Outfitter Financial LLC Raises Holdings in Atlas Energy Solutions Inc. $AESI

Outfitter Financial LLC raised its holdings in shares of Atlas Energy Solutions Inc. (NYSE:AESI) by 21.2% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 52,215 shares of the company’s stock after acquiring an additional 9,150 shares during the quarter. Outfitter Financial LLC’s holdings in Atlas Energy Solutions were worth $698,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also made changes to their positions in the company. CWM LLC boosted its position in shares of Atlas Energy Solutions by 244.4% during the 2nd quarter. CWM LLC now owns 2,235 shares of the company’s stock worth $30,000 after acquiring an additional 1,586 shares in the last quarter. Larson Financial Group LLC boosted its position in shares of Atlas Energy Solutions by 201.8% during the 1st quarter. Larson Financial Group LLC now owns 1,968 shares of the company’s stock worth $35,000 after acquiring an additional 1,316 shares in the last quarter. Caitong International Asset Management Co. Ltd acquired a new position in shares of Atlas Energy Solutions during the 2nd quarter worth about $36,000. Nisa Investment Advisors LLC boosted its position in shares of Atlas Energy Solutions by 233.5% during the 2nd quarter. Nisa Investment Advisors LLC now owns 2,668 shares of the company’s stock worth $36,000 after acquiring an additional 1,868 shares in the last quarter. Finally, Kestra Investment Management LLC acquired a new position in shares of Atlas Energy Solutions during the 1st quarter worth about $55,000. 34.59% of the stock is owned by institutional investors and hedge funds.

Atlas Energy Solutions Trading Up 5.6%

NYSE:AESI opened at $11.24 on Thursday. The stock’s 50 day moving average price is $11.15 and its 200 day moving average price is $12.47. The company has a market capitalization of $1.39 billion, a PE ratio of -124.89 and a beta of 1.18. The company has a quick ratio of 1.30, a current ratio of 1.35 and a debt-to-equity ratio of 0.42. Atlas Energy Solutions Inc. has a 52-week low of $10.01 and a 52-week high of $26.86.

Atlas Energy Solutions (NYSE:AESI) last posted its quarterly earnings data on Monday, November 3rd. The company reported ($0.13) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.03) by ($0.10). Atlas Energy Solutions had a negative return on equity of 0.11% and a negative net margin of 1.22%.The company had revenue of $259.61 million for the quarter, compared to analyst estimates of $279.48 million. During the same period in the previous year, the business posted $0.04 earnings per share. The firm’s revenue was down 14.7% compared to the same quarter last year. On average, research analysts anticipate that Atlas Energy Solutions Inc. will post 0.83 EPS for the current year.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on AESI shares. Barclays lowered their price objective on Atlas Energy Solutions from $12.00 to $11.00 and set an “equal weight” rating for the company in a research report on Monday, October 13th. Stifel Nicolaus lowered their price objective on Atlas Energy Solutions from $14.50 to $14.00 and set a “buy” rating for the company in a research report on Monday, August 11th. Weiss Ratings reissued a “sell (d+)” rating on shares of Atlas Energy Solutions in a research report on Wednesday, October 8th. Piper Sandler dropped their price target on Atlas Energy Solutions from $14.00 to $12.00 and set a “neutral” rating on the stock in a research note on Thursday, October 16th. Finally, Citigroup dropped their price target on Atlas Energy Solutions from $12.00 to $11.00 and set a “neutral” rating on the stock in a research note on Wednesday, October 1st. Four research analysts have rated the stock with a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, Atlas Energy Solutions currently has a consensus rating of “Hold” and a consensus target price of $17.39.

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.