Atlas Energy Group (ATLS): Leon Cooperman Slashes Stake to Less than 10%

Leon Cooperman of Omega Advisors has slashed his stake in Atlas Energy Group LLC (NYSE:ATLS) according to a new 13G filing. Mr. Cooperman now owns 2.60 million shares, a 9.99% ownership stake in the stock. That is down from 3.94 million shares at the end of 2015. It should also be noted that Mr. Cooperman’s position has changed to passive from active; his previous filing on the company was a 13D, back in August 2015.

You can access the original SEC filing by clicking here.

Ownership Summary Table

Name Sole Voting Power Shared Voting Power Sole Dispositive Power Shared Dispositive Power Aggregate Amount Owned Power Percent of Class
LEON G. COOPERMAN 2,245,701 353,451 2,245,701 353,451 2,599,152 9.99%
Leon Cooperman
Leon Cooperman
Omega Advisors

Page 1 of 5 SEC Filing

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

SCHEDULE 13G

Under the Securities Exchange Act
of 1934

(Amendment No 1)*

ATLAS ENERGY GROUP, LLC 
 (Name of Issuer)
Common Units
(Title of Class of Securities)
04929Q102
(CUSIP Number)
March 7, 2016
(Date of Event Which Requires Filing of this Statement)

Check the appropriate box to designate
the rule pursuant to which this Schedule is filed:

[  ] Rule 13d-1(b)
[X ] Rule 13d-1(c)
[  ] Rule 13d-1(d)

* The remainder
of this cover page shall be filled out for a reporting person’s initial filing on this form with respect to the subject class
of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover
page.

The information required in the remainder
of this cover page shall not be deemed to be “filed” for the purpose of Section 18 of the Securities Exchange Act of
1934 (“Act”) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions
of the Act (however, see the Notes).

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