Atlas Energy Solutions Inc. $AESI Stake Increased by CenterBook Partners LP

CenterBook Partners LP increased its stake in Atlas Energy Solutions Inc. (NYSE:AESI) by 109.1% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 305,154 shares of the company’s stock after buying an additional 159,223 shares during the period. CenterBook Partners LP owned about 0.25% of Atlas Energy Solutions worth $2,875,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in AESI. Vanguard Group Inc. boosted its holdings in Atlas Energy Solutions by 2.8% in the fourth quarter. Vanguard Group Inc. now owns 8,008,272 shares of the company’s stock worth $75,438,000 after purchasing an additional 215,243 shares during the period. Advisors Asset Management Inc. boosted its holdings in Atlas Energy Solutions by 169.6% in the third quarter. Advisors Asset Management Inc. now owns 236,395 shares of the company’s stock worth $2,688,000 after purchasing an additional 148,709 shares during the period. UBS Group AG boosted its holdings in 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 purchasing an additional 1,264,530 shares during the period. Kettle Hill Capital Management LLC boosted its holdings in Atlas Energy Solutions by 61.4% in the third quarter. Kettle Hill Capital Management LLC now owns 660,843 shares of the company’s stock worth $7,514,000 after purchasing an additional 251,474 shares during the period. Finally, Argentarii LLC boosted its holdings in 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 purchasing an additional 150,421 shares during the period. Institutional investors own 34.59% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on AESI shares. 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 report on Tuesday, June 2nd. Weiss Ratings raised shares of Atlas Energy Solutions from a “sell (d)” rating to a “sell (d+)” rating in a report on Friday. Piper Sandler lifted their price objective on shares of Atlas Energy Solutions from $13.00 to $19.00 and gave the stock a “neutral” rating in a report on Monday, May 18th. Citigroup lifted their price objective on shares of Atlas Energy Solutions from $18.00 to $22.00 and gave the stock a “buy” rating in a report on Tuesday, May 12th. Finally, Royal Bank Of Canada lifted their price objective on shares of Atlas Energy Solutions from $14.00 to $20.00 and gave the stock a “sector perform” rating in a report on Wednesday, May 6th. 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. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $20.00.

Atlas Energy Solutions Stock Performance

Shares of AESI opened at $17.28 on Tuesday. Atlas Energy Solutions Inc. has a 1 year low of $7.64 and a 1 year high of $20.13. The company has a market cap of $2.16 billion, a price-to-earnings ratio of -21.87 and a beta of 1.02. The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.94 and a current ratio of 1.17. The firm has a fifty day moving average of $16.04 and a 200-day moving average of $12.66.

Atlas Energy Solutions Company 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.