Atlas Energy Solutions Inc. $AESI Position Boosted by CenterBook Partners LP

CenterBook Partners LP lifted its stake in Atlas Energy Solutions Inc. (NYSE:AESI) by 84.8% during the 3rd quarter, Holdings Channel reports. The institutional investor owned 1,180,943 shares of the company’s stock after buying an additional 541,774 shares during the period. Atlas Energy Solutions makes up approximately 0.6% of CenterBook Partners LP’s portfolio, making the stock its 27th biggest holding. CenterBook Partners LP’s holdings in Atlas Energy Solutions were worth $14,183,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of AESI. State of Wyoming purchased a new position in Atlas Energy Solutions in the 1st quarter worth approximately $48,000. Abel Hall LLC purchased a new stake in Atlas Energy Solutions during the 1st quarter valued at $131,000. Headlands Technologies LLC bought a new stake in Atlas Energy Solutions in the 2nd quarter worth $278,000. Fifth Third Bancorp raised its stake in shares of Atlas Energy Solutions by 5,434.5% during the first quarter. Fifth Third Bancorp now owns 17,987 shares of the company’s stock valued at $236,000 after acquiring an additional 17,662 shares during the last quarter. Finally, Cetera Investment Advisers boosted its holdings in shares of Atlas Energy Solutions by 6.9% during 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. 34.59% of the stock is currently owned by institutional investors.

Atlas Energy Solutions Stock Up 0.7%

Shares of NYSE:AESI traded up $0.04 on Friday, hitting $5.36. 6,596,395 shares of the company traded hands, compared to its average volume of 3,690,576. The stock has a 50 day simple moving average of $11.29 and a 200-day simple moving average of $13.26. The company has a quick ratio of 1.58, a current ratio of 1.82 and a debt-to-equity ratio of 0.87. The company has a market cap of $669.62 million, a PE ratio of -4.78 and a beta of 1.29. Atlas Energy Solutions Inc. has a 52 week low of $5.12 and a 52 week high of $20.13.

Atlas Energy Solutions (NYSE:AESI) last announced its quarterly earnings data on Monday, November 2nd. The company reported ($0.36) EPS for the quarter, missing the consensus estimate of ($0.24) by ($0.12). The firm had revenue of $267.78 million for the quarter, compared to analysts’ expectations of $265.32 million. Atlas Energy Solutions had a negative net margin of 12.98% and a negative return on equity of 12.15%. The business’s revenue for the quarter was up 3.1% compared to the same quarter last year. During the same period last year, the company posted ($0.19) earnings per share. As a group, research analysts expect that Atlas Energy Solutions Inc. will post -0.95 earnings per share for the current year.

Analyst Ratings Changes

A number of brokerages recently issued reports on AESI. Zacks Research downgraded Atlas Energy Solutions from a “hold” rating to a “strong sell” rating in a report on Tuesday, October 20th. Barclays dropped their price target on Atlas Energy Solutions from $14.00 to $13.00 and set an “equal weight” rating for the company in a research note on Thursday, October 15th. Royal Bank Of Canada cut their target price on shares of Atlas Energy Solutions from $16.00 to $13.00 and set a “sector perform” rating on the stock in a research note on Wednesday. Stifel Nicolaus reduced their price target on Atlas Energy Solutions from $28.00 to $25.00 and set a “buy” rating on the stock in a research note on Thursday, August 6th. Finally, Citigroup lowered their price target on shares of Atlas Energy Solutions from $21.00 to $17.00 and set a “buy” rating for the company in a research report on Thursday, September 3rd. Six research analysts have rated the stock with a Buy rating, three have issued a Hold rating and three have given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $16.90.

Atlas Energy Solutions Profile

Atlas Energy Solutions Inc (NYSE:AESI) is an energy-services company that supplies proppant and logistics solutions to oil and natural gas producers. Its primary products include frac sand, which is used in hydraulic fracturing to help keep underground rock fractures open and improve the flow of hydrocarbons.

The company operates sand mines, processing facilities, and related infrastructure in the Permian Basin of West Texas. In addition to producing and selling proppant, Atlas provides transportation, storage, and last-mile delivery services designed to move sand from its facilities to well sites.