Atlas Energy Solutions Inc. $AESI Shares Bought by Lazard Asset Management LLC

Key Points

• Lazard Asset Management increased its Atlas Energy Solutions stake by 48.3% in the first quarter, acquiring 171,188 additional shares for a total of 525,301 shares valued at approximately $6.9 million.
• Other institutional investors also raised their positions, with hedge funds and institutions collectively owning 34.59% of AESI.
• Analyst sentiment remains mixed: AESI has an overall “Hold” consensus and an average price target of $19.62, despite recent target-price changes and the stock trading at $10.32.

Lazard Asset Management LLC raised its holdings in shares of Atlas Energy Solutions Inc. (NYSE:AESI - Free Report) by 48.3% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 525,301 shares of the company's stock after buying an additional 171,188 shares during the quarter. Lazard Asset Management LLC owned about 0.42% of Atlas Energy Solutions worth $6,892,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Thrivent Financial for Lutherans boosted its position in Atlas Energy Solutions by 1.7% during the second quarter. Thrivent Financial for Lutherans now owns 53,631 shares of the company's stock worth $717,000 after acquiring an additional 874 shares during the last quarter. Cetera Investment Advisers raised its holdings in Atlas Energy Solutions by 6.9% in the 1st 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 last quarter. Citizens Financial Group Inc. RI raised its holdings in Atlas Energy Solutions by 6.0% in the 1st 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 last quarter. Alliancebernstein L.P. lifted its stake in Atlas Energy Solutions by 2.1% in the 3rd quarter. Alliancebernstein L.P. now owns 72,580 shares of the company's stock worth $825,000 after purchasing an additional 1,500 shares in the last quarter. Finally, Comerica Bank lifted its stake in Atlas Energy Solutions by 2.2% in the 3rd quarter. Comerica Bank now owns 70,197 shares of the company's stock worth $798,000 after purchasing an additional 1,504 shares in the last quarter. 34.59% of the stock is currently owned by institutional investors and hedge funds.

Atlas Energy Solutions Stock Up 1.4%

Shares of NYSE AESI opened at $10.32 on Friday. The company has a 50 day simple moving average of $15.53 and a 200-day simple moving average of $14.08. The company has a market capitalization of $1.29 billion, a P/E ratio of -13.06 and a beta of 1.01. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.17 and a quick ratio of 0.94. Atlas Energy Solutions Inc. has a 1 year low of $7.64 and a 1 year high of $20.13.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on the company. Weiss Ratings upgraded Atlas Energy Solutions from a "sell (d)" rating to a "sell (d+)" rating in a research report on Friday, June 5th. Citigroup reduced their price objective on Atlas Energy Solutions from $22.00 to $21.00 and set a "buy" rating on the stock in a research report on Wednesday, July 15th. Barclays lowered their price objective on Atlas Energy Solutions from $16.00 to $14.00 and set an "underweight" rating on the stock in a research note on Thursday, July 16th. The Goldman Sachs Group upped their target price on Atlas Energy Solutions from $9.00 to $14.00 and gave the company a "sell" rating in a report on Wednesday, June 3rd. Finally, Royal Bank Of Canada raised their target price on Atlas Energy Solutions from $14.00 to $20.00 and gave the stock a "sector perform" rating in a research note on Wednesday, May 6th. Four 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. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus target price of $19.62.

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.

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