Bessemer Group Inc. Makes New $759,000 Investment in Atlas Energy Solutions Inc. $AESI

Bessemer Group Inc. bought a new stake in shares of Atlas Energy Solutions Inc. (NYSE:AESI) during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 57,845 shares of the company’s stock, valued at approximately $759,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Millennium Management LLC boosted its stake in shares of Atlas Energy Solutions by 3,783.3% during the 4th quarter. Millennium Management LLC now owns 1,883,042 shares of the company’s stock worth $17,738,000 after acquiring an additional 1,834,551 shares in the last quarter. UBS Group AG increased its holdings 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 valued at $20,448,000 after acquiring an additional 1,264,530 shares during the last quarter. Nixon Capital LLC bought a new position in shares of Atlas Energy Solutions in the 4th quarter valued at approximately $11,284,000. Wellington Management Group LLP bought a new position in shares of Atlas Energy Solutions in the 4th quarter valued at approximately $10,813,000. Finally, Balyasny Asset Management L.P. lifted its holdings in Atlas Energy Solutions by 1,128.7% in 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. Institutional investors and hedge funds own 34.59% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have issued reports on AESI. Stifel Nicolaus set a $28.00 target price on Atlas Energy Solutions in a research report on Friday, May 1st. The Goldman Sachs Group lifted their price target on shares of Atlas Energy Solutions from $9.00 to $14.00 and gave the company a “sell” rating in a research report on Wednesday, June 3rd. Piper Sandler boosted their price objective 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. Weiss Ratings raised shares of Atlas Energy Solutions from a “sell (d)” rating to a “sell (d+)” rating in a report on Friday, June 5th. Finally, Citigroup lowered their target price on shares of Atlas Energy Solutions from $22.00 to $21.00 and set a “buy” rating on the stock in a research note on Wednesday, July 15th. Four investment analysts have rated the stock with a Buy rating, three have given a Hold rating and three have issued a Sell rating to the stock. According to MarketBeat.com, Atlas Energy Solutions presently has an average rating of “Hold” and an average target price of $19.62.

Atlas Energy Solutions Price Performance

NYSE:AESI opened at $13.08 on Friday. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.17 and a quick ratio of 0.94. Atlas Energy Solutions Inc. has a one year low of $7.64 and a one year high of $20.13. The company has a fifty day moving average price of $16.36 and a 200 day moving average price of $14.05. The stock has a market cap of $1.63 billion, a P/E ratio of -16.56 and a beta of 1.01.

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.