Janus Henderson Group PLC Sells 42,799 Shares of Atlas Energy Solutions Inc. (NYSE:AESI)

Janus Henderson Group PLC reduced its holdings in shares of Atlas Energy Solutions Inc. (NYSE:AESI - Free Report) by 1.7% in the 4th quarter, according to its most recent filing with the Securities & 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 approximately 2.27% of Atlas Energy Solutions worth $55,568,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in AESI. Prudential Financial Inc. bought a new position in Atlas Energy Solutions during the fourth quarter worth about $1,366,000. Louisiana State Employees Retirement System acquired a new stake in Atlas Energy Solutions during the fourth quarter worth approximately $650,000. Hodges Capital Management Inc. lifted its stake in Atlas Energy Solutions by 44.7% during the fourth 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 last quarter. Vanguard Group Inc. lifted its stake in Atlas Energy Solutions by 12.6% during the fourth quarter. Vanguard Group Inc. now owns 6,915,325 shares of the company's stock worth $153,382,000 after purchasing an additional 773,035 shares during the last quarter. Finally, Sei Investments Co. lifted its stake 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 purchasing an additional 28,639 shares during the last quarter. 34.59% of the stock is owned by institutional investors.

Atlas Energy Solutions Stock Performance

Shares of NYSE:AESI traded up $0.70 during mid-day trading on Friday, reaching $13.47. The company had a trading volume of 3,170,047 shares, compared to its average volume of 1,345,219. The company has a current ratio of 1.23, a quick ratio of 1.08 and a debt-to-equity ratio of 0.42. The firm has a market cap of $1.64 billion, a price-to-earnings ratio of 17.05 and a beta of 1.34. The company's 50-day moving average price is $15.06 and its 200-day moving average price is $19.49. Atlas Energy Solutions Inc. has a one year low of $11.76 and a one year high of $26.86.

Atlas Energy Solutions (NYSE:AESI - Get Free Report) last posted its quarterly earnings results on Monday, May 5th. The company reported $0.08 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 company had revenue of $297.59 million during the quarter, compared to the consensus estimate of $291.13 million. During the same period last year, the firm posted $0.26 EPS. The company's revenue for the quarter was up 54.5% compared to the same quarter last year. As a group, equities research analysts anticipate that Atlas Energy Solutions Inc. will post 0.83 EPS for the current fiscal year.

Atlas Energy Solutions Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, May 22nd. Stockholders of record on Thursday, May 15th will be given 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 dividend yield of 7.42%. Atlas Energy Solutions's dividend payout ratio (DPR) is currently 322.58%.

Insider Activity

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

Analysts Set New Price Targets

A number of research analysts have recently commented on AESI shares. Piper Sandler dropped their price target on Atlas Energy Solutions from $22.00 to $17.00 and set an "overweight" rating for the company in a research note on Thursday, May 8th. 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 reduced their target price on Atlas Energy Solutions from $22.00 to $15.00 and set a "neutral" rating for the company in a research note on Thursday, April 10th. Citigroup reduced their target price on Atlas Energy Solutions from $18.00 to $14.00 and set a "neutral" rating for the company in a research note on Tuesday. Finally, Benchmark cut their price target on Atlas Energy Solutions from $28.00 to $25.00 and set a "buy" rating for the company in a research note on Wednesday, February 26th. Six research analysts have rated the stock with a hold rating, five have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, Atlas Energy Solutions has an average rating of "Moderate Buy" and an average price target of $19.81.

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.