Vest Financial LLC Increases Holdings in Atlas Energy Solutions Inc. (NYSE:AESI)

Vest Financial LLC raised its stake in Atlas Energy Solutions Inc. (NYSE:AESI - Free Report) by 75.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 114,764 shares of the company's stock after acquiring an additional 49,186 shares during the period. Vest Financial LLC owned 0.10% of Atlas Energy Solutions worth $2,545,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently made changes to their positions in AESI. Copeland Capital Management LLC grew its stake in Atlas Energy Solutions by 19.3% during the 4th 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 last quarter. State Street Corp grew its position in shares of Atlas Energy Solutions by 15.0% during the third quarter. State Street Corp now owns 1,751,059 shares of the company's stock worth $38,173,000 after acquiring an additional 227,776 shares during the last quarter. Geode Capital Management LLC increased its holdings in shares of Atlas Energy Solutions by 3.9% in the 3rd quarter. Geode Capital Management LLC now owns 1,448,340 shares of the company's stock valued at $31,579,000 after acquiring an additional 54,321 shares during the period. Wellington Management Group LLP purchased a new stake in Atlas Energy Solutions in the 3rd quarter valued at $17,314,000. Finally, Ashford Capital Management Inc. raised its holdings in shares of Atlas Energy Solutions by 27.9% in the third quarter. Ashford Capital Management Inc. now owns 586,000 shares of the company's stock valued at $12,775,000 after buying an additional 127,910 shares during the last quarter. Hedge funds and other institutional investors own 34.59% of the company's stock.

Atlas Energy Solutions Price Performance

Shares of NYSE:AESI traded down $0.07 on Tuesday, hitting $21.77. The company had a trading volume of 1,014,909 shares, compared to its average volume of 1,636,605. The business has a 50 day moving average of $22.83 and a 200 day moving average of $21.59. Atlas Energy Solutions Inc. has a 52-week low of $17.19 and a 52-week high of $26.86. The company has a market cap of $2.40 billion, a PE ratio of 27.56, a PEG ratio of 6.39 and a beta of 1.03. The company has a current ratio of 1.23, a quick ratio of 1.08 and a debt-to-equity ratio of 0.42.

Analyst Ratings Changes

Several equities analysts recently issued reports on AESI shares. Stephens boosted their price target on Atlas Energy Solutions from $28.00 to $29.00 and gave the company an "overweight" rating in a research report on Tuesday, January 28th. The Goldman Sachs Group assumed coverage on Atlas Energy Solutions in a report on Friday, December 13th. They issued a "neutral" rating and a $23.00 target price on the stock. Barclays increased their price target on Atlas Energy Solutions from $19.00 to $23.00 and gave the stock an "equal weight" rating in a report on Thursday, January 30th. Bank of America reissued a "neutral" rating and issued a $22.50 price objective on shares of Atlas Energy Solutions in a research note on Monday, January 13th. Finally, Royal Bank of Canada lifted their target price on shares of Atlas Energy Solutions from $27.00 to $28.00 and gave the company an "outperform" rating in a report on Tuesday, January 28th. Six investment analysts have rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, Atlas Energy Solutions presently has a consensus rating of "Moderate Buy" and an average price target of $25.50.

Insider Transactions at Atlas Energy Solutions

In related news, major shareholder Stacy Hock sold 8,571 shares of the stock in a transaction dated 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 approximately $20,691,970.20. This represents a 0.93 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, major shareholder Brian Anthony Leveille sold 10,000 shares of Atlas Energy Solutions stock in a transaction dated Monday, November 18th. The shares were sold at an average price of $20.70, for a total value of $207,000.00. Following the completion of the sale, the insider now owns 482,010 shares of the company's stock, valued at $9,977,607. This trade represents a 2.03 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 134,642 shares of company stock worth $3,096,871 over the last ninety days. 24.34% of the stock is currently owned by corporate insiders.

Atlas Energy Solutions Profile

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.