Villere ST Denis J & Co. LLC Has $38.59 Million Stock Holdings in Atlas Energy Solutions Inc. (NYSE:AESI)

Villere ST Denis J & Co. LLC cut its stake in shares of Atlas Energy Solutions Inc. (NYSE:AESI) by 2.5% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 1,739,723 shares of the company’s stock after selling 43,929 shares during the quarter. Atlas Energy Solutions makes up approximately 3.5% of Villere ST Denis J & Co. LLC’s holdings, making the stock its 5th biggest position. Villere ST Denis J & Co. LLC’s holdings in Atlas Energy Solutions were worth $38,587,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in AESI. Copeland Capital Management LLC grew its holdings in Atlas Energy Solutions by 19.3% during the 4th quarter. Copeland Capital Management LLC now owns 2,247,774 shares of the company’s stock valued at $49,856,000 after buying an additional 363,742 shares in the last quarter. State Street Corp grew its holdings in 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 buying an additional 227,776 shares in the last quarter. Geode Capital Management LLC grew its holdings in Atlas Energy Solutions by 3.9% during the 3rd quarter. Geode Capital Management LLC now owns 1,448,340 shares of the company’s stock valued at $31,579,000 after buying an additional 54,321 shares in the last quarter. Wellington Management Group LLP purchased a new stake in Atlas Energy Solutions during the 3rd quarter valued at approximately $17,314,000. Finally, Ashford Capital Management Inc. grew its holdings in Atlas Energy Solutions by 27.9% during the 3rd quarter. Ashford Capital Management Inc. now owns 586,000 shares of the company’s stock valued at $12,775,000 after buying an additional 127,910 shares in the last quarter. 34.59% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, major shareholder Brian Anthony Leveille sold 10,000 shares of the firm’s stock in a transaction on Thursday, November 21st. The stock was sold at an average price of $21.50, for a total value of $215,000.00. Following the completion of the sale, the insider now directly owns 472,010 shares in the company, valued at $10,148,215. This trade represents a 2.07 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, major shareholder Stacy Hock sold 8,571 shares of the firm’s stock in a transaction on Wednesday, December 18th. The stock was sold at an average price of $22.55, for a total value of $193,276.05. Following the completion of the sale, the insider now owns 917,604 shares of the company’s stock, valued at approximately $20,691,970.20. This represents a 0.93 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 126,071 shares of company stock worth $2,915,851 over the last three months. 24.34% of the stock is owned by insiders.

Analyst Ratings Changes

A number of brokerages have issued reports on AESI. Benchmark increased their price objective on shares of Atlas Energy Solutions from $23.00 to $28.00 and gave the company a “buy” rating in a report on Wednesday, January 29th. Stephens increased their price objective on shares of Atlas Energy Solutions from $28.00 to $29.00 and gave the company an “overweight” rating in a report on Tuesday, January 28th. Barclays raised their target price on shares of Atlas Energy Solutions from $19.00 to $23.00 and gave the company an “equal weight” rating in a report on Thursday, January 30th. Pickering Energy Partners lowered shares of Atlas Energy Solutions from an “outperform” rating to a “neutral” rating in a report on Wednesday, October 30th. Finally, Royal Bank of Canada raised their target price on shares of Atlas Energy Solutions from $27.00 to $28.00 and gave the company an “outperform” rating in a report on Tuesday, January 28th. Six research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $25.50.

Atlas Energy Solutions Stock Up 3.7 %

Shares of AESI opened at $21.85 on Friday. The company has a market cap of $2.41 billion, a PE ratio of 27.65, a P/E/G ratio of 6.39 and a beta of 1.03. The business has a fifty day moving average of $22.68 and a 200 day moving average of $21.59. Atlas Energy Solutions Inc. has a 52-week low of $17.39 and a 52-week high of $26.86. The company has a quick ratio of 1.08, a current ratio of 1.23 and a debt-to-equity ratio of 0.42.

About Atlas Energy Solutions

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.