Advisors Asset Management Inc. Makes New Investment in Atlas Energy Solutions Inc. $AESI

Advisors Asset Management Inc. bought a new stake in Atlas Energy Solutions Inc. (NYSE:AESI) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 87,686 shares of the company’s stock, valued at approximately $1,172,000. Advisors Asset Management Inc. owned 0.07% of Atlas Energy Solutions at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Avantax Advisory Services Inc. lifted its holdings in shares of Atlas Energy Solutions by 12.0% during the 1st quarter. Avantax Advisory Services Inc. now owns 31,935 shares of the company’s stock valued at $570,000 after purchasing an additional 3,426 shares in the last quarter. Modera Wealth Management LLC bought a new position in Atlas Energy Solutions in the first quarter valued at approximately $189,000. Natixis Advisors LLC bought a new position in Atlas Energy Solutions in the first quarter valued at approximately $303,000. Jefferies Financial Group Inc. acquired a new position in shares of Atlas Energy Solutions in the first quarter valued at approximately $655,000. Finally, Blair William & Co. IL increased its position in shares of Atlas Energy Solutions by 14.7% during the first quarter. Blair William & Co. IL now owns 24,900 shares of the company’s stock worth $444,000 after acquiring an additional 3,200 shares in the last quarter. Institutional investors and hedge funds own 34.59% of the company’s stock.

Atlas Energy Solutions Stock Performance

AESI opened at $8.62 on Monday. The business’s 50-day simple moving average is $10.48 and its 200 day simple moving average is $11.93. Atlas Energy Solutions Inc. has a 52-week low of $7.64 and a 52-week high of $26.86. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.09 and a current ratio of 1.35. The firm has a market capitalization of $1.07 billion, a PE ratio of -95.78 and a beta of 1.30.

Analyst Ratings Changes

Several equities research analysts recently commented on AESI shares. Stifel Nicolaus cut their price objective on shares of Atlas Energy Solutions from $14.50 to $14.00 and set a “buy” rating on the stock in a research report on Monday, August 11th. Weiss Ratings reissued a “hold (c-)” rating on shares of Atlas Energy Solutions in a research note on Tuesday, November 25th. Citigroup reduced their price objective on Atlas Energy Solutions from $12.00 to $11.00 and set a “neutral” rating for the company in a research report on Wednesday, October 1st. Piper Sandler dropped their target price on Atlas Energy Solutions from $12.00 to $10.00 and set a “neutral” rating on the stock in a research report on Monday, November 17th. Finally, The Goldman Sachs Group cut Atlas Energy Solutions from a “neutral” rating to a “sell” rating and cut their target price for the company from $12.00 to $8.00 in a research note on Thursday, November 20th. Four equities research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and two have given a Sell rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $15.94.

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.