Atlas Energy Solutions Inc. (NYSE:AESI) Shares Acquired by Wilmington Savings Fund Society FSB

Wilmington Savings Fund Society FSB increased its holdings in shares of Atlas Energy Solutions Inc. (NYSE:AESI) by 8.0% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 14,770 shares of the company’s stock after acquiring an additional 1,100 shares during the quarter. Wilmington Savings Fund Society FSB’s holdings in Atlas Energy Solutions were worth $328,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of AESI. Wellington Management Group LLP acquired a new stake in shares of Atlas Energy Solutions during the 3rd quarter worth approximately $17,314,000. First Sabrepoint Capital Management LP bought a new position in Atlas Energy Solutions during the 3rd quarter worth $8,066,000. Copeland Capital Management LLC increased its position in Atlas Energy Solutions by 19.3% in the fourth quarter. Copeland Capital Management LLC now owns 2,247,774 shares of the company’s stock worth $49,856,000 after buying an additional 363,742 shares during the period. State Street Corp lifted its stake in Atlas Energy Solutions by 15.0% in the third quarter. State Street Corp now owns 1,751,059 shares of the company’s stock valued at $38,173,000 after buying an additional 227,776 shares during the last quarter. Finally, Barclays PLC boosted its holdings in shares of Atlas Energy Solutions by 574.5% during the third quarter. Barclays PLC now owns 175,082 shares of the company’s stock valued at $3,817,000 after acquiring an additional 149,126 shares during the period. Institutional investors own 34.59% of the company’s stock.

Insider Activity

In related news, major shareholder Brian Anthony Leveille sold 10,000 shares of Atlas Energy Solutions stock in a transaction on Thursday, November 21st. The shares were sold at an average price of $21.50, for a total value of $215,000.00. Following the completion of the sale, the insider now owns 472,010 shares of the company’s stock, valued at approximately $10,148,215. The trade was a 2.07 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, major shareholder Stacy Hock sold 8,571 shares of the stock in a transaction on Wednesday, December 18th. The stock was sold at an average price of $22.55, for a total transaction of $193,276.05. Following the transaction, the insider now directly owns 917,604 shares in the company, valued at $20,691,970.20. The trade was a 0.93 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 126,071 shares of company stock worth $2,915,851 in the last three months. 24.34% of the stock is owned by insiders.

Atlas Energy Solutions Price Performance

AESI opened at $21.77 on Wednesday. The company has a current ratio of 1.23, a quick ratio of 1.08 and a debt-to-equity ratio of 0.42. Atlas Energy Solutions Inc. has a 1 year low of $17.19 and a 1 year high of $26.86. The stock has a fifty day moving average price of $22.78 and a 200 day moving average price of $21.59. The stock has a market cap of $2.40 billion, a price-to-earnings ratio of 27.56, a PEG ratio of 6.39 and a beta of 1.03.

Wall Street Analyst Weigh In

AESI has been the topic of several recent research reports. Barclays lifted their price objective on shares of Atlas Energy Solutions from $19.00 to $23.00 and gave the company an “equal weight” rating in a research report on Thursday, January 30th. Royal Bank of Canada lifted their price target on Atlas Energy Solutions from $27.00 to $28.00 and gave the company an “outperform” rating in a report on Tuesday, January 28th. Pickering Energy Partners lowered Atlas Energy Solutions from an “outperform” rating to a “neutral” rating in a report on Wednesday, October 30th. Raymond James downgraded Atlas Energy Solutions from a “strong-buy” rating to a “hold” rating in a research note on Monday, January 6th. Finally, Bank of America reissued a “neutral” rating and issued a $22.50 price target on shares of Atlas Energy Solutions in a research note on Monday, January 13th. Six analysts have rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, Atlas Energy Solutions presently has a consensus rating of “Moderate Buy” and an average price target of $25.50.

About Atlas Energy Solutions

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.