Yousif Capital Management LLC Purchases Shares of 22,964 Atlas Energy Solutions Inc. (NYSE:AESI)

Yousif Capital Management LLC purchased a new stake in Atlas Energy Solutions Inc. (NYSE:AESI) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 22,964 shares of the company’s stock, valued at approximately $509,000.

Other institutional investors have also recently made changes to their positions in the company. Stifel Financial Corp grew its position in shares of Atlas Energy Solutions by 28.6% in the 3rd quarter. Stifel Financial Corp now owns 126,667 shares of the company’s stock valued at $2,761,000 after buying an additional 28,158 shares during the last quarter. Hodges Capital Management Inc. grew its position in shares of Atlas Energy Solutions by 44.7% in the 4th quarter. Hodges Capital Management Inc. now owns 194,000 shares of the company’s stock valued at $4,302,000 after buying an additional 59,940 shares during the last quarter. Charles Schwab Investment Management Inc. grew its position 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 buying an additional 25,999 shares during the last quarter. Ashford Capital Management Inc. grew its position in shares of Atlas Energy Solutions by 27.9% in the 3rd 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. Finally, Copeland Capital Management LLC grew its position in shares of Atlas Energy Solutions by 19.3% in the 4th quarter. Copeland Capital Management LLC now owns 2,247,774 shares of the company’s stock valued at $49,856,000 after buying an additional 363,742 shares during the last quarter. Institutional investors own 34.59% of the company’s stock.

Insider Buying and Selling

In other Atlas Energy Solutions news, major shareholder Brian Anthony Leveille sold 12,500 shares of Atlas Energy Solutions stock in a transaction that occurred on Tuesday, December 3rd. The stock was sold at an average price of $23.95, for a total transaction of $299,375.00. Following the sale, the insider now directly owns 419,510 shares of the company’s stock, valued at approximately $10,047,264.50. The trade was a 2.89 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, major shareholder Stacy Hock sold 10,000 shares of Atlas Energy Solutions stock in a transaction that occurred on Monday, February 3rd. The shares were sold at an average price of $22.50, for a total value of $225,000.00. Following the sale, the insider now directly owns 897,604 shares in the company, valued at approximately $20,196,090. The trade was a 1.10 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 116,071 shares of company stock valued at $2,708,851 over the last ninety days. 24.34% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several brokerages recently commented on AESI. Royal Bank of Canada upped their target price on Atlas Energy Solutions from $27.00 to $28.00 and gave the company an “outperform” rating in a research report on Tuesday, January 28th. Stephens upped their target price 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 began coverage on Atlas Energy Solutions in a research report on Friday, December 13th. They set a “neutral” rating and a $23.00 target price on the stock. Pickering Energy Partners lowered Atlas Energy Solutions from an “outperform” rating to a “neutral” rating in a research report on Wednesday, October 30th. Finally, Benchmark upped their target price on Atlas Energy Solutions from $23.00 to $28.00 and gave the company a “buy” rating in a research report on Wednesday, January 29th. Six research analysts have rated the stock with a hold rating, five have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, Atlas Energy Solutions has an average rating of “Moderate Buy” and a consensus price target of $25.50.

Atlas Energy Solutions Trading Up 3.7 %

Shares of AESI stock opened at $21.85 on Monday. The company has a market capitalization of $2.41 billion, a PE ratio of 27.65, a price-to-earnings-growth ratio of 6.39 and a beta of 1.03. The business’s fifty day moving average is $22.68 and its 200 day moving average is $21.60. The company has a debt-to-equity ratio of 0.42, a quick ratio of 1.08 and a current ratio of 1.23. Atlas Energy Solutions Inc. has a 52-week low of $17.39 and a 52-week high of $26.86.

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.