Miller Howard Investments Inc. NY Cuts Holdings in Atlas Energy Solutions Inc. (NYSE:AESI)

Miller Howard Investments Inc. NY lowered its holdings in Atlas Energy Solutions Inc. (NYSE:AESI) by 77.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 35,693 shares of the company’s stock after selling 124,853 shares during the quarter. Miller Howard Investments Inc. NY’s holdings in Atlas Energy Solutions were worth $792,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Copeland Capital Management LLC increased its holdings in 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 worth $49,856,000 after buying an additional 363,742 shares in the last quarter. State Street Corp boosted 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 valued at $38,173,000 after acquiring an additional 227,776 shares during the last quarter. Geode Capital Management LLC grew its stake in shares of Atlas Energy Solutions by 3.9% in the third quarter. Geode Capital Management LLC now owns 1,448,340 shares of the company’s stock worth $31,579,000 after acquiring an additional 54,321 shares during the period. Wellington Management Group LLP purchased a new position in shares of Atlas Energy Solutions during the third quarter valued at approximately $17,314,000. Finally, Ashford Capital Management Inc. lifted its position in Atlas Energy Solutions by 27.9% during the third quarter. Ashford Capital Management Inc. now owns 586,000 shares of the company’s stock valued at $12,775,000 after purchasing an additional 127,910 shares during the period. 34.59% of the stock is owned by institutional investors.

Insider Buying and Selling at Atlas Energy Solutions

In related news, major shareholder Brian Anthony Leveille sold 10,000 shares of Atlas Energy Solutions stock in a transaction that occurred on Thursday, November 21st. The stock was sold at an average price of $21.50, for a total transaction of $215,000.00. Following the sale, the insider now owns 472,010 shares of the company’s stock, valued at approximately $10,148,215. This trade represents a 2.07 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, major shareholder Stacy Hock sold 8,571 shares of the company’s stock in a transaction that occurred on Wednesday, November 13th. The stock was sold at an average price of $21.12, for a total value of $181,019.52. Following the completion of the transaction, the insider now owns 926,175 shares of the company’s stock, valued at $19,560,816. The trade was a 0.92 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 134,642 shares of company stock valued at $3,096,871 over the last 90 days. 24.34% of the stock is currently owned by corporate insiders.

Atlas Energy Solutions Trading Down 3.1 %

Shares of NYSE:AESI opened at $21.03 on Monday. The stock has a 50 day moving average of $22.86 and a 200 day moving average of $21.58. The company has a market cap of $2.32 billion, a PE ratio of 26.63, a price-to-earnings-growth ratio of 6.39 and a beta of 1.03. Atlas Energy Solutions Inc. has a 12-month low of $17.08 and a 12-month high of $26.86. The company has a current ratio of 1.23, a quick ratio of 1.08 and a debt-to-equity ratio of 0.42.

Analyst Ratings Changes

AESI has been the subject of a number of research analyst reports. Stephens lifted their target price on shares of Atlas Energy Solutions from $28.00 to $29.00 and gave the stock an “overweight” rating in a research report on Tuesday, January 28th. Barclays lifted their price objective on Atlas Energy Solutions from $19.00 to $23.00 and gave the stock an “equal weight” rating in a report on Thursday, January 30th. Raymond James downgraded Atlas Energy Solutions from a “strong-buy” rating to a “hold” rating in a report on Monday, January 6th. The Goldman Sachs Group began coverage on Atlas Energy Solutions in a research note on Friday, December 13th. They set a “neutral” rating and a $23.00 price target for the company. Finally, Bank of America reaffirmed a “neutral” rating and set a $22.50 price target on shares of Atlas Energy Solutions in a research report on Monday, January 13th. Six investment analysts have rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, Atlas Energy Solutions currently has a consensus rating of “Moderate Buy” and an average target price of $25.50.

Atlas Energy Solutions Company 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.