Cumberland Partners Ltd Cuts Stock Holdings in Atlas Energy Solutions Inc. $AESI

Cumberland Partners Ltd decreased its holdings in shares of Atlas Energy Solutions Inc. (NYSE:AESI) by 44.7% during the fourth quarter, HoldingsChannel reports. The firm owned 80,100 shares of the company’s stock after selling 64,800 shares during the period. Cumberland Partners Ltd’s holdings in Atlas Energy Solutions were worth $755,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the business. Thrivent Financial for Lutherans increased its position in Atlas Energy Solutions by 1.7% during the 2nd quarter. Thrivent Financial for Lutherans now owns 53,631 shares of the company’s stock valued at $717,000 after purchasing an additional 874 shares during the period. Belpointe Asset Management LLC increased its position in Atlas Energy Solutions by 3.5% during the 3rd quarter. Belpointe Asset Management LLC now owns 36,262 shares of the company’s stock valued at $412,000 after purchasing an additional 1,232 shares during the period. Alliancebernstein L.P. increased its position in Atlas Energy Solutions by 2.1% during the 3rd quarter. Alliancebernstein L.P. now owns 72,580 shares of the company’s stock valued at $825,000 after purchasing an additional 1,500 shares during the period. Comerica Bank increased its position in Atlas Energy Solutions by 2.2% during the 3rd quarter. Comerica Bank now owns 70,197 shares of the company’s stock valued at $798,000 after purchasing an additional 1,504 shares during the period. Finally, Central Pacific Bank Trust Division increased its position in Atlas Energy Solutions by 7.0% during the 4th quarter. Central Pacific Bank Trust Division now owns 25,405 shares of the company’s stock valued at $239,000 after purchasing an additional 1,662 shares during the period. Hedge funds and other institutional investors own 34.59% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have commented on the stock. Citigroup raised their target price on shares of Atlas Energy Solutions from $18.00 to $22.00 and gave the company a “buy” rating in a research report on Tuesday, May 12th. The Goldman Sachs Group raised their target price on shares of Atlas Energy Solutions from $8.00 to $9.00 and gave the company a “sell” rating in a research report on Wednesday, March 4th. Barclays increased their price target on shares of Atlas Energy Solutions from $12.00 to $16.00 and gave the company an “underweight” rating in a research report on Friday, May 8th. Stifel Nicolaus set a $28.00 price target on shares of Atlas Energy Solutions in a research report on Friday, May 1st. Finally, Piper Sandler increased their price target on shares of Atlas Energy Solutions from $13.00 to $19.00 and gave the company a “neutral” rating in a research report on Monday, May 18th. Three equities 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’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $18.57.

Insider Activity at Atlas Energy Solutions

In other Atlas Energy Solutions news, major shareholder Chris Scholla sold 8,912 shares of the stock in a transaction dated Friday, March 6th. The shares were sold at an average price of $11.79, for a total transaction of $105,072.48. Following the completion of the sale, the insider directly owned 567,972 shares of the company’s stock, valued at approximately $6,696,389.88. This represents a 1.54% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Insiders own 16.40% of the company’s stock.

Atlas Energy Solutions Stock Performance

AESI stock opened at $19.09 on Friday. The firm has a market cap of $2.38 billion, a price-to-earnings ratio of -24.17 and a beta of 1.08. The firm has a 50-day simple moving average of $15.10 and a two-hundred day simple moving average of $12.05. Atlas Energy Solutions Inc. has a one year low of $7.64 and a one year high of $20.13. 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 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.