Villere ST Denis J & Co. LLC Decreases Position in Atlas Energy Solutions Inc. $AESI

Villere ST Denis J & Co. LLC lowered its stake in shares of Atlas Energy Solutions Inc. (NYSE:AESI) by 8.4% during the first quarter, Holdings Channel reports. The fund owned 1,856,087 shares of the company’s stock after selling 169,857 shares during the period. Atlas Energy Solutions comprises 2.7% of Villere ST Denis J & Co. LLC’s investment portfolio, making the stock its 13th largest position. Villere ST Denis J & Co. LLC’s holdings in Atlas Energy Solutions were worth $24,352,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Sumitomo Mitsui Trust Group Inc. increased its holdings in Atlas Energy Solutions by 161.7% during the 1st quarter. Sumitomo Mitsui Trust Group Inc. now owns 58,801 shares of the company’s stock worth $771,000 after purchasing an additional 36,332 shares during the period. Abel Hall LLC acquired a new position in shares of Atlas Energy Solutions during the first quarter worth about $131,000. Fideuram Intesa Sanpaolo Private Banking S.P.A. purchased a new stake in shares of Atlas Energy Solutions during the first quarter worth approximately $1,177,000. Louisiana State Employees Retirement System acquired a new stake in Atlas Energy Solutions in the first quarter valued at approximately $447,000. Finally, Tactive Advisors LLC lifted its stake in Atlas Energy Solutions by 98.4% in the first quarter. Tactive Advisors LLC now owns 60,932 shares of the company’s stock worth $799,000 after acquiring an additional 30,214 shares during the last quarter. 34.59% of the stock is owned by institutional investors and hedge funds.

Atlas Energy Solutions Stock Up 1.3%

AESI stock traded up $0.18 during midday trading on Friday, reaching $14.39. 1,531,166 shares of the company were exchanged, compared to its average volume of 2,507,086. The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.94 and a current ratio of 1.17. Atlas Energy Solutions Inc. has a 1-year low of $7.64 and a 1-year high of $20.13. The stock’s 50-day simple moving average is $17.16 and its 200 day simple moving average is $13.73. The company has a market cap of $1.80 billion, a price-to-earnings ratio of -18.22 and a beta of 1.01.

Analyst Upgrades and Downgrades

AESI has been the topic of a number of recent analyst reports. Royal Bank Of Canada increased their price objective on shares of Atlas Energy Solutions from $14.00 to $20.00 and gave the company a “sector perform” rating in a research report on Wednesday, May 6th. Barclays increased their target price on Atlas Energy Solutions from $12.00 to $16.00 and gave the company an “underweight” rating in a report on Friday, May 8th. Weiss Ratings upgraded Atlas Energy Solutions from a “sell (d)” rating to a “sell (d+)” rating in a research note on Friday, June 5th. Raymond James Financial raised Atlas Energy Solutions from a “market perform” rating to an “outperform” rating and set a $25.00 price target for the company in a report on Tuesday, June 2nd. Finally, Stifel Nicolaus set a $28.00 price objective on Atlas Energy Solutions in a research report on Friday, May 1st. Four research analysts have rated the stock with a Buy rating, three have given a Hold rating and three have issued a Sell rating to the company. According to MarketBeat.com, Atlas Energy Solutions has a consensus rating of “Hold” and a consensus target price of $20.00.

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.