Bessemer Group Inc. Purchases New Shares in Atlas Energy Solutions Inc. $AESI

Bessemer Group Inc. purchased a new position in shares of Atlas Energy Solutions Inc. (NYSE:AESI) during the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 57,845 shares of the company’s stock, valued at approximately $759,000.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in AESI. Vanguard Group Inc. lifted its stake in Atlas Energy Solutions by 2.8% during the fourth quarter. Vanguard Group Inc. now owns 8,008,272 shares of the company’s stock valued at $75,438,000 after buying an additional 215,243 shares in the last quarter. UBS Group AG increased its position in shares of Atlas Energy Solutions by 139.6% in the fourth quarter. UBS Group AG now owns 2,170,655 shares of the company’s stock worth $20,448,000 after acquiring an additional 1,264,530 shares in the last quarter. Argentarii LLC increased its position in shares of Atlas Energy Solutions by 962.8% in the fourth quarter. Argentarii LLC now owns 166,044 shares of the company’s stock worth $1,564,000 after acquiring an additional 150,421 shares in the last quarter. Universal Beteiligungs und Servicegesellschaft mbH raised its holdings in shares of Atlas Energy Solutions by 1,081.9% during the fourth quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 153,561 shares of the company’s stock valued at $1,447,000 after acquiring an additional 140,568 shares during the period. Finally, Consolidated Portfolio Review Corp acquired a new stake in shares of Atlas Energy Solutions during the fourth quarter valued at approximately $5,915,000. Institutional investors and hedge funds own 34.59% of the company’s stock.

Wall Street Analysts Forecast Growth

AESI has been the subject of a number of recent analyst reports. Raymond James Financial raised shares of Atlas Energy Solutions from a “market perform” rating to an “outperform” rating and set a $25.00 price objective for the company in a research note on Tuesday, June 2nd. The Goldman Sachs Group boosted their target price on shares of Atlas Energy Solutions from $9.00 to $14.00 and gave the company a “sell” rating in a research note on Wednesday, June 3rd. Stifel Nicolaus set a $28.00 target price on Atlas Energy Solutions in a report on Friday, May 1st. Royal Bank Of Canada raised their target price 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. Finally, Weiss Ratings upgraded Atlas Energy Solutions from a “sell (d)” rating to a “sell (d+)” rating in a report on Friday, June 5th. Four equities research analysts have rated the stock with a Buy rating, three have issued a Hold rating and three have issued a Sell rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $19.62.

Atlas Energy Solutions Price Performance

Shares of AESI opened at $13.08 on Friday. The firm has a market cap of $1.63 billion, a PE ratio of -16.56 and a beta of 1.01. The firm’s 50 day moving average price is $16.36 and its 200 day moving average price is $14.05. The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.94 and a current ratio of 1.17. Atlas Energy Solutions Inc. has a twelve month low of $7.64 and a twelve month high of $20.13.

Atlas Energy Solutions Profile

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.