Adage Capital Partners GP L.L.C. Has $10.42 Million Holdings in Atlas Energy Solutions Inc. (NYSE:AESI)

Adage Capital Partners GP L.L.C. increased its holdings in shares of Atlas Energy Solutions Inc. (NYSE:AESI - Free Report) by 27.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 469,843 shares of the company's stock after purchasing an additional 99,843 shares during the period. Adage Capital Partners GP L.L.C. owned approximately 0.43% of Atlas Energy Solutions worth $10,421,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of AESI. Barclays PLC raised its holdings in shares of Atlas Energy Solutions by 574.5% in the third quarter. Barclays PLC now owns 175,082 shares of the company's stock valued at $3,817,000 after purchasing an additional 149,126 shares during the last quarter. Wilmington Savings Fund Society FSB bought a new stake in shares of Atlas Energy Solutions in the 3rd quarter valued at about $298,000. Principal Financial Group Inc. acquired a new stake in Atlas Energy Solutions in the 3rd quarter valued at about $844,000. JPMorgan Chase & Co. grew its holdings in Atlas Energy Solutions by 324.3% during the third quarter. JPMorgan Chase & Co. now owns 194,494 shares of the company's stock worth $4,240,000 after purchasing an additional 148,655 shares during the period. Finally, Harbor Capital Advisors Inc. increased its position in Atlas Energy Solutions by 9.9% during the fourth quarter. Harbor Capital Advisors Inc. now owns 33,733 shares of the company's stock worth $748,000 after buying an additional 3,044 shares during the last quarter. Institutional investors own 34.59% of the company's stock.

Insider Buying and Selling at Atlas Energy Solutions

In related news, major shareholder Stacy Hock sold 10,000 shares of the firm's stock in a transaction that occurred on Monday, February 3rd. The stock was sold at an average price of $22.50, for a total transaction of $225,000.00. Following the completion of the sale, the insider now owns 897,604 shares of the company's stock, valued at $20,196,090. This trade represents a 1.10 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, major shareholder Gregory M. Shepard purchased 32,155 shares of the company's stock in a transaction on Thursday, February 27th. The stock was acquired at an average cost of $19.04 per share, for a total transaction of $612,231.20. Following the completion of the purchase, the insider now owns 7,651,210 shares of the company's stock, valued at approximately $145,679,038.40. This trade represents a 0.42 % increase in their position. The disclosure for this purchase can be found here. Company insiders own 15.98% of the company's stock.

Atlas Energy Solutions Price Performance

Atlas Energy Solutions stock traded up $0.43 during mid-day trading on Friday, reaching $14.48. 792,336 shares of the company were exchanged, compared to its average volume of 1,268,822. The company has a fifty day simple moving average of $16.11 and a 200-day simple moving average of $19.98. The firm has a market cap of $1.76 billion, a PE ratio of 18.33 and a beta of 1.20. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.23 and a quick ratio of 1.08. Atlas Energy Solutions Inc. has a 12 month low of $12.41 and a 12 month high of $26.86.

Atlas Energy Solutions (NYSE:AESI - Get Free Report) last posted its quarterly earnings results on Monday, February 24th. The company reported $0.06 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.18 by ($0.12). Atlas Energy Solutions had a return on equity of 11.01% and a net margin of 8.78%. The firm had revenue of $271.34 million for the quarter, compared to analyst estimates of $272.94 million. As a group, equities research analysts expect that Atlas Energy Solutions Inc. will post 0.83 earnings per share for the current fiscal year.

Atlas Energy Solutions Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 28th. Investors of record on Friday, February 21st were given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 6.91%. This is a boost from Atlas Energy Solutions's previous quarterly dividend of $0.24. The ex-dividend date was Friday, February 21st. Atlas Energy Solutions's dividend payout ratio is currently 178.57%.

Analysts Set New Price Targets

A number of research firms have recently issued reports on AESI. The Goldman Sachs Group cut their price objective on Atlas Energy Solutions from $22.00 to $15.00 and set a "neutral" rating for the company in a research report on Thursday, April 10th. Raymond James downgraded Atlas Energy Solutions from a "strong-buy" rating to a "hold" rating in a report on Monday, January 6th. Piper Sandler initiated coverage on shares of Atlas Energy Solutions in a report on Wednesday, March 12th. They issued an "overweight" rating and a $22.00 price objective on the stock. Benchmark dropped their price objective on shares of Atlas Energy Solutions from $28.00 to $25.00 and set a "buy" rating on the stock in a research report on Wednesday, February 26th. Finally, Bank of America reaffirmed a "neutral" rating and set a $22.50 target price on shares of Atlas Energy Solutions in a report on Monday, January 13th. Six equities research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, Atlas Energy Solutions has an average rating of "Moderate Buy" and an average target price of $22.44.

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.