energy Solutions

In other news, major shareholder Chris Scholla sold 8,912 shares of the stock in a transaction on Friday, March 6th. The stock was sold at an average price of $11.79, for a total value of $105,072.48. Following the sale, the insider directly owned 567,972 shares of the company’s stock, valued at approximately $6,696,389.88. This represents a 1.54% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 16.40% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on the company. Piper Sandler increased their price objective on Atlas Energy Solutions from $13.00 to $19.00 and gave the stock a “neutral” rating in a report on Monday, May 18th. Weiss Ratings downgraded Atlas Energy Solutions from a “sell (d+)” rating to a “sell (d)” rating in a report on Wednesday, May 6th. Citigroup increased their price objective on Atlas Energy Solutions from $18.00 to $22.00 and gave the stock a “buy” rating in a report on Tuesday, May 12th. Royal Bank Of Canada increased their price objective on Atlas Energy Solutions from $14.00 to $20.00 and gave the stock a “sector perform” rating in a report on Wednesday, May 6th. Finally, Barclays increased their price objective on Atlas Energy Solutions from $12.00 to $16.00 and gave the stock an “underweight” rating in a report on Friday, May 8th. Three equities research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and three have issued a Sell rating to the company. According to MarketBeat, Atlas Energy Solutions has an average rating of “Hold” and an average price target of $18.57.

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.