Janus Henderson Group PLC Trims Stake in Atlas Energy Solutions Inc. (NYSE:AESI)

Janus Henderson Group PLC cut its position in Atlas Energy Solutions Inc. (NYSE:AESI - Free Report) by 1.7% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,505,303 shares of the company's stock after selling 42,799 shares during the quarter. Janus Henderson Group PLC owned about 2.27% of Atlas Energy Solutions worth $55,568,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in AESI. Barclays PLC increased its position in Atlas Energy Solutions by 574.5% during the third quarter. Barclays PLC now owns 175,082 shares of the company's stock worth $3,817,000 after acquiring an additional 149,126 shares during the period. JPMorgan Chase & Co. grew its position in shares of Atlas Energy Solutions by 324.3% during the 3rd 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 in the last quarter. Harbor Capital Advisors Inc. raised its position in shares of Atlas Energy Solutions by 9.9% in the fourth quarter. Harbor Capital Advisors Inc. now owns 33,733 shares of the company's stock valued at $748,000 after buying an additional 3,044 shares in the last quarter. B & T Capital Management DBA Alpha Capital Management boosted its stake in shares of Atlas Energy Solutions by 0.8% in the fourth quarter. B & T Capital Management DBA Alpha Capital Management now owns 351,565 shares of the company's stock valued at $7,798,000 after buying an additional 2,834 shares during the period. Finally, DAVENPORT & Co LLC grew its position in Atlas Energy Solutions by 29.0% during the fourth quarter. DAVENPORT & Co LLC now owns 45,800 shares of the company's stock worth $1,016,000 after buying an additional 10,300 shares in the last quarter. 34.59% of the stock is currently owned by institutional investors and hedge funds.

Atlas Energy Solutions Stock Down 1.4%

Atlas Energy Solutions stock traded down $0.18 during midday trading on Monday, hitting $13.30. 337,168 shares of the stock were exchanged, compared to its average volume of 1,344,286. Atlas Energy Solutions Inc. has a 52-week low of $11.76 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. The business's 50-day moving average price is $15.06 and its 200-day moving average price is $19.49. The stock has a market capitalization of $1.62 billion, a price-to-earnings ratio of 16.80 and a beta of 1.34.

Atlas Energy Solutions (NYSE:AESI - Get Free Report) last released its earnings results on Monday, May 5th. The company reported $0.08 earnings per share for the quarter, missing analysts' consensus estimates of $0.18 by ($0.10). Atlas Energy Solutions had a net margin of 8.78% and a return on equity of 11.01%. The company had revenue of $297.59 million for the quarter, compared to the consensus estimate of $291.13 million. During the same period in the prior year, the company earned $0.26 earnings per share. The firm's revenue was up 54.5% on a year-over-year basis. On average, 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 disclosed a quarterly dividend, which will be paid on Thursday, May 22nd. Investors of record on Thursday, May 15th will be issued a dividend of $0.25 per share. The ex-dividend date of this dividend is Thursday, May 15th. This represents a $1.00 dividend on an annualized basis and a yield of 7.52%. Atlas Energy Solutions's dividend payout ratio (DPR) is 322.58%.

Insiders Place Their Bets

In related news, Director Douglas G. Rogers acquired 7,000 shares of the firm's stock in a transaction that occurred on Wednesday, May 14th. The shares were bought at an average cost of $13.27 per share, for a total transaction of $92,890.00. Following the completion of the transaction, the director now owns 10,000 shares in the company, valued at approximately $132,700. This trade represents a 233.33% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Chairman Ben M. Brigham acquired 9,635 shares of the business's stock in a transaction dated Wednesday, May 14th. The stock was purchased at an average price of $13.38 per share, with a total value of $128,916.30. Following the completion of the acquisition, the chairman now directly owns 572,397 shares in the company, valued at approximately $7,658,671.86. This represents a 1.71% increase in their position. The disclosure for this purchase can be found here. Insiders purchased a total of 48,790 shares of company stock worth $834,038 in the last quarter. 15.98% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on the stock. Royal Bank of Canada reduced their price objective on shares of Atlas Energy Solutions from $21.00 to $17.00 and set an "outperform" rating on the stock in a research note on Wednesday, May 7th. Benchmark reduced their price target 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. Stephens boosted their price objective on shares of Atlas Energy Solutions from $28.00 to $29.00 and gave the company an "overweight" rating in a research report on Tuesday, January 28th. Barclays cut their target price on Atlas Energy Solutions from $23.00 to $19.00 and set an "equal weight" rating for the company in a research note on Monday, March 3rd. Finally, Piper Sandler reduced their target price on Atlas Energy Solutions from $22.00 to $17.00 and set an "overweight" rating on the stock in a report on Thursday, May 8th. Six analysts have rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $19.81.

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.