American Century Companies Inc. Purchases 207,523 Shares of Atlas Energy Solutions Inc. (NYSE:AESI)

American Century Companies Inc. raised its position in shares of Atlas Energy Solutions Inc. (NYSE:AESI - Free Report) by 299.3% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 276,865 shares of the company's stock after purchasing an additional 207,523 shares during the quarter. American Century Companies Inc. owned 0.25% of Atlas Energy Solutions worth $6,141,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. Copeland Capital Management LLC lifted its holdings in shares of Atlas Energy Solutions by 19.3% during the fourth quarter. Copeland Capital Management LLC now owns 2,247,774 shares of the company's stock valued at $49,856,000 after purchasing an additional 363,742 shares in the last quarter. State Street Corp lifted its stake 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 acquiring an additional 227,776 shares during the period. Geode Capital Management LLC boosted its holdings in shares of 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 acquiring an additional 54,321 shares during the last quarter. Bank of New York Mellon Corp grew its stake in shares of Atlas Energy Solutions by 75.5% in the fourth quarter. Bank of New York Mellon Corp now owns 835,683 shares of the company's stock worth $18,535,000 after acquiring an additional 359,420 shares during the period. Finally, Wellington Management Group LLP purchased a new position in shares of Atlas Energy Solutions during the third quarter valued at approximately $17,314,000. 34.59% of the stock is owned by hedge funds and other institutional investors.

Atlas Energy Solutions Price Performance

NYSE:AESI traded up $1.75 during trading hours on Wednesday, hitting $14.68. 2,444,145 shares of the stock traded hands, compared to its average volume of 1,201,115. The stock has a 50 day moving average price of $18.69 and a 200 day moving average price of $20.89. The company has a quick ratio of 1.08, a current ratio of 1.23 and a debt-to-equity ratio of 0.42. The company has a market cap of $1.79 billion, a price-to-earnings ratio of 18.58 and a beta of 1.20. Atlas Energy Solutions Inc. has a 1 year low of $12.45 and a 1 year high of $26.86.

Atlas Energy Solutions (NYSE:AESI - Get Free Report) last announced its quarterly earnings data on Monday, February 24th. The company reported $0.06 EPS for the quarter, missing the consensus estimate of $0.18 by ($0.12). The business had revenue of $271.34 million during the quarter, compared to analysts' expectations of $272.94 million. Atlas Energy Solutions had a net margin of 8.78% and a return on equity of 11.01%. Sell-side analysts forecast that Atlas Energy Solutions Inc. will post 0.83 EPS for the current fiscal year.

Atlas Energy Solutions Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, February 28th. Shareholders of record on Friday, February 21st were paid a $0.25 dividend. The ex-dividend date was Friday, February 21st. This represents a $1.00 annualized dividend and a yield of 6.81%. This is a boost from Atlas Energy Solutions's previous quarterly dividend of $0.24. Atlas Energy Solutions's payout ratio is presently 178.57%.

Insider Buying and Selling at Atlas Energy Solutions

In related news, major shareholder Brian Anthony Leveille sold 7,500 shares of the firm's stock in a transaction on Thursday, January 16th. The shares were sold at an average price of $24.00, for a total value of $180,000.00. Following the completion of the transaction, the insider now directly owns 397,010 shares of the company's stock, valued at approximately $9,528,240. This trade represents a 1.85 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, major shareholder Stacy Hock sold 10,000 shares of the business's stock in a transaction on Friday, January 10th. The stock was sold at an average price of $21.96, for a total transaction of $219,600.00. Following the completion of the sale, the insider now owns 907,604 shares in the company, valued at $19,930,983.84. This represents a 1.09 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 45,000 shares of company stock valued at $1,049,750 in the last 90 days. Insiders own 24.34% of the company's stock.

Analyst Ratings Changes

A number of research firms have commented on AESI. Bank of America reaffirmed a "neutral" rating and issued a $22.50 target price on shares of Atlas Energy Solutions in a research report on Monday, January 13th. Raymond James lowered Atlas Energy Solutions from a "strong-buy" rating to a "hold" rating in a report on Monday, January 6th. The Goldman Sachs Group initiated coverage on Atlas Energy Solutions in a report on Friday, December 13th. They issued a "neutral" rating and a $23.00 target price on the stock. Royal Bank of Canada restated an "outperform" rating and set a $25.00 price target on shares of Atlas Energy Solutions in a research note on Wednesday, April 2nd. Finally, Stephens increased their price objective on shares of Atlas Energy Solutions from $28.00 to $29.00 and gave the stock an "overweight" rating in a research note on Tuesday, January 28th. Six investment analysts have rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, Atlas Energy Solutions has a consensus rating of "Moderate Buy" and an average price target of $23.83.

Atlas Energy Solutions 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.