Boston Partners Purchases New Holdings in Atlas Energy Solutions Inc. $AESI

Boston Partners acquired a new stake in Atlas Energy Solutions Inc. (NYSE:AESI) during the second quarter, according to its most recent filing with the SEC. The firm acquired 46,873 shares of the company’s stock, valued at approximately $627,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. American Century Companies Inc. boosted its stake in shares of Atlas Energy Solutions by 144.8% in the 1st quarter. American Century Companies Inc. now owns 677,849 shares of the company’s stock valued at $12,093,000 after purchasing an additional 400,984 shares during the last quarter. Vanguard Group Inc. raised its position in shares of Atlas Energy Solutions by 16.5% during the 1st quarter. Vanguard Group Inc. now owns 8,054,677 shares of the company’s stock valued at $143,695,000 after acquiring an additional 1,139,352 shares during the last quarter. Burkehill Global Management LP acquired a new position in shares of Atlas Energy Solutions in the 1st quarter valued at $8,474,000. Northern Trust Corp boosted its position in shares of Atlas Energy Solutions by 7.6% in the 1st quarter. Northern Trust Corp now owns 966,528 shares of the company’s stock worth $17,243,000 after purchasing an additional 68,275 shares during the last quarter. Finally, Ashford Capital Management Inc. boosted its position in shares of Atlas Energy Solutions by 46.0% in the 1st quarter. Ashford Capital Management Inc. now owns 1,164,775 shares of the company’s stock worth $20,780,000 after purchasing an additional 367,100 shares during the last quarter. Institutional investors own 34.59% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have issued reports on AESI shares. Stifel Nicolaus reduced their target price on Atlas Energy Solutions from $14.50 to $14.00 and set a “buy” rating on the stock in a report on Monday, August 11th. Weiss Ratings restated a “hold (c-)” rating on shares of Atlas Energy Solutions in a report on Tuesday, November 25th. The Goldman Sachs Group cut shares of Atlas Energy Solutions from a “neutral” rating to a “sell” rating and reduced their price target for the stock from $12.00 to $8.00 in a research report on Thursday, November 20th. Piper Sandler lowered their price objective on shares of Atlas Energy Solutions from $12.00 to $10.00 and set a “neutral” rating for the company in a research report on Monday, November 17th. Finally, Barclays reissued an “underweight” rating and issued a $7.00 target price (down from $11.00) on shares of Atlas Energy Solutions in a research note on Friday, November 14th. Four 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’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $15.94.

Atlas Energy Solutions Stock Performance

Shares of AESI stock opened at $8.62 on Monday. The company has a quick ratio of 1.09, a current ratio of 1.35 and a debt-to-equity ratio of 0.43. Atlas Energy Solutions Inc. has a 12 month low of $7.64 and a 12 month high of $26.86. The company’s fifty day simple moving average is $10.48 and its 200-day simple moving average is $11.93. The firm has a market cap of $1.07 billion, a PE ratio of -95.78 and a beta of 1.30.

About Atlas Energy Solutions

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.