Atlas Energy Solutions Inc. $AESI Shares Sold by Wellington Management Group LLP

Wellington Management Group LLP reduced its position in shares of Atlas Energy Solutions Inc. (NYSE:AESI) by 30.4% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,029,987 shares of the company’s stock after selling 450,880 shares during the period. Wellington Management Group LLP’s holdings in Atlas Energy Solutions were worth $17,108,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. EverSource Wealth Advisors LLC acquired a new stake in shares of Atlas Energy Solutions in the second quarter worth approximately $25,000. Quarry LP acquired a new position in Atlas Energy Solutions in the 3rd quarter valued at $26,000. Caitong International Asset Management Co. Ltd lifted its holdings in 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 valued at $26,000 after purchasing an additional 2,745 shares in the last quarter. Islay Capital Management LLC purchased a new position in Atlas Energy Solutions in the 4th quarter valued at $28,000. Finally, State of Wyoming acquired a new stake in Atlas Energy Solutions during the 1st quarter worth $48,000. Institutional investors and hedge funds own 34.59% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on AESI shares. The Goldman Sachs Group set a $12.00 target price on shares of Atlas Energy Solutions in a report on Friday, August 7th. Piper Sandler decreased their price target on shares of Atlas Energy Solutions from $19.00 to $15.00 and set a “neutral” rating on the stock in a research note on Thursday, August 27th. Raymond James Financial upgraded shares of Atlas Energy Solutions from a “market perform” rating to an “outperform” rating and set a $25.00 price target on the stock in a research report on Tuesday, June 2nd. Citigroup cut their price objective on shares of Atlas Energy Solutions from $21.00 to $17.00 and set a “buy” rating for the company in a report on Thursday. Finally, Stifel Nicolaus decreased their target price on shares of Atlas Energy Solutions from $28.00 to $25.00 and set a “buy” rating on the stock in a research note on Thursday, August 6th. Four investment analysts have rated the stock with a Buy rating, three have issued a Hold rating and three have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $17.12.

Atlas Energy Solutions Price Performance

Shares of NYSE:AESI opened at $13.46 on Monday. Atlas Energy Solutions Inc. has a 52-week low of $7.64 and a 52-week high of $20.13. The stock has a market cap of $1.68 billion, a P/E ratio of -14.17 and a beta of 1.17. The business has a fifty day moving average of $12.95 and a two-hundred day moving average of $14.21. The company has a quick ratio of 1.58, a current ratio of 1.82 and a debt-to-equity ratio of 0.87.

Atlas Energy Solutions (NYSE:AESI) last announced its quarterly earnings results on Monday, August 3rd. The company reported ($0.20) earnings per share for the quarter, missing the consensus estimate of ($0.15) by ($0.05). The firm had revenue of $293.18 million for the quarter, compared to analyst estimates of $282.24 million. Atlas Energy Solutions had a negative net margin of 11.08% and a negative return on equity of 9.57%. The company’s revenue was up 1.6% compared to the same quarter last year. During the same period in the previous year, the firm posted ($0.04) EPS. On average, research analysts expect that Atlas Energy Solutions Inc. will post -0.94 earnings per share for the current year.

About Atlas Energy Solutions

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.