Simcoe Capital LLC Makes New Investment in Atlas Energy Solutions Inc. $AESI

Simcoe Capital LLC purchased a new position in shares of Atlas Energy Solutions Inc. (NYSE:AESI) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 273,755 shares of the company’s stock, valued at approximately $2,579,000. Atlas Energy Solutions makes up 2.4% of Simcoe Capital LLC’s holdings, making the stock its 26th largest holding.

Several other hedge funds also recently bought and sold shares of AESI. UBS Group AG increased its position in Atlas Energy Solutions by 139.6% during the fourth quarter. UBS Group AG now owns 2,170,655 shares of the company’s stock worth $20,448,000 after buying an additional 1,264,530 shares in the last quarter. Cooke & Bieler LP increased its position in Atlas Energy Solutions by 29.0% during the third quarter. Cooke & Bieler LP now owns 4,153,554 shares of the company’s stock worth $47,226,000 after buying an additional 934,114 shares in the last quarter. Ameriprise Financial Inc. increased its position in Atlas Energy Solutions by 431.2% during the second quarter. Ameriprise Financial Inc. now owns 829,348 shares of the company’s stock worth $11,088,000 after buying an additional 673,221 shares in the last quarter. Consolidated Portfolio Review Corp purchased a new position in Atlas Energy Solutions during the fourth quarter worth $5,915,000. Finally, Franklin Resources Inc. purchased a new position in Atlas Energy Solutions during the third quarter worth $6,755,000. Hedge funds and other institutional investors own 34.59% of the company’s stock.

Insiders Place Their Bets

In related news, major shareholder Chris Scholla sold 8,912 shares of Atlas Energy Solutions stock in a transaction on Friday, March 6th. The stock was sold at an average price of $11.79, for a total value of $105,072.48. Following the transaction, the insider owned 567,972 shares in the company, valued at approximately $6,696,389.88. This trade represents a 1.54% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Gregory M. Shepard sold 130,000 shares of Atlas Energy Solutions stock in a transaction on Wednesday, February 18th. The shares were sold at an average price of $11.98, for a total value of $1,557,400.00. Following the completion of the transaction, the insider owned 7,421,210 shares in the company, valued at $88,906,095.80. The trade was a 1.72% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 238,912 shares of company stock worth $2,837,472 in the last quarter. 16.40% of the stock is owned by insiders.

Analysts Set New Price Targets

Several research firms have weighed in on AESI. Royal Bank Of Canada raised their price target on Atlas Energy Solutions from $14.00 to $20.00 and gave the stock a “sector perform” rating in a research report on Wednesday, May 6th. Piper Sandler raised their price target on Atlas Energy Solutions from $10.00 to $13.00 and gave the stock a “neutral” rating in a research report on Wednesday, April 15th. The Goldman Sachs Group raised their price objective on Atlas Energy Solutions from $8.00 to $9.00 and gave the stock a “sell” rating in a report on Wednesday, March 4th. Stifel Nicolaus set a $28.00 price objective on Atlas Energy Solutions in a report on Friday, May 1st. Finally, Weiss Ratings cut Atlas Energy Solutions from a “sell (d+)” rating to a “sell (d)” rating in a report on Wednesday, May 6th. Three investment analysts have rated the stock with a Buy rating, three have assigned a Hold rating and three have issued a Sell rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $17.71.

Atlas Energy Solutions Price Performance

Shares of Atlas Energy Solutions stock opened at $18.29 on Wednesday. Atlas Energy Solutions Inc. has a twelve month low of $7.64 and a twelve month high of $19.61. The stock has a market capitalization of $2.27 billion, a P/E ratio of -23.15 and a beta of 1.08. The company has a current ratio of 1.17, a quick ratio of 0.94 and a debt-to-equity ratio of 0.51. The business’s fifty day moving average price is $13.84 and its 200 day moving average price is $11.61.

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.