Evergreen Capital Management LLC Reduces Holdings in Atlas Energy Solutions Inc. $AESI

Evergreen Capital Management LLC decreased its holdings in Atlas Energy Solutions Inc. (NYSE:AESI) by 3.8% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,328,937 shares of the company’s stock after selling 53,183 shares during the quarter. Evergreen Capital Management LLC owned 1.07% of Atlas Energy Solutions worth $12,519,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. AlphaQuest LLC boosted its holdings in shares of Atlas Energy Solutions by 520.9% in the third quarter. AlphaQuest LLC now owns 151,979 shares of the company’s stock worth $1,728,000 after buying an additional 127,502 shares during the last quarter. Villere ST Denis J & Co. LLC boosted its holdings in shares of Atlas Energy Solutions by 10.5% in the third quarter. Villere ST Denis J & Co. LLC now owns 2,219,928 shares of the company’s stock worth $25,241,000 after buying an additional 211,203 shares during the last quarter. Cooke & Bieler LP boosted its holdings in shares of Atlas Energy Solutions by 29.0% in the third quarter. Cooke & Bieler LP now owns 4,153,554 shares of the company’s stock worth $47,226,000 after buying an additional 934,114 shares during the last quarter. Advisors Asset Management Inc. boosted its holdings in shares of Atlas Energy Solutions by 169.6% in the third quarter. Advisors Asset Management Inc. now owns 236,395 shares of the company’s stock worth $2,688,000 after buying an additional 148,709 shares during the last quarter. Finally, Kettle Hill Capital Management LLC boosted its holdings in shares of Atlas Energy Solutions by 61.4% in the third quarter. Kettle Hill Capital Management LLC now owns 660,843 shares of the company’s stock worth $7,514,000 after buying an additional 251,474 shares during the last quarter. Hedge funds and other institutional investors own 34.59% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on AESI. Piper Sandler lifted their price target on shares of Atlas Energy Solutions from $10.00 to $13.00 and gave the company a “neutral” rating in a report on Wednesday, April 15th. Zacks Research raised shares of Atlas Energy Solutions from a “strong sell” rating to a “hold” rating in a report on Monday, January 26th. Citigroup raised shares of Atlas Energy Solutions from a “neutral” rating to a “buy” rating and lifted their price target for the company from $10.40 to $18.00 in a report on Wednesday, April 15th. The Goldman Sachs Group lifted their price target on shares of Atlas Energy Solutions from $8.00 to $9.00 and gave the company a “sell” rating in a report on Wednesday, March 4th. Finally, Barclays lifted their price target on shares of Atlas Energy Solutions from $11.00 to $12.00 and gave the company an “underweight” rating in a report on Monday, April 6th. Three investment analysts have rated the stock with a Buy rating, three have issued a Hold rating and three have given a Sell rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average price target of $13.43.

Atlas Energy Solutions Price Performance

Shares of NYSE:AESI opened at $13.80 on Tuesday. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.46 and a quick ratio of 1.16. Atlas Energy Solutions Inc. has a 1-year low of $7.64 and a 1-year high of $14.93. The company has a market capitalization of $1.71 billion, a P/E ratio of -34.51 and a beta of 0.62. The firm’s 50 day simple moving average is $12.11 and its two-hundred day simple moving average is $10.97.

Insider Activity at Atlas Energy Solutions

In other news, insider Gregory M. Shepard sold 130,000 shares of Atlas Energy Solutions stock in a transaction that occurred on Wednesday, February 18th. The shares were sold at an average price of $11.98, for a total transaction of $1,557,400.00. Following the sale, the insider owned 7,421,210 shares in the company, valued at $88,906,095.80. This trade represents a 1.72% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, major shareholder Chris Scholla sold 8,912 shares of Atlas Energy Solutions stock in a transaction that occurred on Friday, March 6th. The shares were sold at an average price of $11.79, for a total transaction of $105,072.48. Following the sale, the insider owned 567,972 shares in the company, valued at approximately $6,696,389.88. The trade was a 1.54% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders have sold 238,912 shares of company stock worth $2,837,472. Company insiders own 16.40% of the company’s stock.

About Atlas Energy Solutions

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.