Atlas Energy Solutions Inc. (NYSE:AESI) Stock Holdings Raised by Hodges Capital Management Inc.

Hodges Capital Management Inc. lifted its position in Atlas Energy Solutions Inc. (NYSE:AESI) by 44.7% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 194,000 shares of the company’s stock after acquiring an additional 59,940 shares during the quarter. Hodges Capital Management Inc.’s holdings in Atlas Energy Solutions were worth $4,302,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in AESI. Wellington Management Group LLP acquired a new stake in shares of Atlas Energy Solutions during the 3rd quarter worth approximately $17,314,000. First Sabrepoint Capital Management LP bought a new position in Atlas Energy Solutions during the 3rd quarter worth $8,066,000. Copeland Capital Management LLC increased its position in Atlas Energy Solutions by 19.3% in the fourth quarter. Copeland Capital Management LLC now owns 2,247,774 shares of the company’s stock worth $49,856,000 after buying an additional 363,742 shares during the period. State Street Corp lifted its stake in Atlas Energy Solutions by 15.0% in the third quarter. State Street Corp now owns 1,751,059 shares of the company’s stock valued at $38,173,000 after buying an additional 227,776 shares during the last quarter. Finally, Barclays PLC boosted its holdings in shares of Atlas Energy Solutions by 574.5% during the third quarter. Barclays PLC now owns 175,082 shares of the company’s stock valued at $3,817,000 after acquiring an additional 149,126 shares during the period. 34.59% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of research firms recently weighed in on AESI. Raymond James cut shares of Atlas Energy Solutions from a “strong-buy” rating to a “hold” rating in a report on Monday, January 6th. Benchmark lifted their price target on Atlas Energy Solutions from $23.00 to $28.00 and gave the company a “buy” rating in a report on Wednesday, January 29th. Bank of America reissued a “neutral” rating and issued a $22.50 price objective on shares of Atlas Energy Solutions in a report on Monday, January 13th. Stephens lifted their target price on Atlas Energy Solutions from $28.00 to $29.00 and gave the company an “overweight” rating in a research note on Tuesday, January 28th. Finally, Pickering Energy Partners cut Atlas Energy Solutions from an “outperform” rating to a “neutral” rating in a research note on Wednesday, October 30th. Six analysts have rated the stock with a hold rating, five have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $25.50.

Atlas Energy Solutions Stock Down 8.3 %

AESI opened at $22.96 on Monday. The stock’s fifty day moving average is $23.03 and its 200-day moving average is $21.54. Atlas Energy Solutions Inc. has a one year low of $16.42 and a one year high of $26.86. The company has a market capitalization of $2.53 billion, a PE ratio of 29.06, a P/E/G ratio of 6.82 and a beta of 1.03. The company has a debt-to-equity ratio of 0.42, a quick ratio of 1.08 and a current ratio of 1.23.

Insiders Place Their Bets

In related news, major shareholder Brian Anthony Leveille sold 20,000 shares of Atlas Energy Solutions stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $21.39, for a total value of $427,800.00. Following the transaction, the insider now directly owns 512,010 shares in the company, valued at $10,951,893.90. The trade was a 3.76 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, major shareholder Stacy Hock sold 8,571 shares of the business’s stock in a transaction on Wednesday, November 13th. The stock was sold at an average price of $21.12, for a total value of $181,019.52. Following the sale, the insider now directly owns 926,175 shares in the company, valued at $19,560,816. This trade represents a 0.92 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 144,642 shares of company stock worth $3,299,671. 24.34% of the stock is owned by corporate insiders.

About Atlas Energy Solutions

Atlas Energy Solutions Inc engages in the production, processing, and sale of mesh and sand that are used as a proppant during the well completion process in the Permian Basin of Texas and New Mexico. The company provides transportation and logistics, storage solutions, and contract labor services. It sells its products and services to oil and natural gas exploration and production companies, and oilfield services companies.