Victory Capital Management Inc. trimmed its holdings in shares of Atlas Energy Solutions Inc. (NYSE:AESI – Free Report) by 4.8% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 1,234,525 shares of the company’s stock after selling 61,932 shares during the period. Victory Capital Management Inc.’s holdings in Atlas Energy Solutions were worth $27,443,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds also recently modified their holdings of AESI. Barclays PLC acquired a new stake in shares of Atlas Energy Solutions during the first quarter worth $208,000. Tower Research Capital LLC TRC bought a new position in shares of Atlas Energy Solutions during the first quarter worth about $68,000. Citigroup Inc. bought a new position in shares of Atlas Energy Solutions during the first quarter worth about $123,000. Sei Investments Co. bought a new position in shares of Atlas Energy Solutions during the first quarter worth about $674,000. Finally, HRT Financial LP bought a new position in shares of Atlas Energy Solutions during the first quarter worth about $937,000. 17.86% of the stock is owned by institutional investors and hedge funds.
Atlas Energy Solutions Trading Down 2.0 %
NYSE:AESI opened at $17.37 on Thursday. Atlas Energy Solutions Inc. has a twelve month low of $15.06 and a twelve month high of $24.69. The company has a debt-to-equity ratio of 1.32, a quick ratio of 3.81 and a current ratio of 3.99. The company has a 50-day moving average of $16.99 and a 200-day moving average of $19.30.
Analyst Upgrades and Downgrades
Separately, Raymond James lowered their price target on shares of Atlas Energy Solutions from $27.00 to $26.00 and set a “strong-buy” rating for the company in a research report on Wednesday, November 1st. Nine equities research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Buy” and an average target price of $24.90.
About Atlas Energy Solutions
Atlas Energy Solutions Inc provides proppant and logistics services to the oil and natural gas industry within the Permian Basin of West Texas and New Mexico. The company was founded in 2017 and is based in Austin, Texas.
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