Comerica Bank Has $1.31 Million Stock Holdings in Atlas Energy Solutions Inc. (NYSE:AESI)

Comerica Bank lifted its stake in Atlas Energy Solutions Inc. (NYSE:AESI - Free Report) by 285.3% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 58,874 shares of the company's stock after purchasing an additional 43,592 shares during the quarter. Comerica Bank owned about 0.05% of Atlas Energy Solutions worth $1,306,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Prudential Financial Inc. purchased a new stake in Atlas Energy Solutions in the fourth quarter valued at about $1,366,000. Louisiana State Employees Retirement System acquired a new position in Atlas Energy Solutions in the fourth quarter valued at approximately $650,000. Hodges Capital Management Inc. raised its holdings in Atlas Energy Solutions by 44.7% in the 4th quarter. Hodges Capital Management Inc. now owns 194,000 shares of the company's stock worth $4,302,000 after purchasing an additional 59,940 shares during the period. Vanguard Group Inc. raised its holdings in shares of Atlas Energy Solutions by 12.6% during the fourth quarter. Vanguard Group Inc. now owns 6,915,325 shares of the company's stock valued at $153,382,000 after acquiring an additional 773,035 shares during the last quarter. Finally, Sei Investments Co. boosted its position in Atlas Energy Solutions by 15.5% during the fourth quarter. Sei Investments Co. now owns 213,857 shares of the company's stock worth $4,744,000 after acquiring an additional 28,639 shares during the last quarter. Hedge funds and other institutional investors own 34.59% of the company's stock.

Insider Buying and Selling at Atlas Energy Solutions

In other Atlas Energy Solutions news, major shareholder Gregory M. Shepard purchased 32,155 shares of the stock in a transaction that occurred on Thursday, February 27th. The shares were acquired at an average cost of $19.04 per share, with a total value of $612,231.20. Following the completion of the transaction, the insider now owns 7,651,210 shares in the company, valued at $145,679,038.40. The trade was a 0.42% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 15.98% of the company's stock.

Atlas Energy Solutions Trading Down 1.0%

AESI stock traded down $0.13 during midday trading on Wednesday, reaching $13.23. The stock had a trading volume of 2,217,826 shares, compared to its average volume of 1,326,017. The business has a fifty day simple moving average of $15.33 and a two-hundred day simple moving average of $19.63. The firm has a market cap of $1.61 billion, a price-to-earnings ratio of 16.75 and a beta of 1.34. Atlas Energy Solutions Inc. has a twelve month low of $11.76 and a twelve month 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.

Atlas Energy Solutions (NYSE:AESI - Get Free Report) last posted its earnings results on Monday, May 5th. The company reported $0.08 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.18 by ($0.10). Atlas Energy Solutions had a return on equity of 11.01% and a net margin of 8.78%. The business had revenue of $297.59 million for the quarter, compared to the consensus estimate of $291.13 million. During the same period in the previous year, the company posted $0.26 earnings per share. Atlas Energy Solutions's revenue for the quarter was up 54.5% compared to the same quarter last year. As a group, research analysts expect that Atlas Energy Solutions Inc. will post 0.83 EPS for the current fiscal year.

Atlas Energy Solutions Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, May 22nd. Shareholders of record on Thursday, May 15th will be given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 7.56%. The ex-dividend date is Thursday, May 15th. Atlas Energy Solutions's dividend payout ratio (DPR) is 322.58%.

Analyst Upgrades and Downgrades

AESI has been the subject of several analyst reports. Royal Bank of Canada lowered their price objective on Atlas Energy Solutions from $21.00 to $17.00 and set an "outperform" rating for the company in a research report on Wednesday, May 7th. The Goldman Sachs Group lowered their price objective on shares of Atlas Energy Solutions from $22.00 to $15.00 and set a "neutral" rating on the stock in a research report on Thursday, April 10th. Benchmark reduced their price objective on shares of Atlas Energy Solutions from $28.00 to $25.00 and set a "buy" rating for the company in a research report on Wednesday, February 26th. Citigroup lowered their target price on Atlas Energy Solutions from $18.00 to $14.00 and set a "neutral" rating on the stock in a report on Tuesday. Finally, Stephens lifted their price objective on Atlas Energy Solutions from $28.00 to $29.00 and gave the stock an "overweight" rating in a research report on Tuesday, January 28th. Six investment analysts have rated the stock with a hold rating, five have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $19.81.

Atlas Energy Solutions Company 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.