1,834,289 Shares in Atlas Energy Solutions Inc. $AESI Purchased by Wasatch Advisors LP

Key Points

• Wasatch Advisors LP purchased 1,834,289 shares of Atlas Energy Solutions in the second quarter, valued at approximately $30.5 million and representing a 1.47% stake.
• Institutional investors and hedge funds own 34.59% of AESI, while several other firms modestly increased their positions during recent quarters.
• AESI shares opened at $11.80, below the analyst consensus price target of $18.12. Analyst sentiment is mixed, with four Buy, three Hold, and three Sell ratings.

Wasatch Advisors LP purchased a new position in shares of Atlas Energy Solutions Inc. (NYSE:AESI - Free Report) in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 1,834,289 shares of the company's stock, valued at approximately $30,468,000. Wasatch Advisors LP owned 1.47% of Atlas Energy Solutions as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Thrivent Financial for Lutherans grew its position in Atlas Energy Solutions by 1.7% in 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 during the period. Cetera Investment Advisers lifted its holdings in shares of Atlas Energy Solutions by 6.9% during the first quarter. Cetera Investment Advisers now owns 21,094 shares of the company's stock valued at $277,000 after acquiring an additional 1,357 shares during the period. Citizens Financial Group Inc. RI lifted its holdings in shares of Atlas Energy Solutions by 6.0% during the first quarter. Citizens Financial Group Inc. RI now owns 23,966 shares of the company's stock valued at $314,000 after acquiring an additional 1,364 shares during the period. Alliancebernstein L.P. boosted its stake in shares of Atlas Energy Solutions by 2.1% in the 3rd quarter. Alliancebernstein L.P. now owns 72,580 shares of the company's stock valued at $825,000 after purchasing an additional 1,500 shares in the last quarter. Finally, Comerica Bank boosted its stake in shares of Atlas Energy Solutions by 2.2% in the 3rd quarter. Comerica Bank now owns 70,197 shares of the company's stock valued at $798,000 after purchasing an additional 1,504 shares in the last quarter. 34.59% of the stock is owned by institutional investors and hedge funds.

Atlas Energy Solutions Stock Performance

AESI stock opened at $11.80 on Thursday. The company has a 50 day moving average price of $14.30 and a 200 day moving average price of $14.09. Atlas Energy Solutions Inc. has a fifty-two week low of $7.64 and a fifty-two week high of $20.13. 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 has a market capitalization of $1.47 billion, a PE ratio of -12.42 and a beta of 1.13.

Analysts Set New Price Targets

Several brokerages recently issued reports on AESI. Raymond James Financial raised shares of Atlas Energy Solutions from a "market perform" rating to an "outperform" rating and set a $25.00 price target for the company in a report on Tuesday, June 2nd. Piper Sandler raised their price objective on shares of Atlas Energy Solutions from $13.00 to $19.00 and gave the stock a "neutral" rating in a report on Monday, May 18th. The Goldman Sachs Group set a $12.00 target price on shares of Atlas Energy Solutions in a research note on Friday, August 7th. Citigroup reduced their target price on Atlas Energy Solutions from $22.00 to $21.00 and set a "buy" rating on the stock in a report on Wednesday, July 15th. Finally, Royal Bank Of Canada decreased their price target on Atlas Energy Solutions from $21.00 to $17.00 and set a "sector perform" rating on the stock in a research report on Wednesday, August 5th. Four research analysts have rated the stock with a Buy rating, three have given a Hold rating and three have given a Sell rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus price target of $18.12.

Atlas Energy Solutions Company 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.

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