Envestnet Asset Management Inc. Reduces Holdings in Atlas Energy Solutions Inc. $AESI

Envestnet Asset Management Inc. reduced its position in shares of Atlas Energy Solutions Inc. (NYSE:AESI) by 24.9% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 278,623 shares of the company’s stock after selling 92,400 shares during the period. Envestnet Asset Management Inc. owned about 0.23% of Atlas Energy Solutions worth $3,168,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in the company. Liontrust Investment Partners LLP lifted its holdings in Atlas Energy Solutions by 5,408.1% in the 2nd quarter. Liontrust Investment Partners LLP now owns 1,075,400 shares of the company’s stock worth $14,378,000 after buying an additional 1,055,876 shares in the last quarter. Cooke & Bieler LP lifted its stake 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 acquiring an additional 934,114 shares in the last quarter. CenterBook Partners LP boosted its holdings in Atlas Energy Solutions by 1,359.1% in the second quarter. CenterBook Partners LP now owns 921,889 shares of the company’s stock valued at $12,326,000 after purchasing an additional 858,708 shares during the last quarter. Ameriprise Financial Inc. grew its stake in Atlas Energy Solutions by 431.2% during the 2nd quarter. Ameriprise Financial Inc. now owns 829,348 shares of the company’s stock valued at $11,088,000 after purchasing an additional 673,221 shares in the last quarter. Finally, Pine Ridge Advisers LLC increased its holdings in Atlas Energy Solutions by 83.7% during the 2nd quarter. Pine Ridge Advisers LLC now owns 1,212,980 shares of the company’s stock worth $16,218,000 after purchasing an additional 552,500 shares during the last quarter. 34.59% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on the stock. The Goldman Sachs Group downgraded shares of Atlas Energy Solutions from a “neutral” rating to a “sell” rating and decreased their price target for the stock from $12.00 to $8.00 in a research report on Thursday, November 20th. Royal Bank Of Canada set a $12.00 price objective on shares of Atlas Energy Solutions in a report on Thursday, January 15th. 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 report on Friday, November 14th. Piper Sandler reduced their price target 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. Finally, Stephens set a $16.00 price objective on Atlas Energy Solutions in a report on Tuesday, January 27th. Three investment analysts have rated the stock with a Buy rating, four have issued a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat, Atlas Energy Solutions presently has an average rating of “Hold” and a consensus target price of $10.91.

Atlas Energy Solutions Trading Down 7.6%

NYSE AESI opened at $9.59 on Thursday. Atlas Energy Solutions Inc. has a one year low of $7.64 and a one year high of $19.83. The company has a 50-day simple moving average of $10.83 and a 200-day simple moving average of $10.71. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.09 and a current ratio of 1.46. The firm has a market capitalization of $1.19 billion, a PE ratio of -23.96 and a beta of 1.22.

Insider Buying and Selling

In other news, insider Gregory M. Shepard sold 130,000 shares of the company’s stock in a transaction that occurred on Wednesday, February 18th. The stock was sold at an average price of $11.98, for a total transaction of $1,557,400.00. Following the completion of the transaction, the insider directly owned 7,421,210 shares of the company’s stock, valued at approximately $88,906,095.80. This represents a 1.72% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 15.98% of the stock is currently owned by insiders.

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.