Atlas Energy Solutions Inc. $AESI Stock Holdings Lifted by Blair William & Co. IL

Key Points

• Blair William & Co. IL increased its holdings in Atlas Energy Solutions Inc. by 206.2% during the 2nd quarter, now owning over 76,000 shares valued at approximately $1 million.
• Several institutional investors, including Vanguard Group Inc. and Copeland Capital Management LLC, significantly raised their stakes in Atlas Energy Solutions, contributing to 34.59% of the stock being owned by institutional investors.
• AESI's stock has faced analyst downgrades, with target prices reduced by firms like Piper Sandler and Barclays, and currently has an average rating of "Hold".

Blair William & Co. IL boosted its position in Atlas Energy Solutions Inc. (NYSE:AESI - Free Report) by 206.2% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 76,246 shares of the company's stock after purchasing an additional 51,346 shares during the quarter. Blair William & Co. IL owned about 0.06% of Atlas Energy Solutions worth $1,019,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of the company. Vanguard Group Inc. lifted its position in Atlas Energy Solutions by 16.5% in the 1st quarter. Vanguard Group Inc. now owns 8,054,677 shares of the company's stock valued at $143,695,000 after purchasing an additional 1,139,352 shares during the last quarter. Copeland Capital Management LLC lifted its position in Atlas Energy Solutions by 42.5% in the 1st quarter. Copeland Capital Management LLC now owns 3,203,592 shares of the company's stock valued at $57,152,000 after purchasing an additional 955,818 shares during the last quarter. Cooke & Bieler LP lifted its position in Atlas Energy Solutions by 2.3% in the 1st quarter. Cooke & Bieler LP now owns 2,600,093 shares of the company's stock valued at $46,386,000 after purchasing an additional 57,546 shares during the last quarter. Encompass Capital Advisors LLC bought a new stake in Atlas Energy Solutions in the 1st quarter valued at about $43,614,000. Finally, Villere ST Denis J & Co. LLC lifted its position in Atlas Energy Solutions by 0.4% in the 1st quarter. Villere ST Denis J & Co. LLC now owns 1,746,627 shares of the company's stock valued at $31,160,000 after purchasing an additional 6,904 shares during the last quarter. 34.59% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

AESI has been the topic of several recent research reports. Weiss Ratings reiterated a "sell (d+)" rating on shares of Atlas Energy Solutions in a research report on Wednesday, October 8th. Piper Sandler lowered their target price on shares of Atlas Energy Solutions from $16.00 to $14.00 and set a "neutral" rating on the stock in a research note on Thursday, August 14th. Barclays lowered their target price on shares of Atlas Energy Solutions from $12.00 to $11.00 and set an "equal weight" rating on the stock in a research note on Monday. Citigroup lowered their target price on shares of Atlas Energy Solutions from $12.00 to $11.00 and set a "neutral" rating on the stock in a research note on Wednesday, October 1st. Finally, Stifel Nicolaus lowered their target price on shares of Atlas Energy Solutions from $14.50 to $14.00 and set a "buy" rating on the stock in a research note on Monday, August 11th. Four equities research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus price target of $17.61.

Atlas Energy Solutions Stock Performance

Shares of AESI opened at $10.70 on Thursday. The firm's 50 day moving average is $11.32 and its 200-day moving average is $12.88. The stock has a market capitalization of $1.32 billion, a P/E ratio of 76.40 and a beta of 1.16. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.56 and a quick ratio of 1.30. Atlas Energy Solutions Inc. has a 12-month low of $10.40 and a 12-month high of $26.86.

Atlas Energy Solutions Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, August 21st. Stockholders of record on Thursday, August 14th were paid a $0.25 dividend. The ex-dividend date of this dividend was Thursday, August 14th. This represents a $1.00 annualized dividend and a dividend yield of 9.4%. Atlas Energy Solutions's payout ratio is currently 714.29%.

Atlas Energy Solutions Profile

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.

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