Manatuck Hill Partners LLC Makes New Investment in Atlas Energy Solutions Inc. $AESI

Manatuck Hill Partners LLC bought a new position in shares of Atlas Energy Solutions Inc. (NYSE:AESI) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 230,000 shares of the company’s stock, valued at approximately $2,167,000. Manatuck Hill Partners LLC owned approximately 0.19% of Atlas Energy Solutions as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of AESI. UBS Group AG lifted its position in shares of Atlas Energy Solutions by 139.6% during the 4th quarter. UBS Group AG now owns 2,170,655 shares of the company’s stock worth $20,448,000 after buying an additional 1,264,530 shares in the last quarter. Nixon Capital LLC purchased a new stake in shares of Atlas Energy Solutions during the 4th quarter worth approximately $11,284,000. Balyasny Asset Management L.P. increased its stake in shares of Atlas Energy Solutions by 1,128.7% during the 4th quarter. Balyasny Asset Management L.P. now owns 1,223,333 shares of the company’s stock worth $11,524,000 after purchasing an additional 1,123,767 shares during the last quarter. Jefferies Financial Group Inc. purchased a new stake in shares of Atlas Energy Solutions during the 4th quarter worth approximately $7,562,000. Finally, Jane Street Group LLC increased its stake in shares of Atlas Energy Solutions by 1,165.5% during the 4th quarter. Jane Street Group LLC now owns 801,164 shares of the company’s stock worth $7,547,000 after purchasing an additional 737,858 shares during the last quarter. Institutional investors own 34.59% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on AESI. Barclays raised their price target on shares of Atlas Energy Solutions from $12.00 to $16.00 and gave the stock an “underweight” rating in a research note on Friday, May 8th. Citigroup raised their price target on shares of Atlas Energy Solutions from $18.00 to $22.00 and gave the stock a “buy” rating in a research note on Tuesday, May 12th. Piper Sandler raised their price target on shares of Atlas Energy Solutions from $13.00 to $19.00 and gave the stock a “neutral” rating in a research note on Monday, May 18th. Royal Bank Of Canada raised their price target on shares of Atlas Energy Solutions from $14.00 to $20.00 and gave the stock a “sector perform” rating in a research note on Wednesday, May 6th. Finally, Stifel Nicolaus set a $28.00 price target on shares of Atlas Energy Solutions in a research note on Friday, May 1st. Four research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and three have assigned a Sell rating to the stock. According to MarketBeat, Atlas Energy Solutions has an average rating of “Hold” and an average target price of $20.00.

Atlas Energy Solutions Stock Down 1.4%

AESI opened at $16.13 on Thursday. The company has a 50 day moving average of $16.61 and a 200 day moving average of $13.06. The company has a market cap of $2.01 billion, a PE ratio of -20.41 and a beta of 1.02. Atlas Energy Solutions Inc. has a 12 month low of $7.64 and a 12 month high of $20.13. The company has a current ratio of 1.17, a quick ratio of 0.94 and a debt-to-equity ratio of 0.51.

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.