Universal Beteiligungs und Servicegesellschaft mbH raised its stake in shares of Atlas Energy Solutions Inc. (NYSE:AESI – Free Report) by 1,081.9% in the 4th quarter, HoldingsChannel.com reports. The firm owned 153,561 shares of the company’s stock after purchasing an additional 140,568 shares during the quarter. Universal Beteiligungs und Servicegesellschaft mbH’s holdings in Atlas Energy Solutions were worth $1,447,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Thrivent Financial for Lutherans increased its position in Atlas Energy Solutions by 1.7% during the second quarter. Thrivent Financial for Lutherans now owns 53,631 shares of the company’s stock worth $717,000 after purchasing an additional 874 shares during the last quarter. Louisiana State Employees Retirement System increased its position in Atlas Energy Solutions by 3.5% during the third quarter. Louisiana State Employees Retirement System now owns 35,300 shares of the company’s stock worth $401,000 after purchasing an additional 1,200 shares during the last quarter. Belpointe Asset Management LLC increased its position in shares of Atlas Energy Solutions by 3.5% in the third quarter. Belpointe Asset Management LLC now owns 36,262 shares of the company’s stock worth $412,000 after acquiring an additional 1,232 shares in the last quarter. Alliancebernstein L.P. increased its position in shares of Atlas Energy Solutions by 2.1% in the third quarter. Alliancebernstein L.P. now owns 72,580 shares of the company’s stock worth $825,000 after acquiring an additional 1,500 shares in the last quarter. Finally, Comerica Bank increased its position in shares of Atlas Energy Solutions by 2.2% in the third quarter. Comerica Bank now owns 70,197 shares of the company’s stock worth $798,000 after acquiring an additional 1,504 shares in the last quarter. Institutional investors and hedge funds own 34.59% of the company’s stock.
Analysts Set New Price Targets
Several equities research analysts have recently issued reports on the stock. Stephens set a $16.00 price objective on shares of Atlas Energy Solutions in a research report on Tuesday, January 27th. Piper Sandler increased their price objective on shares of Atlas Energy Solutions from $10.00 to $13.00 and gave the stock a “neutral” rating in a research report on Wednesday, April 15th. Citigroup raised shares of Atlas Energy Solutions from a “neutral” rating to a “buy” rating and increased their price objective for the stock from $10.40 to $18.00 in a research report on Wednesday, April 15th. The Goldman Sachs Group increased their price objective on shares of Atlas Energy Solutions from $8.00 to $9.00 and gave the stock a “sell” rating in a research report on Wednesday, March 4th. Finally, Barclays increased their price objective on shares of Atlas Energy Solutions from $11.00 to $12.00 and gave the stock an “underweight” rating in a research report on Monday, April 6th. Three research analysts have rated the stock with a Buy rating, three have issued a Hold rating and three have assigned a Sell rating to the stock. Based on data from MarketBeat, Atlas Energy Solutions currently has an average rating of “Hold” and an average price target of $15.57.
Atlas Energy Solutions Price Performance
Shares of AESI stock opened at $17.12 on Friday. The company has a market capitalization of $2.13 billion, a PE ratio of -42.81 and a beta of 1.08. The firm has a fifty day simple moving average of $12.84 and a 200-day simple moving average of $11.25. The company has a current ratio of 1.46, a quick ratio of 1.16 and a debt-to-equity ratio of 0.47. Atlas Energy Solutions Inc. has a twelve month low of $7.64 and a twelve month high of $17.81.
Insider Buying and Selling at Atlas Energy Solutions
In other news, major shareholder Chris Scholla sold 8,912 shares of the company’s stock in a transaction on Friday, March 6th. The shares were sold at an average price of $11.79, for a total value of $105,072.48. Following the completion of the transaction, the insider directly owned 567,972 shares in the company, valued at approximately $6,696,389.88. This represents a 1.54% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Gregory M. Shepard sold 130,000 shares of the company’s stock in a transaction 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 completion of the transaction, the insider owned 7,421,210 shares of the company’s stock, valued at $88,906,095.80. This trade represents a 1.72% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 238,912 shares of company stock valued at $2,837,472 over the last 90 days. Insiders own 16.40% of the company’s stock.
Atlas Energy Solutions Company Profile
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.
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