Alpine Woods Capital Investors LLC Raises Position in Atlas Energy Solutions Inc. (NYSE:AESI)

Alpine Woods Capital Investors LLC raised 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 disclosure with the Securities & Exchange Commission. The firm owned 228,082 shares of the company's stock after buying an additional 212,469 shares during the period. Alpine Woods Capital Investors LLC owned about 0.19% of Atlas Energy Solutions worth $4,069,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Vanguard Group Inc. boosted its holdings in Atlas Energy Solutions by 12.6% in the fourth quarter. Vanguard Group Inc. now owns 6,915,325 shares of the company's stock valued at $153,382,000 after purchasing an additional 773,035 shares during the period. First Trust Advisors LP boosted its holdings in Atlas Energy Solutions by 31.5% in the fourth quarter. First Trust Advisors LP now owns 3,908,810 shares of the company's stock valued at $86,697,000 after purchasing an additional 935,410 shares during the period. Price T Rowe Associates Inc. MD boosted its holdings in Atlas Energy Solutions by 25.5% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 3,390,269 shares of the company's stock valued at $75,197,000 after purchasing an additional 689,846 shares during the period. Copeland Capital Management LLC raised its stake in Atlas Energy Solutions by 42.5% in the first quarter. Copeland Capital Management LLC now owns 3,203,592 shares of the company's stock valued at $57,152,000 after buying an additional 955,818 shares in the last quarter. Finally, Villere ST Denis J & Co. LLC raised its stake in Atlas Energy Solutions by 0.4% in the first quarter. Villere ST Denis J & Co. LLC now owns 1,746,627 shares of the company's stock valued at $31,160,000 after buying an additional 6,904 shares in the last quarter. 34.59% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on AESI shares. Stifel Nicolaus started coverage on Atlas Energy Solutions in a research note on Wednesday, May 21st. They issued a "buy" rating and a $15.00 price target on the stock. Royal Bank Of Canada cut their target price 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. The Goldman Sachs Group cut their target price 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. 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, Citigroup dropped their price target on Atlas Energy Solutions from $18.00 to $14.00 and set a "neutral" rating on the stock in a research report on Tuesday, May 13th. Six equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat, Atlas Energy Solutions presently has an average rating of "Hold" and an average price target of $19.28.

Atlas Energy Solutions Price Performance

Shares of NYSE:AESI traded up $0.14 during trading on Friday, hitting $14.40. 877,522 shares of the stock were exchanged, compared to its average volume of 1,398,057. The company has a fifty day moving average price of $13.43 and a two-hundred day moving average price of $17.15. The company has a market cap of $1.78 billion, a PE ratio of 46.45 and a beta of 1.20. The company has a current ratio of 1.62, a quick ratio of 1.40 and a debt-to-equity ratio of 0.38. Atlas Energy Solutions Inc. has a 12-month low of $11.76 and a 12-month high of $26.86.

Atlas Energy Solutions (NYSE:AESI - Get Free Report) last announced its quarterly earnings results on Monday, May 5th. The company reported $0.08 EPS for the quarter, missing the consensus estimate of $0.18 by ($0.10). The firm 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 4.99% and a net margin of 2.96%. Atlas Energy Solutions's revenue was up 54.5% compared to the same quarter last year. During the same period last year, the firm earned $0.26 EPS. On average, analysts forecast that Atlas Energy Solutions Inc. will post 0.83 EPS for the current year.

Atlas Energy Solutions Announces Dividend

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

Insider Activity at Atlas Energy Solutions

In related news, Director Douglas G. Rogers bought 7,000 shares of the 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 acquisition, the director owned 10,000 shares in the company, valued at $132,700. This represents a 233.33% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Chairman Ben M. Brigham bought 9,635 shares of the stock in a transaction on Wednesday, May 14th. The shares were bought at an average price of $13.38 per share, for a total transaction of $128,916.30. Following the acquisition, the chairman owned 572,397 shares in the company, valued at $7,658,671.86. The trade was a 1.71% increase in their position. The disclosure for this purchase can be found here. 15.98% of the stock is owned by insiders.

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.