Wellington Management Group LLP Lowers Holdings in Atlas Energy Solutions Inc. $AESI

Key Points

• Wellington Management cut its Atlas Energy Solutions stake by 30.4% in the second quarter, selling 450,880 shares and retaining 1.03 million shares valued at approximately $17.1 million. Institutional investors collectively own 34.59% of AESI.
• Analyst sentiment is mixed: Raymond James upgraded the stock to “outperform,” while several firms lowered their price targets. Atlas Energy Solutions has a consensus “Hold” rating and an average target price of $17.12.
• AESI shares opened at $13.46, within a 12-month range of $7.64 to $20.13. The company’s latest quarterly revenue exceeded estimates at $293.18 million, but it reported an adjusted loss of $0.20 per share, missing expectations.

Wellington Management Group LLP reduced its stake in shares of Atlas Energy Solutions Inc. (NYSE:AESI - Free Report) by 30.4% during the 2nd quarter, according to its most recent filing with the SEC. The firm owned 1,029,987 shares of the company's stock after selling 450,880 shares during the period. Wellington Management Group LLP owned approximately 0.82% of Atlas Energy Solutions worth $17,108,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of the stock. Thrivent Financial for Lutherans lifted its holdings in shares of Atlas Energy Solutions by 1.7% in the 2nd quarter. Thrivent Financial for Lutherans now owns 53,631 shares of the company's stock valued at $717,000 after buying an additional 874 shares during the period. Cetera Investment Advisers grew its holdings in Atlas Energy Solutions by 6.9% during the first quarter. Cetera Investment Advisers now owns 21,094 shares of the company's stock worth $277,000 after acquiring an additional 1,357 shares during the period. Citizens Financial Group Inc. RI raised its position in 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 in the last quarter. Alliancebernstein L.P. raised its position in 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. Finally, Comerica Bank lifted its holdings in Atlas Energy Solutions by 2.2% in 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 during the period. Hedge funds and other institutional investors own 34.59% of the company's stock.

Analysts Set New Price Targets

Several research firms have commented on AESI. Raymond James Financial upgraded Atlas Energy Solutions from a "market perform" rating to an "outperform" rating and set a $25.00 price objective on the stock in a research report on Tuesday, June 2nd. Royal Bank Of Canada decreased their target price on shares of Atlas Energy Solutions from $21.00 to $17.00 and set a "sector perform" rating for the company in a research note on Wednesday, August 5th. Barclays lowered their price target on shares of Atlas Energy Solutions from $14.00 to $10.00 and set an "underweight" rating on the stock in a report on Friday, August 7th. Stifel Nicolaus cut their price objective on shares of Atlas Energy Solutions from $28.00 to $25.00 and set a "buy" rating for the company in a report on Thursday, August 6th. Finally, Citigroup decreased their price objective on shares of Atlas Energy Solutions from $21.00 to $17.00 and set a "buy" rating for the company in a research report on Thursday. Four 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 MarketBeat, Atlas Energy Solutions currently has a consensus rating of "Hold" and a consensus target price of $17.12.

Atlas Energy Solutions Price Performance

Shares of AESI opened at $13.46 on Monday. The firm has a market cap of $1.68 billion, a P/E ratio of -14.17 and a beta of 1.17. Atlas Energy Solutions Inc. has a 12 month low of $7.64 and a 12 month high of $20.13. The stock's 50 day moving average is $12.95 and its two-hundred day moving average is $14.21. The company has a current ratio of 1.82, a quick ratio of 1.58 and a debt-to-equity ratio of 0.87.

Atlas Energy Solutions (NYSE:AESI - Get Free Report) last announced its earnings results on Monday, August 3rd. The company reported ($0.20) earnings per share for the quarter, missing the consensus estimate of ($0.15) by ($0.05). Atlas Energy Solutions had a negative return on equity of 9.57% and a negative net margin of 11.08%.The business had revenue of $293.18 million for the quarter, compared to analyst estimates of $282.24 million. During the same period in the previous year, the company earned ($0.04) earnings per share. The company's quarterly revenue was up 1.6% compared to the same quarter last year. Analysts predict that Atlas Energy Solutions Inc. will post -0.94 earnings per share for the current fiscal year.

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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