Ardsley Advisory Partners LP Takes $2.67 Million Position in Atlas Energy Solutions Inc. $AESI

Ardsley Advisory Partners LP purchased a new position in Atlas Energy Solutions Inc. (NYSE:AESI) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 200,000 shares of the company’s stock, valued at approximately $2,674,000. Ardsley Advisory Partners LP owned about 0.16% of Atlas Energy Solutions as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also made changes to their positions in the company. Harbor Capital Advisors Inc. grew its position in Atlas Energy Solutions by 1.0% in the second quarter. Harbor Capital Advisors Inc. now owns 75,065 shares of the company’s stock worth $1,004,000 after acquiring an additional 725 shares in the last quarter. Police & Firemen s Retirement System of New Jersey increased its position in shares of Atlas Energy Solutions by 7.1% during the 2nd quarter. Police & Firemen s Retirement System of New Jersey now owns 16,090 shares of the company’s stock valued at $215,000 after purchasing an additional 1,061 shares during the last quarter. Mutual of America Capital Management LLC raised its holdings in Atlas Energy Solutions by 13.9% during the 1st quarter. Mutual of America Capital Management LLC now owns 10,460 shares of the company’s stock valued at $187,000 after buying an additional 1,277 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its position in Atlas Energy Solutions by 8.9% in the second quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 18,726 shares of the company’s stock worth $250,000 after buying an additional 1,538 shares during the last quarter. Finally, CWM LLC boosted its stake in Atlas Energy Solutions by 244.4% during the second quarter. CWM LLC now owns 2,235 shares of the company’s stock worth $30,000 after buying an additional 1,586 shares during the period. 34.59% of the stock is owned by hedge funds and other institutional investors.

Atlas Energy Solutions Stock Up 3.0%

Shares of Atlas Energy Solutions stock opened at $10.43 on Thursday. Atlas Energy Solutions Inc. has a 1 year low of $7.64 and a 1 year high of $26.86. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.35 and a quick ratio of 1.09. The stock has a market cap of $1.29 billion, a price-to-earnings ratio of -115.83 and a beta of 1.29. The firm’s 50-day moving average is $10.17 and its two-hundred day moving average is $11.76.

Analysts Set New Price Targets

AESI has been the topic of a number of recent analyst reports. Piper Sandler reduced their price objective on shares of 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. Weiss Ratings reiterated a “hold (c-)” rating on shares of Atlas Energy Solutions in a report on Monday. Citigroup dropped their price objective on Atlas Energy Solutions from $12.00 to $11.00 and set a “neutral” rating for the company in a report on Wednesday, October 1st. Barclays reiterated an “underweight” rating and issued a $7.00 target price (down previously from $11.00) on shares of Atlas Energy Solutions in a research note on Friday, November 14th. Finally, The Goldman Sachs Group lowered shares of Atlas Energy Solutions from a “neutral” rating to a “sell” rating and lowered their target price for the company from $12.00 to $8.00 in a research note on Thursday, November 20th. Four analysts have rated the stock with a Buy rating, five have assigned a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $15.94.

Atlas Energy Solutions Company 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.