Copeland Capital Management LLC Purchases 363,742 Shares of Atlas Energy Solutions Inc. (NYSE:AESI)

Copeland Capital Management LLC raised its stake in Atlas Energy Solutions Inc. (NYSE:AESI - Free Report) by 19.3% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 2,247,774 shares of the company's stock after buying an additional 363,742 shares during the quarter. Copeland Capital Management LLC owned 2.04% of Atlas Energy Solutions worth $49,856,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. State Street Corp boosted 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 purchasing an additional 227,776 shares in the last quarter. Geode Capital Management LLC increased its holdings in Atlas Energy Solutions by 3.9% during the 3rd quarter. Geode Capital Management LLC now owns 1,448,340 shares of the company's stock worth $31,579,000 after purchasing an additional 54,321 shares in the last quarter. Wellington Management Group LLP acquired a new stake in Atlas Energy Solutions in the 3rd quarter valued at approximately $17,314,000. Ashford Capital Management Inc. boosted its holdings in Atlas Energy Solutions by 27.9% during the third quarter. Ashford Capital Management Inc. now owns 586,000 shares of the company's stock worth $12,775,000 after purchasing an additional 127,910 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. grew its holdings in shares of Atlas Energy Solutions by 5.3% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 518,569 shares of the company's stock valued at $11,305,000 after acquiring an additional 25,999 shares in the last quarter. 34.59% of the stock is owned by institutional investors.

Atlas Energy Solutions Price Performance

Shares of Atlas Energy Solutions stock traded down $0.33 during midday trading on Wednesday, hitting $22.06. 760,724 shares of the company traded hands, compared to its average volume of 1,615,364. The firm's fifty day moving average price is $22.98 and its 200-day moving average price is $21.56. The stock has a market cap of $2.43 billion, a price-to-earnings ratio of 27.92, a PEG ratio of 6.82 and a beta of 1.03. Atlas Energy Solutions Inc. has a 12 month low of $16.78 and a 12 month high of $26.86. The company has a debt-to-equity ratio of 0.42, a quick ratio of 1.08 and a current ratio of 1.23.

Analyst Ratings Changes

Several equities analysts recently weighed in on the stock. The Goldman Sachs Group began coverage on shares of Atlas Energy Solutions in a research note on Friday, December 13th. They issued a "neutral" rating and a $23.00 target price for the company. Barclays upped their target price on shares of Atlas Energy Solutions from $19.00 to $23.00 and gave the company an "equal weight" rating in a report on Thursday, January 30th. Royal Bank of Canada upped their price objective on Atlas Energy Solutions from $27.00 to $28.00 and gave the company an "outperform" rating in a research note on Tuesday, January 28th. Raymond James cut Atlas Energy Solutions from a "strong-buy" rating to a "hold" rating in a research note on Monday, January 6th. Finally, Stephens raised their target price on shares of Atlas Energy Solutions from $28.00 to $29.00 and gave the stock an "overweight" rating in a research note on Tuesday, January 28th. Six research analysts have rated the stock with a hold rating, five have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, Atlas Energy Solutions has an average rating of "Moderate Buy" and an average target price of $25.50.

Insider Activity

In other Atlas Energy Solutions news, major shareholder Stacy Hock sold 8,571 shares of the stock in a transaction dated Wednesday, November 13th. The stock was sold at an average price of $21.12, for a total transaction of $181,019.52. Following the completion of the sale, the insider now directly owns 926,175 shares in the company, valued at approximately $19,560,816. This trade represents a 0.92 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, major shareholder Brian Anthony Leveille sold 12,500 shares of Atlas Energy Solutions stock in a transaction dated Monday, January 27th. The stock was sold at an average price of $24.46, for a total value of $305,750.00. Following the completion of the transaction, the insider now directly owns 362,010 shares of the company's stock, valued at approximately $8,854,764.60. This trade represents a 3.34 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 124,642 shares of company stock worth $2,871,871. Insiders own 24.34% of the company's stock.

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.