Readystate Asset Management LP Purchases Shares of 111,193 Atlas Energy Solutions Inc. $AESI

Readystate Asset Management LP purchased a new position in shares of Atlas Energy Solutions Inc. (NYSE:AESI) during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor purchased 111,193 shares of the company’s stock, valued at approximately $1,459,000. Readystate Asset Management LP owned approximately 0.09% of Atlas Energy Solutions as of its most recent filing with the SEC.

Other large investors also recently modified their holdings of the company. Thrivent Financial for Lutherans lifted its position in shares of Atlas Energy Solutions by 1.7% during the 2nd 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 period. Cetera Investment Advisers grew its holdings in Atlas Energy Solutions by 6.9% in the first quarter. Cetera Investment Advisers now owns 21,094 shares of the company’s stock worth $277,000 after purchasing an additional 1,357 shares during the period. Citizens Financial Group Inc. RI increased its stake in Atlas Energy Solutions by 6.0% in the first quarter. Citizens Financial Group Inc. RI now owns 23,966 shares of the company’s stock valued at $314,000 after purchasing an additional 1,364 shares in the last quarter. Alliancebernstein L.P. increased its stake in Atlas Energy Solutions by 2.1% in the third quarter. Alliancebernstein L.P. now owns 72,580 shares of the company’s stock valued at $825,000 after purchasing an additional 1,500 shares in the last quarter. Finally, Comerica Bank raised its holdings in shares of Atlas Energy Solutions by 2.2% during the third quarter. Comerica Bank now owns 70,197 shares of the company’s stock valued at $798,000 after purchasing an additional 1,504 shares during the period. Institutional investors and hedge funds own 34.59% of the company’s stock.

Atlas Energy Solutions Price Performance

Atlas Energy Solutions stock opened at $10.19 on Thursday. Atlas Energy Solutions Inc. has a 52 week low of $7.64 and a 52 week high of $20.13. The company’s 50 day moving average price is $15.71 and its two-hundred day moving average price is $14.08. The stock has a market cap of $1.27 billion, a P/E ratio of -12.90 and a beta of 1.01. The company has a quick ratio of 0.94, a current ratio of 1.17 and a debt-to-equity ratio of 0.51.

Analyst Ratings Changes

Several analysts have recently commented on AESI shares. Weiss Ratings upgraded Atlas Energy Solutions from a “sell (d)” rating to a “sell (d+)” rating in a research note on Friday, June 5th. Barclays cut their price target on Atlas Energy Solutions from $16.00 to $14.00 and set an “underweight” rating on the stock in a report on Thursday, July 16th. The Goldman Sachs Group raised their price objective on Atlas Energy Solutions from $9.00 to $14.00 and gave the company a “sell” rating in a research note on Wednesday, June 3rd. Citigroup lowered their target price on Atlas Energy Solutions from $22.00 to $21.00 and set a “buy” rating on the stock in a research report on Wednesday, July 15th. Finally, Royal Bank Of Canada increased their target price on Atlas Energy Solutions from $14.00 to $20.00 and gave the stock a “sector perform” rating in a report on Wednesday, May 6th. Four research analysts have rated the stock with a Buy rating, three have issued a Hold rating and three have issued a Sell rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $19.62.

About Atlas Energy Solutions

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.