Cooperman Leon G Grows Stock Position in Atlas Energy Solutions Inc. $AESI

Cooperman Leon G increased its stake in Atlas Energy Solutions Inc. (NYSE:AESI) by 4.0% in the third quarter, Holdings Channel reports. The institutional investor owned 5,366,363 shares of the company’s stock after acquiring an additional 204,268 shares during the period. Atlas Energy Solutions makes up about 1.9% of Cooperman Leon G’s investment portfolio, making the stock its 17th biggest holding. Cooperman Leon G’s holdings in Atlas Energy Solutions were worth $61,016,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently bought and sold shares of the company. Thrivent Financial for Lutherans increased its position in Atlas Energy Solutions by 1.7% during the second quarter. Thrivent Financial for Lutherans now owns 53,631 shares of the company’s stock valued at $717,000 after acquiring an additional 874 shares during the last quarter. Police & Firemen s Retirement System of New Jersey lifted its holdings in shares of Atlas Energy Solutions by 7.1% in the 2nd quarter. Police & Firemen s Retirement System of New Jersey now owns 16,090 shares of the company’s stock worth $215,000 after acquiring an additional 1,061 shares during the last quarter. Louisiana State Employees Retirement System lifted its holdings in shares of Atlas Energy Solutions by 3.5% in the 3rd quarter. Louisiana State Employees Retirement System now owns 35,300 shares of the company’s stock worth $401,000 after acquiring an additional 1,200 shares during the last quarter. Belpointe Asset Management LLC boosted its stake in shares of Atlas Energy Solutions by 3.5% during the 3rd quarter. Belpointe Asset Management LLC now owns 36,262 shares of the company’s stock worth $412,000 after purchasing an additional 1,232 shares during the period. Finally, Alliancebernstein L.P. boosted its stake in shares of Atlas Energy Solutions by 2.1% during the 3rd quarter. Alliancebernstein L.P. now owns 72,580 shares of the company’s stock worth $825,000 after purchasing an additional 1,500 shares during the period. 34.59% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Atlas Energy Solutions

In other news, major shareholder Chris Scholla sold 8,912 shares of the firm’s stock in a transaction that occurred on Friday, March 6th. The shares were sold at an average price of $11.79, for a total transaction of $105,072.48. Following the transaction, the insider directly owned 567,972 shares of the company’s stock, valued at approximately $6,696,389.88. This trade represents a 1.54% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Gregory M. Shepard sold 130,000 shares of the firm’s stock in a transaction that occurred on Wednesday, February 18th. The stock was sold at an average price of $11.98, for a total transaction of $1,557,400.00. Following the transaction, the insider directly owned 7,421,210 shares in the company, valued at approximately $88,906,095.80. This trade represents a 1.72% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 238,912 shares of company stock worth $2,837,472 over the last 90 days. Insiders own 15.98% of the company’s stock.

Wall Street Analysts Forecast Growth

AESI has been the topic of a number of recent analyst reports. Piper Sandler reduced their price objective on shares of Atlas Energy Solutions from $12.00 to $10.00 and set a “neutral” rating on the stock in a research report on Monday, November 17th. Weiss Ratings lowered Atlas Energy Solutions from a “hold (c-)” rating to a “sell (d)” rating in a research report on Friday, February 27th. The Goldman Sachs Group increased their price target on Atlas Energy Solutions from $8.00 to $9.00 and gave the stock a “sell” rating in a report on Wednesday, March 4th. Citigroup decreased their price target on Atlas Energy Solutions from $11.00 to $10.40 and set a “neutral” rating for the company in a research note on Tuesday, December 23rd. Finally, Royal Bank Of Canada set a $12.00 price objective on Atlas Energy Solutions in a report on Thursday, January 15th. Three research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and three have issued a Sell rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $11.63.

Atlas Energy Solutions Trading Up 0.8%

AESI stock opened at $13.61 on Friday. Atlas Energy Solutions Inc. has a 12 month low of $7.64 and a 12 month high of $19.00. The firm’s 50-day moving average is $11.30 and its 200 day moving average is $10.70. The company has a market capitalization of $1.69 billion, a PE ratio of -34.01 and a beta of 1.31. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.46 and a quick ratio of 1.16.

Atlas Energy Solutions Profile

Atlas Energy Solutions (NYSE: AESI) is an independent energy infrastructure company specializing in the development and operation of low-carbon and renewable natural gas (RNG) projects alongside complementary clean energy offerings. Through its diversified platform, the company seeks to deliver decarbonization solutions across heavy-duty transportation and industrial markets, leveraging technologies that reduce greenhouse gas emissions while providing reliable fuel and energy services.

The company’s core business activities encompass four primary segments.