Villere ST Denis J & Co. LLC Cuts Holdings in Atlas Energy Solutions Inc. (NYSE:AESI)

Villere ST Denis J & Co. LLC lowered its stake in Atlas Energy Solutions Inc. (NYSE:AESI) by 2.5% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,739,723 shares of the company’s stock after selling 43,929 shares during the period. Atlas Energy Solutions accounts for approximately 3.5% of Villere ST Denis J & Co. LLC’s holdings, making the stock its 5th biggest holding. Villere ST Denis J & Co. LLC owned 1.58% of Atlas Energy Solutions worth $38,587,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in AESI. SG Americas Securities LLC bought a new stake in shares of Atlas Energy Solutions during the 3rd quarter valued at $249,000. CWM LLC boosted its holdings in shares of Atlas Energy Solutions by 47.1% during the 3rd quarter. CWM LLC now owns 2,766 shares of the company’s stock valued at $60,000 after buying an additional 886 shares in the last quarter. Vest Financial LLC boosted its holdings in shares of Atlas Energy Solutions by 14.8% during the 3rd quarter. Vest Financial LLC now owns 65,578 shares of the company’s stock valued at $1,430,000 after buying an additional 8,436 shares in the last quarter. Copeland Capital Management LLC boosted its holdings in shares of Atlas Energy Solutions by 19.8% during the 3rd quarter. Copeland Capital Management LLC now owns 1,884,032 shares of the company’s stock valued at $41,072,000 after buying an additional 311,228 shares in the last quarter. Finally, Tectonic Advisors LLC boosted its holdings in shares of Atlas Energy Solutions by 7.5% during the 3rd quarter. Tectonic Advisors LLC now owns 59,725 shares of the company’s stock valued at $1,302,000 after buying an additional 4,187 shares in the last quarter. Institutional investors own 34.59% of the company’s stock.

Insiders Place Their Bets

In other news, major shareholder Stacy Hock sold 8,571 shares of the company’s stock in a transaction dated 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 owns 917,604 shares of the company’s stock, valued at $20,691,970.20. This represents a 0.93 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, major shareholder Brian Anthony Leveille sold 10,000 shares of the company’s stock in a transaction dated Monday, November 18th. The shares were sold at an average price of $20.70, for a total transaction of $207,000.00. Following the sale, the insider now directly owns 482,010 shares of the company’s stock, valued at $9,977,607. The trade was a 2.03 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 126,071 shares of company stock valued at $2,915,851. 24.34% of the stock is owned by insiders.

Wall Street Analyst Weigh In

AESI has been the topic of a number of research reports. Raymond James cut shares of Atlas Energy Solutions from a “strong-buy” rating to a “hold” rating in a report on Monday, January 6th. Benchmark upped their price target on shares of Atlas Energy Solutions from $23.00 to $28.00 and gave the stock a “buy” rating in a research note on Wednesday, January 29th. Barclays upped their price target on shares of Atlas Energy Solutions from $19.00 to $23.00 and gave the stock an “equal weight” rating in a research note on Thursday, January 30th. Pickering Energy Partners cut shares of Atlas Energy Solutions from an “outperform” rating to a “neutral” rating in a research note on Wednesday, October 30th. Finally, Citigroup cut shares of Atlas Energy Solutions from a “buy” rating to a “neutral” rating and dropped their price target for the stock from $23.00 to $22.00 in a research note on Thursday, November 14th. Six equities research 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 stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $25.50.

Atlas Energy Solutions Price Performance

Shares of NYSE:AESI opened at $21.85 on Friday. Atlas Energy Solutions Inc. has a fifty-two week low of $17.39 and a fifty-two week high of $26.86. The business has a 50-day simple moving average of $22.68 and a two-hundred day simple moving average of $21.59. The company has a debt-to-equity ratio of 0.42, a quick ratio of 1.08 and a current ratio of 1.23. The firm has a market cap of $2.41 billion, a price-to-earnings ratio of 27.65, a price-to-earnings-growth ratio of 6.39 and a beta of 1.03.

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.