Ameriprise Financial Inc. Acquires Shares of 138,207 Atlas Energy Solutions Inc. (NYSE:AESI)

Ameriprise Financial Inc. purchased a new position in shares of Atlas Energy Solutions Inc. (NYSE:AESI - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 138,207 shares of the company's stock, valued at approximately $3,065,000. Ameriprise Financial Inc. owned approximately 0.13% of Atlas Energy Solutions at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Quarry LP acquired a new stake in shares of Atlas Energy Solutions in the fourth quarter valued at approximately $27,000. CBIZ Investment Advisory Services LLC increased its holdings in shares of 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 last quarter. Tower Research Capital LLC TRC increased its holdings in shares of Atlas Energy Solutions by 307.9% in the fourth quarter. Tower Research Capital LLC TRC now owns 1,387 shares of the company's stock valued at $31,000 after purchasing an additional 1,047 shares during the last quarter. Global Retirement Partners LLC increased its holdings in shares of Atlas Energy Solutions by 191.9% in the fourth quarter. Global Retirement Partners LLC now owns 1,941 shares of the company's stock valued at $43,000 after purchasing an additional 1,276 shares during the last quarter. Finally, Promus Capital LLC acquired a new stake in shares of Atlas Energy Solutions in the fourth quarter valued at approximately $55,000. Hedge funds and other institutional investors own 34.59% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on the company. Piper Sandler cut their price target on Atlas Energy Solutions from $22.00 to $17.00 and set an "overweight" rating for the company in a report on Thursday, May 8th. Citigroup cut 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, May 13th. 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. Stifel Nicolaus started coverage on Atlas Energy Solutions in a research note on Wednesday, May 21st. They set a "buy" rating and a $15.00 target price for the company. Finally, Royal Bank of Canada cut their target price on Atlas Energy Solutions from $21.00 to $17.00 and set an "outperform" rating for the company in a research note on Wednesday, May 7th. Six equities research analysts have rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $19.28.

Insider Transactions at Atlas Energy Solutions

In other news, Director Douglas G. Rogers bought 7,000 shares of the business's stock in a transaction dated Wednesday, May 14th. The shares were acquired at an average price 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 of the company's stock, valued at approximately $132,700. This trade represents a 233.33% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Chairman Ben M. Brigham bought 9,635 shares of the business's stock in a transaction dated Wednesday, May 14th. The shares were purchased at an average price of $13.38 per share, for a total transaction of $128,916.30. Following the transaction, the chairman now directly owns 572,397 shares of the company's stock, 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 own 15.98% of the company's stock.

Atlas Energy Solutions Trading Down 2.1%

Shares of AESI traded down $0.26 during midday trading on Friday, hitting $12.17. 1,408,419 shares of the stock were exchanged, compared to its average volume of 1,370,179. The firm has a market cap of $1.50 billion, a P/E ratio of 15.41 and a beta of 1.34. The stock has a fifty day simple moving average of $13.98 and a 200 day simple moving average of $18.92. Atlas Energy Solutions Inc. has a 52-week low of $11.76 and a 52-week 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.

Atlas Energy Solutions (NYSE:AESI - Get Free Report) last announced its quarterly 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 business had revenue of $297.59 million for the quarter, compared to analysts' expectations of $291.13 million. Atlas Energy Solutions had a return on equity of 11.01% and a net margin of 8.78%. The firm's quarterly revenue was up 54.5% on a year-over-year basis. During the same period last year, the firm earned $0.26 earnings per share. On average, research analysts anticipate that Atlas Energy Solutions Inc. will post 0.83 EPS for the current fiscal year.

Atlas Energy Solutions Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, May 22nd. Shareholders of record on Thursday, May 15th were issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 8.22%. The ex-dividend date was Thursday, May 15th. Atlas Energy Solutions's dividend payout ratio (DPR) is 322.58%.

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.