Alpine Woods Capital Investors LLC Has $4.07 Million Holdings in Atlas Energy Solutions Inc. (NYSE:AESI)

Alpine Woods Capital Investors LLC grew its position in shares of Atlas Energy Solutions Inc. (NYSE:AESI - Free Report) by 1,360.8% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 228,082 shares of the company's stock after buying an additional 212,469 shares during the quarter. Alpine Woods Capital Investors LLC owned approximately 0.19% of Atlas Energy Solutions worth $4,069,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also made changes to their positions in the company. CBIZ Investment Advisory Services LLC raised its position in Atlas Energy Solutions by 62.9% during the fourth quarter. CBIZ Investment Advisory Services LLC now owns 1,354 shares of the company's stock valued at $30,000 after acquiring an additional 523 shares in the last quarter. Tower Research Capital LLC TRC lifted its stake in shares of Atlas Energy Solutions by 307.9% in the 4th 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. Quarry LP bought a new stake in Atlas Energy Solutions in the fourth quarter worth $27,000. New York State Teachers Retirement System increased its position in Atlas Energy Solutions by 9.3% during the first quarter. New York State Teachers Retirement System now owns 14,161 shares of the company's stock worth $253,000 after buying an additional 1,200 shares during the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in Atlas Energy Solutions by 3.6% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 38,630 shares of the company's stock valued at $857,000 after buying an additional 1,354 shares in the last quarter. 34.59% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

AESI has been the subject of several recent analyst reports. Citigroup decreased their price target 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. Piper Sandler reduced their target price 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. The Goldman Sachs Group lowered their price target on Atlas Energy Solutions from $22.00 to $15.00 and set a "neutral" rating on the stock in a report on Thursday, April 10th. Stifel Nicolaus began coverage on shares of Atlas Energy Solutions in a research report on Wednesday, May 21st. They issued a "buy" rating and a $15.00 price target on the stock. Finally, 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 for the company in a research note on Wednesday, May 7th. Six investment analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Hold" and a consensus price target of $19.28.

Insider Buying and Selling

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

Atlas Energy Solutions Stock Performance

Shares of AESI traded up $0.14 during mid-day trading on Friday, hitting $14.40. The company's stock had a trading volume of 877,522 shares, compared to its average volume of 1,398,057. The firm has a market capitalization of $1.78 billion, a PE ratio of 46.45 and a beta of 1.20. Atlas Energy Solutions Inc. has a one year low of $11.76 and a one year high of $26.86. The stock's 50-day moving average is $13.43 and its two-hundred day moving average is $17.11. The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.40 and a current ratio of 1.62.

Atlas Energy Solutions (NYSE:AESI - Get Free Report) last posted its quarterly earnings data on Monday, May 5th. The company reported $0.08 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.18 by ($0.10). Atlas Energy Solutions had a return on equity of 4.99% and a net margin of 2.96%. The company had revenue of $297.59 million for the quarter, compared to the consensus estimate of $291.13 million. During the same quarter in the previous year, the firm posted $0.26 EPS. The business's revenue for the quarter was up 54.5% compared to the same quarter last year. As a group, sell-side analysts anticipate that Atlas Energy Solutions Inc. will post 0.83 EPS for the current year.

Atlas Energy Solutions Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, May 22nd. Shareholders of record on Thursday, May 15th were issued a $0.25 dividend. The ex-dividend date was Thursday, May 15th. This represents a $1.00 annualized dividend and a yield of 6.94%. Atlas Energy Solutions's dividend payout ratio (DPR) is 322.58%.

Atlas Energy Solutions Company 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.