Liontrust Investment Partners LLP Sells 1,302,958 Shares of Atlas Energy Solutions Inc. $AESI

Liontrust Investment Partners LLP lowered its stake in shares of Atlas Energy Solutions Inc. (NYSE:AESI) by 99.4% during the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 7,688 shares of the company’s stock after selling 1,302,958 shares during the period. Liontrust Investment Partners LLP’s holdings in Atlas Energy Solutions were worth $101,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Thrivent Financial for Lutherans grew its position in Atlas Energy Solutions by 1.7% in the second quarter. Thrivent Financial for Lutherans now owns 53,631 shares of the company’s stock worth $717,000 after acquiring an additional 874 shares in the last quarter. Cetera Investment Advisers increased its stake in Atlas Energy Solutions by 6.9% in the first quarter. Cetera Investment Advisers now owns 21,094 shares of the company’s stock valued at $277,000 after acquiring an additional 1,357 shares during the last quarter. Citizens Financial Group Inc. RI raised its position in Atlas Energy Solutions by 6.0% during the first quarter. Citizens Financial Group Inc. RI now owns 23,966 shares of the company’s stock valued at $314,000 after purchasing an additional 1,364 shares in the last quarter. Alliancebernstein L.P. raised its position in Atlas Energy Solutions by 2.1% during the third quarter. Alliancebernstein L.P. now owns 72,580 shares of the company’s stock valued at $825,000 after purchasing an additional 1,500 shares in the last quarter. Finally, Comerica Bank lifted its stake in Atlas Energy Solutions by 2.2% during the third quarter. Comerica Bank now owns 70,197 shares of the company’s stock worth $798,000 after purchasing an additional 1,504 shares during the last quarter. 34.59% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

AESI has been the subject of a number of research reports. Citigroup cut their price objective on Atlas Energy Solutions from $22.00 to $21.00 and set a “buy” rating for the company in a report on Wednesday, July 15th. Royal Bank Of Canada raised their price objective on Atlas Energy Solutions from $14.00 to $20.00 and gave the company a “sector perform” rating in a report on Wednesday, May 6th. Weiss Ratings upgraded Atlas Energy Solutions from a “sell (d)” rating to a “sell (d+)” rating in a research report on Friday, June 5th. Piper Sandler boosted their target price on Atlas Energy Solutions from $13.00 to $19.00 and gave the stock a “neutral” rating in a research report on Monday, May 18th. Finally, Raymond James Financial raised Atlas Energy Solutions from a “market perform” rating to an “outperform” rating and set a $25.00 target price for the company in a research note 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 stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $19.62.

Atlas Energy Solutions Price Performance

Shares of NYSE:AESI opened at $10.77 on Friday. The company has a quick ratio of 0.94, a current ratio of 1.17 and a debt-to-equity ratio of 0.51. The stock has a market cap of $1.34 billion, a PE ratio of -13.63 and a beta of 1.01. The company’s fifty day moving average is $15.36 and its 200 day moving average is $14.06. Atlas Energy Solutions Inc. has a 52 week low of $7.64 and a 52 week high of $20.13.

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.