111,193 Shares in Atlas Energy Solutions Inc. $AESI Purchased by Readystate Asset Management LP

Readystate Asset Management LP purchased a new stake in shares of Atlas Energy Solutions Inc. (NYSE:AESI) in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 111,193 shares of the company’s stock, valued at approximately $1,459,000.

A number of other large investors have also added to or reduced their stakes in AESI. EverSource Wealth Advisors LLC bought a new stake in Atlas Energy Solutions in the second quarter worth about $25,000. Quarry LP bought a new position in shares of Atlas Energy Solutions during the 3rd quarter valued at approximately $26,000. Caitong International Asset Management Co. Ltd grew its position in shares of Atlas Energy Solutions by 91,500.0% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 2,748 shares of the company’s stock valued at $26,000 after acquiring an additional 2,745 shares during the period. Islay Capital Management LLC purchased a new stake in shares of Atlas Energy Solutions during the 4th quarter worth approximately $28,000. Finally, State of Wyoming purchased a new stake in shares of Atlas Energy Solutions during the 1st quarter worth approximately $48,000. Hedge funds and other institutional investors own 34.59% of the company’s stock.

Analysts Set New Price Targets

Several research firms recently commented on AESI. Stifel Nicolaus set a $28.00 price objective on Atlas Energy Solutions in a research note on Friday, May 1st. Royal Bank Of Canada boosted their target price on Atlas Energy Solutions from $14.00 to $20.00 and gave the company a “sector perform” rating in a research note on Wednesday, May 6th. Barclays dropped their price target on Atlas Energy Solutions from $16.00 to $14.00 and set an “underweight” rating on the stock in a research report on Thursday, July 16th. The Goldman Sachs Group increased their price target on Atlas Energy Solutions from $9.00 to $14.00 and gave the stock a “sell” rating in a research note on Wednesday, June 3rd. Finally, Raymond James Financial upgraded Atlas Energy Solutions from a “market perform” rating to an “outperform” rating and set a $25.00 price objective on the stock in a research note on Tuesday, June 2nd. Four 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 stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $19.62.

Atlas Energy Solutions Trading Down 7.2%

Shares of AESI stock opened at $10.19 on Thursday. The company has a market capitalization of $1.27 billion, a PE ratio of -12.90 and a beta of 1.01. Atlas Energy Solutions Inc. has a 52-week low of $7.64 and a 52-week high of $20.13. The business’s fifty day moving average is $15.71 and its 200 day moving average is $14.08. 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 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.