Atlas Energy Solutions Inc. (NYSE:AESI) Holdings Boosted by Dimensional Fund Advisors LP

Dimensional Fund Advisors LP boosted its holdings in shares of Atlas Energy Solutions Inc. (NYSE:AESI - Free Report) by 280.1% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 631,045 shares of the company's stock after acquiring an additional 465,044 shares during the quarter. Dimensional Fund Advisors LP owned about 0.57% of Atlas Energy Solutions worth $13,998,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in AESI. CBIZ Investment Advisory Services LLC boosted its holdings in Atlas Energy Solutions by 62.9% in the fourth quarter. CBIZ Investment Advisory Services LLC now owns 1,354 shares of the company's stock valued at $30,000 after purchasing an additional 523 shares during the period. Global Retirement Partners LLC lifted its holdings in Atlas Energy Solutions by 191.9% during the 4th quarter. Global Retirement Partners LLC now owns 1,941 shares of the company's stock worth $43,000 after buying an additional 1,276 shares during the last quarter. Promus Capital LLC purchased a new stake in Atlas Energy Solutions during the 4th quarter worth about $55,000. KLP Kapitalforvaltning AS purchased a new stake in Atlas Energy Solutions during the 4th quarter worth about $155,000. Finally, Mutual of America Capital Management LLC purchased a new stake in Atlas Energy Solutions during the 4th quarter worth about $204,000. Institutional investors and hedge funds own 34.59% of the company's stock.

Analysts Set New Price Targets

A number of analysts have recently commented on AESI shares. Citigroup cut their target price on Atlas Energy Solutions from $18.00 to $14.00 and set a "neutral" rating on the stock in a research report on Tuesday. Benchmark cut their target price on 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. Royal Bank of Canada dropped their price target on Atlas Energy Solutions from $21.00 to $17.00 and set an "outperform" rating on the stock in a research report on Wednesday, May 7th. Piper Sandler dropped their price target on Atlas Energy Solutions from $22.00 to $17.00 and set an "overweight" rating on the stock in a research report on Thursday, May 8th. Finally, The Goldman Sachs Group dropped their price target on 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. Six 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 company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $19.81.

Insider Activity

In other news, major shareholder Gregory M. Shepard purchased 32,155 shares of the firm's stock in a transaction that occurred 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 ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 15.98% of the company's stock.

Atlas Energy Solutions Price Performance

AESI stock traded down $0.05 on Wednesday, reaching $13.31. The company had a trading volume of 785,735 shares, compared to its average volume of 1,320,421. Atlas Energy Solutions Inc. has a 1 year low of $11.76 and a 1 year high of $26.86. The company has a debt-to-equity ratio of 0.42, a quick ratio of 1.08 and a current ratio of 1.23. The company's fifty day moving average is $15.33 and its 200 day moving average is $19.63. The company has a market cap of $1.62 billion, a P/E ratio of 16.84 and a beta of 1.34.

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). The company had revenue of $297.59 million during the quarter, compared to analysts' expectations of $291.13 million. Atlas Energy Solutions had a net margin of 8.78% and a return on equity of 11.01%. Atlas Energy Solutions's quarterly revenue was up 54.5% compared to the same quarter last year. During the same period in the previous year, the company posted $0.26 EPS. On average, research analysts forecast that Atlas Energy Solutions Inc. will post 0.83 earnings per share for the current year.

Atlas Energy Solutions Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, May 22nd. Investors of record on Thursday, May 15th will be issued a $0.25 dividend. The ex-dividend date of this dividend is Thursday, May 15th. This represents a $1.00 annualized dividend and a yield of 7.51%. Atlas Energy Solutions's dividend payout ratio is currently 322.58%.

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.