89,747 Shares in Atlas Energy Solutions Inc. $AESI Acquired by Fideuram Intesa Sanpaolo Private Banking S.P.A.

Fideuram Intesa Sanpaolo Private Banking S.P.A. purchased a new position in shares of Atlas Energy Solutions Inc. (NYSE:AESI) during the first quarter, HoldingsChannel.com reports. The fund purchased 89,747 shares of the company’s stock, valued at approximately $1,177,000.

A number of other hedge funds also recently made changes to their positions in AESI. EverSource Wealth Advisors LLC purchased a new stake in shares of Atlas Energy Solutions during the 2nd quarter valued at $25,000. Quarry LP purchased a new position in shares of Atlas Energy Solutions in the 3rd quarter worth $26,000. Caitong International Asset Management Co. Ltd raised its position in shares of Atlas Energy Solutions by 91,500.0% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 2,748 shares of the company’s stock worth $26,000 after buying an additional 2,745 shares during the period. Islay Capital Management LLC acquired a new position in Atlas Energy Solutions in the fourth quarter valued at $28,000. Finally, BNP Paribas Financial Markets grew its position in Atlas Energy Solutions by 43.4% during the second quarter. BNP Paribas Financial Markets now owns 7,823 shares of the company’s stock valued at $105,000 after acquiring an additional 2,369 shares during the period. Institutional investors and hedge funds own 34.59% of the company’s stock.

Atlas Energy Solutions Stock Down 0.3%

Shares of NYSE AESI opened at $14.43 on Friday. 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 Inc. has a 1 year low of $7.64 and a 1 year high of $20.13. The stock’s 50-day simple moving average is $17.41 and its 200-day simple moving average is $13.57. The firm has a market cap of $1.80 billion, a price-to-earnings ratio of -18.27 and a beta of 1.01.

Analyst Upgrades and Downgrades

AESI has been the topic of a number of research reports. Royal Bank Of Canada raised their price objective on Atlas Energy Solutions from $14.00 to $20.00 and gave the stock a “sector perform” rating in a report on Wednesday, May 6th. Citigroup raised their price target on shares of Atlas Energy Solutions from $18.00 to $22.00 and gave the company a “buy” rating in a report on Tuesday, May 12th. Barclays lifted their price target on shares of Atlas Energy Solutions from $12.00 to $16.00 and gave the company an “underweight” rating in a research report on Friday, May 8th. Weiss Ratings upgraded shares of Atlas Energy Solutions from a “sell (d)” rating to a “sell (d+)” rating in a research note on Friday, June 5th. Finally, Raymond James Financial raised shares of Atlas Energy Solutions from a “market perform” rating to an “outperform” rating and set a $25.00 price objective for the company in a research report on Tuesday, June 2nd. Four investment analysts have rated the stock with a Buy rating, three have assigned a Hold rating and three have given a Sell rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $20.00.

Atlas Energy Solutions 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.