17,348 Shares in Atlas Energy Solutions Inc. $AESI Bought by Fox Run Management L.L.C.

Fox Run Management L.L.C. purchased a new stake in Atlas Energy Solutions Inc. (NYSE:AESI) in the second quarter, HoldingsChannel reports. The institutional investor purchased 17,348 shares of the company’s stock, valued at approximately $232,000.

Several other large investors also recently bought and sold shares of the stock. CWM LLC increased its position in shares of 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 purchasing an additional 1,586 shares in the last quarter. Larson Financial Group LLC grew its stake in Atlas Energy Solutions by 201.8% during the 1st quarter. Larson Financial Group LLC now owns 1,968 shares of the company’s stock worth $35,000 after buying an additional 1,316 shares during the last quarter. Caitong International Asset Management Co. Ltd purchased a new position in Atlas Energy Solutions during the 2nd quarter worth approximately $36,000. Nisa Investment Advisors LLC increased its position in Atlas Energy Solutions by 233.5% during the second quarter. Nisa Investment Advisors LLC now owns 2,668 shares of the company’s stock worth $36,000 after buying an additional 1,868 shares during the period. Finally, Kestra Investment Management LLC purchased a new stake in Atlas Energy Solutions in the first quarter valued at approximately $55,000. Institutional investors and hedge funds own 34.59% of the company’s stock.

Atlas Energy Solutions Trading Up 4.1%

Shares of Atlas Energy Solutions stock opened at $8.88 on Friday. The firm has a market cap of $1.10 billion, a price-to-earnings ratio of -98.67 and a beta of 1.18. Atlas Energy Solutions Inc. has a 52-week low of $8.33 and a 52-week high of $26.86. The company’s 50-day simple moving average is $10.99 and its 200-day simple moving average is $12.32. The company has a quick ratio of 1.09, a current ratio of 1.35 and a debt-to-equity ratio of 0.43.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on the stock. Weiss Ratings upgraded shares of Atlas Energy Solutions from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Friday, November 7th. 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. Citigroup reduced their target price on shares of Atlas Energy Solutions from $12.00 to $11.00 and set a “neutral” rating for the company in a report on Wednesday, October 1st. Piper Sandler decreased their target price on shares of Atlas Energy Solutions from $14.00 to $12.00 and set a “neutral” rating for the company in a research note on Thursday, October 16th. Finally, Barclays lowered their price target on Atlas Energy Solutions from $12.00 to $11.00 and set an “equal weight” rating on the stock in a report on Monday, October 13th. Four analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company. According to MarketBeat.com, Atlas Energy Solutions presently has an average rating of “Hold” and a consensus price target of $17.39.

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.