Tidal Investments LLC lifted its holdings in shares of Atlas Energy Solutions Inc. (NYSE:AESI – Free Report) by 56.3% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 152,010 shares of the company’s stock after purchasing an additional 54,731 shares during the quarter. Tidal Investments LLC’s holdings in Atlas Energy Solutions were worth $2,525,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also modified their holdings of the business. Encompass Capital Advisors LLC bought a new position in shares of Atlas Energy Solutions during the 1st quarter valued at $119,854,000. Cooke & Bieler LP boosted its holdings in Atlas Energy Solutions by 0.8% in the fourth quarter. Cooke & Bieler LP now owns 4,186,243 shares of the company’s stock worth $39,434,000 after purchasing an additional 32,689 shares in the last quarter. Wasatch Advisors LP acquired a new position in Atlas Energy Solutions during the second quarter worth $30,468,000. Dimensional Fund Advisors LP increased its position in Atlas Energy Solutions by 12.6% during the first quarter. Dimensional Fund Advisors LP now owns 1,502,480 shares of the company’s stock worth $19,713,000 after buying an additional 167,758 shares during the last quarter. Finally, Kennedy Capital Management LLC increased its position in Atlas Energy Solutions by 39.3% during the fourth quarter. Kennedy Capital Management LLC now owns 1,254,992 shares of the company’s stock worth $11,822,000 after buying an additional 354,130 shares during the last quarter. Institutional investors own 34.59% of the company’s stock.
Analyst Ratings Changes
AESI has been the subject of a number of analyst reports. The Goldman Sachs Group set a $12.00 price target on Atlas Energy Solutions in a research report on Friday, August 7th. Royal Bank Of Canada lowered their price objective on Atlas Energy Solutions from $21.00 to $17.00 and set a “sector perform” rating on the stock in a report on Wednesday, August 5th. Stifel Nicolaus cut their price objective on 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. Raymond James Financial upgraded Atlas Energy Solutions from a “market perform” rating to an “outperform” rating and set a $25.00 target price for the company in a report on Tuesday, June 2nd. Finally, Barclays decreased their target price on Atlas Energy Solutions from $14.00 to $10.00 and set an “underweight” rating for the company in a research report on Friday, August 7th. Four research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and three have issued a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $17.12.
Atlas Energy Solutions Stock Performance
Shares of AESI opened at $13.56 on Wednesday. The company has a market capitalization of $1.70 billion, a PE ratio of -14.28 and a beta of 1.17. The company has a debt-to-equity ratio of 0.87, a current ratio of 1.82 and a quick ratio of 1.58. Atlas Energy Solutions Inc. has a one year low of $7.64 and a one year high of $20.13. The company’s fifty day moving average price is $12.77 and its 200 day moving average price is $14.34.
Atlas Energy Solutions (NYSE:AESI – Get Free Report) last released its quarterly earnings results on Monday, August 3rd. The company reported ($0.20) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.15) by ($0.05). The firm had revenue of $293.18 million for the quarter, compared to the consensus estimate 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 firm’s revenue was up 1.6% on a year-over-year basis. During the same quarter last year, the company earned ($0.04) earnings per share. As a group, analysts expect that Atlas Energy Solutions Inc. will post -0.94 earnings per share for the current year.
Atlas Energy Solutions Company Profile
Atlas Energy Solutions Inc (NYSE:AESI) provides proppant and logistics services to oil and natural gas producers, primarily operating in the Permian Basin of West Texas and New Mexico. The company supplies frac sand used in hydraulic fracturing to help keep underground rock fractures open and support the recovery of hydrocarbons.
The company operates sand mines, processing facilities and related infrastructure in the Permian Basin. Its product offerings include various grades and sizes of frac sand, including commonly used 40/70 and 100-mesh products.
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