Atlas Energy Solutions Inc. (NYSE:AESI) Shares Sold by Victory Capital Management Inc.

Victory Capital Management Inc. trimmed its holdings in shares of Atlas Energy Solutions Inc. (NYSE:AESIFree 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.

Atlas Energy Solutions (NYSE:AESIGet Free Report) last posted its quarterly earnings data on Monday, October 30th. The company reported $0.55 earnings per share for the quarter, missing the consensus estimate of $0.63 by ($0.08). Atlas Energy Solutions had a net margin of 21.24% and a return on equity of 95.51%. The business had revenue of $157.62 million for the quarter, compared to the consensus estimate of $154.44 million. Equities analysts expect that Atlas Energy Solutions Inc. will post 1.86 earnings per share for the current year.

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.

Check Out Our Latest Analysis on AESI

About Atlas Energy Solutions

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for Atlas Energy Solutions (NYSE:AESI)

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