XTX Topco Ltd Lowers Stock Position in Atlas Energy Solutions Inc. $AESI

XTX Topco Ltd reduced its position in shares of Atlas Energy Solutions Inc. (NYSE:AESI) by 31.4% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 80,151 shares of the company’s stock after selling 36,681 shares during the period. XTX Topco Ltd’s holdings in Atlas Energy Solutions were worth $1,072,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Harbor Capital Advisors Inc. lifted its position in shares of Atlas Energy Solutions by 1.0% during the 2nd quarter. Harbor Capital Advisors Inc. now owns 75,065 shares of the company’s stock worth $1,004,000 after buying an additional 725 shares in the last quarter. Police & Firemen s Retirement System of New Jersey grew its holdings in shares of Atlas Energy Solutions by 7.1% in the second quarter. Police & Firemen s Retirement System of New Jersey now owns 16,090 shares of the company’s stock valued at $215,000 after acquiring an additional 1,061 shares in the last quarter. Mutual of America Capital Management LLC increased its position in shares of Atlas Energy Solutions by 13.9% during the first quarter. Mutual of America Capital Management LLC now owns 10,460 shares of the company’s stock valued at $187,000 after acquiring an additional 1,277 shares during the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its position in shares of Atlas Energy Solutions by 8.9% during the second quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 18,726 shares of the company’s stock valued at $250,000 after acquiring an additional 1,538 shares during the last quarter. Finally, CWM LLC lifted its holdings in Atlas Energy Solutions by 244.4% during the second quarter. CWM LLC now owns 2,235 shares of the company’s stock worth $30,000 after acquiring an additional 1,586 shares during the period. 34.59% of the stock is owned by institutional investors.

Atlas Energy Solutions Price Performance

AESI opened at $8.62 on Friday. The firm has a 50-day moving average price of $10.48 and a 200-day moving average price of $11.94. Atlas Energy Solutions Inc. has a twelve month low of $7.64 and a twelve month high of $26.86. The company has a quick ratio of 1.09, a current ratio of 1.35 and a debt-to-equity ratio of 0.43. The company has a market capitalization of $1.07 billion, a price-to-earnings ratio of -95.78 and a beta of 1.18.

Analysts Set New Price Targets

A number of research analysts have issued reports on AESI shares. The Goldman Sachs Group downgraded Atlas Energy Solutions from a “neutral” rating to a “sell” rating and reduced their price objective for the company from $12.00 to $8.00 in a research note on Thursday, November 20th. Citigroup cut their price target on shares of Atlas Energy Solutions from $12.00 to $11.00 and set a “neutral” rating on the stock in a report on Wednesday, October 1st. Weiss Ratings restated a “hold (c-)” rating on shares of Atlas Energy Solutions in a research report on Tuesday. Stifel Nicolaus lowered their price objective on shares of Atlas Energy Solutions from $14.50 to $14.00 and set a “buy” rating on the stock in a research report on Monday, August 11th. Finally, Barclays reiterated an “underweight” rating and issued a $7.00 target price (down from $11.00) on shares of Atlas Energy Solutions in a research note on Friday, November 14th. Four analysts have rated the stock with a Buy rating, five have issued a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $15.94.

Atlas Energy Solutions Profile

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.