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

Alpine Woods Capital Investors LLC boosted its holdings in Atlas Energy Solutions Inc. (NYSE:AESI - Free Report) by 1,360.8% during the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 228,082 shares of the company's stock after purchasing an additional 212,469 shares during the quarter. Alpine Woods Capital Investors LLC owned about 0.19% of Atlas Energy Solutions worth $4,069,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of AESI. Wealth Enhancement Advisory Services LLC purchased a new stake in shares of Atlas Energy Solutions during the first quarter valued at approximately $912,000. DAVENPORT & Co LLC grew its holdings in shares of Atlas Energy Solutions by 65.5% during the first quarter. DAVENPORT & Co LLC now owns 75,800 shares of the company's stock valued at $1,352,000 after buying an additional 30,000 shares during the last quarter. New York State Teachers Retirement System grew its holdings in shares of 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 valued at $253,000 after buying an additional 1,200 shares during the last quarter. Fifth Third Bancorp grew its holdings in shares of Atlas Energy Solutions by 1,240.1% during the first quarter. Fifth Third Bancorp now owns 1,970 shares of the company's stock valued at $35,000 after buying an additional 1,823 shares during the last quarter. Finally, Prudential Financial Inc. purchased a new stake in shares of Atlas Energy Solutions during the fourth quarter valued at approximately $1,366,000. Hedge funds and other institutional investors own 34.59% of the company's stock.

Analyst Ratings Changes

A number of research firms have recently commented on AESI. Stifel Nicolaus started coverage on shares of Atlas Energy Solutions in a report on Wednesday, May 21st. They set a "buy" rating and a $15.00 price target on the stock. Citigroup lowered their price objective on shares of 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. Piper Sandler lowered their price objective on shares of 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. Royal Bank Of Canada decreased their price target on shares of 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. Finally, The Goldman Sachs Group decreased their price target on shares of 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 and five have given a buy rating to the company. Based on data from MarketBeat.com, Atlas Energy Solutions presently has a consensus rating of "Hold" and a consensus price target of $19.28.

Insider Buying and Selling at Atlas Energy Solutions

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

Atlas Energy Solutions Stock Performance

NYSE:AESI traded up $0.14 during trading hours on Friday, hitting $14.40. 877,522 shares of the company were exchanged, compared to its average volume of 1,394,487. The stock has a market capitalization of $1.78 billion, a price-to-earnings ratio of 46.45 and a beta of 1.20. 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 0.38, a current ratio of 1.62 and a quick ratio of 1.40. The company's 50 day moving average price is $13.43 and its 200-day moving average price is $17.18.

Atlas Energy Solutions (NYSE:AESI - Get Free Report) last released its earnings results on Monday, May 5th. The company reported $0.08 earnings per share for the quarter, missing the consensus estimate of $0.18 by ($0.10). The company 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%. The firm's revenue for the quarter was up 54.5% on a year-over-year basis. During the same period in the prior year, the firm posted $0.26 EPS. As a group, 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 firm also recently disclosed a quarterly dividend, which was paid on Thursday, May 22nd. Stockholders of record on Thursday, May 15th were paid a $0.25 dividend. The ex-dividend date was Thursday, May 15th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 6.94%. Atlas Energy Solutions's payout ratio is currently 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.