Louisiana State Employees Retirement System Acquires Shares of 29,300 Atlas Energy Solutions Inc. (NYSE:AESI)

Louisiana State Employees Retirement System acquired a new stake in Atlas Energy Solutions Inc. (NYSE:AESI) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund acquired 29,300 shares of the company’s stock, valued at approximately $650,000.

A number of other institutional investors have also recently bought and sold shares of AESI. Wellington Management Group LLP bought a new stake in Atlas Energy Solutions in the 3rd quarter valued at about $17,314,000. First Sabrepoint Capital Management LP bought a new stake in shares of Atlas Energy Solutions during the 3rd quarter worth approximately $8,066,000. Copeland Capital Management LLC lifted 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 acquiring an additional 363,742 shares during the period. State Street Corp lifted its holdings in shares of Atlas Energy Solutions by 15.0% during the 3rd 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 period. Finally, Barclays PLC lifted its holdings in shares of Atlas Energy Solutions by 574.5% during the 3rd quarter. Barclays PLC now owns 175,082 shares of the company’s stock worth $3,817,000 after acquiring an additional 149,126 shares during the period. Institutional investors own 34.59% of the company’s stock.

Atlas Energy Solutions Trading Up 1.7 %

Shares of NYSE AESI opened at $22.25 on Wednesday. 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 $17.49 and a 52-week high of $26.86. The firm has a 50 day moving average price of $22.66 and a two-hundred day moving average price of $21.61. The stock has a market cap of $2.45 billion, a P/E ratio of 28.16, a price-to-earnings-growth ratio of 6.39 and a beta of 1.03.

Insider Buying and Selling at Atlas Energy Solutions

In other news, major shareholder Brian Anthony Leveille sold 10,000 shares of the company’s stock in a transaction 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 sale, the insider now directly owns 472,010 shares of the company’s stock, valued at approximately $10,148,215. This represents a 2.07 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, major shareholder Stacy Hock sold 8,571 shares of the company’s stock in a transaction on Wednesday, December 18th. The shares were sold at an average price of $22.55, for a total transaction of $193,276.05. Following the completion of the sale, 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 disclosure for this sale can be found here. In the last ninety days, insiders sold 116,071 shares of company stock worth $2,708,851. 24.34% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

AESI has been the subject of a number of recent analyst reports. Royal Bank of Canada upped their price target on shares of Atlas Energy Solutions from $27.00 to $28.00 and gave the stock an “outperform” rating in a report on Tuesday, January 28th. Stephens upped their price target on shares of Atlas Energy Solutions from $28.00 to $29.00 and gave the stock an “overweight” rating in a report on Tuesday, January 28th. Citigroup downgraded shares of Atlas Energy Solutions from a “buy” rating to a “neutral” rating and cut their price target for the stock from $23.00 to $22.00 in a report on Thursday, November 14th. Bank of America reiterated a “neutral” rating and set a $22.50 price objective on shares of Atlas Energy Solutions in a research report on Monday, January 13th. Finally, Pickering Energy Partners cut shares of Atlas Energy Solutions from an “outperform” rating to a “neutral” rating in a research report on Wednesday, October 30th. Six 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 company. Based on data from MarketBeat.com, Atlas Energy Solutions currently has a consensus rating of “Moderate Buy” and an average target price of $25.50.

About Atlas Energy Solutions

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.