State of Alaska Department of Revenue Purchases New Stake in Atlas Energy Solutions Inc. (NYSE:AESI)

State of Alaska Department of Revenue bought a new position in Atlas Energy Solutions Inc. (NYSE:AESI - Free Report) in the fourth quarter, according to its most recent disclosure with the SEC. The firm bought 34,452 shares of the company's stock, valued at approximately $764,000.

Other hedge funds have also modified their holdings of the company. Stifel Financial Corp grew its holdings in shares of Atlas Energy Solutions by 28.6% during the 3rd quarter. Stifel Financial Corp now owns 126,667 shares of the company's stock worth $2,761,000 after purchasing an additional 28,158 shares during the period. Hodges Capital Management Inc. grew its holdings in shares of Atlas Energy Solutions by 44.7% during the 4th quarter. Hodges Capital Management Inc. now owns 194,000 shares of the company's stock worth $4,302,000 after purchasing an additional 59,940 shares during the period. Charles Schwab Investment Management Inc. grew its holdings in shares of Atlas Energy Solutions by 5.3% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 518,569 shares of the company's stock worth $11,305,000 after purchasing an additional 25,999 shares during the period. Ashford Capital Management Inc. grew its holdings in shares of Atlas Energy Solutions by 27.9% during the 3rd 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 period. Finally, Copeland Capital Management LLC grew its holdings in shares of 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 purchasing an additional 363,742 shares during the period. 34.59% of the stock is currently owned by hedge funds and other institutional investors.

Atlas Energy Solutions Stock Up 2.4 %

AESI stock traded up $0.52 during mid-day trading on Tuesday, reaching $22.39. The company had a trading volume of 367,881 shares, compared to its average volume of 1,560,872. The company has a debt-to-equity ratio of 0.42, a quick ratio of 1.08 and a current ratio of 1.23. The company has a market capitalization of $2.47 billion, a price-to-earnings ratio of 28.34, a price-to-earnings-growth ratio of 6.39 and a beta of 1.03. The firm has a fifty day simple moving average of $22.66 and a 200 day simple moving average of $21.61. Atlas Energy Solutions Inc. has a fifty-two week low of $17.49 and a fifty-two week high of $26.86.

Insider Transactions at Atlas Energy Solutions

In other Atlas Energy Solutions news, major shareholder Stacy Hock sold 8,571 shares of Atlas Energy Solutions stock in a transaction that occurred 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 owns 917,604 shares of the company's stock, valued at $20,691,970.20. The trade was a 0.93 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, major shareholder Brian Anthony Leveille sold 10,000 shares of the business's stock in a transaction that occurred 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 transaction, the insider now directly owns 472,010 shares in the company, valued at approximately $10,148,215. The trade was a 2.07 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 116,071 shares of company stock valued at $2,708,851. Corporate insiders own 24.34% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts recently commented on the company. Stephens raised their target price on Atlas Energy Solutions from $28.00 to $29.00 and gave the company an "overweight" rating in a report on Tuesday, January 28th. Bank of America restated a "neutral" rating and set a $22.50 target price on shares of Atlas Energy Solutions in a report on Monday, January 13th. Citigroup cut Atlas Energy Solutions from a "buy" rating to a "neutral" rating and lowered their target price for the company from $23.00 to $22.00 in a report on Thursday, November 14th. Royal Bank of Canada raised their target price on Atlas Energy Solutions from $27.00 to $28.00 and gave the company an "outperform" rating in a report on Tuesday, January 28th. Finally, Barclays raised their target price on Atlas Energy Solutions from $19.00 to $23.00 and gave the company an "equal weight" rating in a report on Thursday, January 30th. Six analysts have rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $25.50.

Atlas Energy Solutions Company 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.