Atlas Energy Solutions Inc. (NYSE:AESI) Shares Sold by Tectonic Advisors LLC

Tectonic Advisors LLC cut its stake in shares of Atlas Energy Solutions Inc. (NYSE:AESI) by 48.6% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 30,707 shares of the company’s stock after selling 29,018 shares during the quarter. Tectonic Advisors LLC’s holdings in Atlas Energy Solutions were worth $681,000 as of its most recent SEC filing.

Several other hedge funds have also recently made changes to their positions in AESI. Wellington Management Group LLP acquired a new position in shares of Atlas Energy Solutions in the third quarter valued at about $17,314,000. First Sabrepoint Capital Management LP acquired a new position in Atlas Energy Solutions in the 3rd quarter worth approximately $8,066,000. Copeland Capital Management LLC increased its holdings in Atlas Energy Solutions by 19.3% in the 4th 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 raised its position in Atlas Energy Solutions by 15.0% during the 3rd quarter. State Street Corp now owns 1,751,059 shares of the company’s stock worth $38,173,000 after buying an additional 227,776 shares during the last quarter. Finally, Barclays PLC lifted its stake in Atlas Energy Solutions by 574.5% during the 3rd 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 owned by institutional investors and hedge funds.

Atlas Energy Solutions Price Performance

Atlas Energy Solutions stock opened at $21.84 on Thursday. The company has a debt-to-equity ratio of 0.42, a quick ratio of 1.08 and a current ratio of 1.23. The company’s fifty day moving average price is $22.95 and its 200 day moving average price is $21.56. The stock has a market capitalization of $2.41 billion, a P/E ratio of 27.64, a P/E/G ratio of 6.82 and a beta of 1.03. Atlas Energy Solutions Inc. has a 1 year low of $16.78 and a 1 year high of $26.86.

Analyst Ratings Changes

AESI has been the subject of several recent research reports. Raymond James cut shares of Atlas Energy Solutions from a “strong-buy” rating to a “hold” rating in a report on Monday, January 6th. Pickering Energy Partners cut Atlas Energy Solutions from an “outperform” rating to a “neutral” rating in a report on Wednesday, October 30th. The Goldman Sachs Group assumed coverage on Atlas Energy Solutions in a research note on Friday, December 13th. They issued a “neutral” rating and a $23.00 target price on the stock. Royal Bank of Canada lifted their price target on Atlas Energy Solutions from $27.00 to $28.00 and gave the company an “outperform” rating in a research report on Tuesday, January 28th. Finally, Stephens upped their price objective on Atlas Energy Solutions from $28.00 to $29.00 and gave the stock an “overweight” rating in a research report on Tuesday, January 28th. Six equities research 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. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $25.50.

Insider Activity

In other Atlas Energy Solutions news, major shareholder Brian Anthony Leveille sold 10,000 shares of the firm’s stock in a transaction on Thursday, November 21st. The stock was sold at an average price of $21.50, for a total value of $215,000.00. Following the transaction, the insider now owns 472,010 shares in the company, valued at approximately $10,148,215. This trade represents a 2.07 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, major shareholder Stacy Hock sold 8,571 shares of Atlas Energy Solutions stock in a transaction on Wednesday, November 13th. The stock was sold at an average price of $21.12, for a total transaction of $181,019.52. Following the sale, the insider now directly owns 926,175 shares in the company, valued at approximately $19,560,816. This trade represents a 0.92 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 134,642 shares of company stock worth $3,096,871 over the last 90 days. 24.34% of the stock is currently owned by company 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.