Gabelli Funds LLC Sells 88,926 Shares of Atlas Energy Solutions Inc. $AESI

Gabelli Funds LLC trimmed its position in shares of Atlas Energy Solutions Inc. (NYSE:AESI) by 51.1% during the 4th quarter, HoldingsChannel.com reports. The firm owned 85,000 shares of the company’s stock after selling 88,926 shares during the quarter. Gabelli Funds LLC’s holdings in Atlas Energy Solutions were worth $801,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. EverSource Wealth Advisors LLC bought a new position in Atlas Energy Solutions in the 2nd quarter worth about $25,000. Quarry LP bought a new position in Atlas Energy Solutions in the 3rd quarter worth about $26,000. Centerpoint Advisors LLC grew its stake in Atlas Energy Solutions by 270.6% in the 3rd quarter. Centerpoint Advisors LLC now owns 2,850 shares of the company’s stock worth $32,000 after acquiring an additional 2,081 shares in the last quarter. BNP Paribas Financial Markets grew its stake in Atlas Energy Solutions by 43.4% in the 2nd quarter. BNP Paribas Financial Markets now owns 7,823 shares of the company’s stock worth $105,000 after acquiring an additional 2,369 shares in the last quarter. Finally, Tower Research Capital LLC TRC grew its stake in Atlas Energy Solutions by 34.8% in the 2nd quarter. Tower Research Capital LLC TRC now owns 8,954 shares of the company’s stock worth $120,000 after acquiring an additional 2,314 shares in the last quarter. 34.59% of the stock is currently owned by institutional investors.

Atlas Energy Solutions Price Performance

NYSE AESI opened at $19.09 on Friday. 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’s 50 day moving average price is $15.10 and its 200-day moving average price is $12.05. Atlas Energy Solutions Inc. has a 52-week low of $7.64 and a 52-week high of $20.13. The company has a market cap of $2.38 billion, a PE ratio of -24.17 and a beta of 1.08.

Insider Activity

In other news, major shareholder Chris Scholla sold 8,912 shares of the stock in a transaction that occurred on Friday, March 6th. The shares were sold at an average price of $11.79, for a total transaction of $105,072.48. Following the transaction, the insider directly 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 16.40% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have commented on AESI. Stifel Nicolaus set a $28.00 target price on shares of Atlas Energy Solutions in a research note on Friday, May 1st. Weiss Ratings downgraded shares of Atlas Energy Solutions from a “sell (d+)” rating to a “sell (d)” rating in a research note on Wednesday, May 6th. Barclays upped their target price on shares of Atlas Energy Solutions from $12.00 to $16.00 and gave the stock an “underweight” rating in a research note on Friday, May 8th. Piper Sandler upped their target price on shares of Atlas Energy Solutions from $13.00 to $19.00 and gave the stock a “neutral” rating in a research note on Monday, May 18th. Finally, Citigroup upped their target price on shares of Atlas Energy Solutions from $18.00 to $22.00 and gave the stock a “buy” rating in a research note on Tuesday, May 12th. 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 stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $18.57.

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.