Atlas Energy Solutions Inc. (NYSE:AESI) Shares Acquired by B & T Capital Management DBA Alpha Capital Management

B & T Capital Management DBA Alpha Capital Management grew its position in Atlas Energy Solutions Inc. (NYSE:AESI - Free Report) by 10.2% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 387,534 shares of the company's stock after purchasing an additional 35,969 shares during the period. Atlas Energy Solutions makes up 1.3% of B & T Capital Management DBA Alpha Capital Management's holdings, making the stock its 23rd largest position. B & T Capital Management DBA Alpha Capital Management owned approximately 0.32% of Atlas Energy Solutions worth $6,914,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of the company. Copeland Capital Management LLC grew its holdings in Atlas Energy Solutions by 42.5% during the first quarter. Copeland Capital Management LLC now owns 3,203,592 shares of the company's stock worth $57,152,000 after acquiring an additional 955,818 shares during the period. First Trust Advisors LP grew its holdings in Atlas Energy Solutions by 31.5% during the fourth quarter. First Trust Advisors LP now owns 3,908,810 shares of the company's stock worth $86,697,000 after acquiring an additional 935,410 shares during the period. Frontier Capital Management Co. LLC acquired a new stake in Atlas Energy Solutions during the fourth quarter worth about $17,770,000. Vanguard Group Inc. grew its holdings in Atlas Energy Solutions by 12.6% during the fourth quarter. Vanguard Group Inc. now owns 6,915,325 shares of the company's stock worth $153,382,000 after acquiring an additional 773,035 shares during the period. Finally, Price T Rowe Associates Inc. MD grew its holdings in Atlas Energy Solutions by 25.5% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 3,390,269 shares of the company's stock worth $75,197,000 after acquiring an additional 689,846 shares during the period. 34.59% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Atlas Energy Solutions

In related news, Chairman Ben M. Brigham purchased 9,635 shares of the business's stock in a transaction that occurred on Wednesday, May 14th. The stock was purchased at an average price of $13.38 per share, with a total value of $128,916.30. Following the completion of the acquisition, the chairman owned 572,397 shares in the company, valued at $7,658,671.86. This trade represents a 1.71% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Douglas G. Rogers purchased 7,000 shares of the business's stock in a transaction that occurred on Wednesday, May 14th. The stock was bought at an average cost of $13.27 per share, with a total value of $92,890.00. Following the acquisition, the director owned 10,000 shares of the company's stock, valued at approximately $132,700. The trade was a 233.33% increase in their position. 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 opened at $14.40 on Friday. The company has a market cap of $1.78 billion, a PE ratio of 46.45 and a beta of 1.20. The stock's 50 day simple moving average is $13.43 and its 200-day simple moving average is $17.18. 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 0.38, a current ratio of 1.62 and a quick ratio of 1.40.

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 firm 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 2.96% and a return on equity of 4.99%. The business's revenue was up 54.5% compared to the same quarter last year. During the same quarter last year, the business earned $0.26 EPS. As a group, equities research analysts anticipate that Atlas Energy Solutions Inc. will post 0.83 EPS for the current fiscal year.

Atlas Energy Solutions Dividend Announcement

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

Analyst Upgrades and Downgrades

AESI has been the topic of several analyst reports. Piper Sandler dropped their target price on Atlas Energy Solutions from $22.00 to $17.00 and set an "overweight" rating on the stock in a report on Thursday, May 8th. Citigroup lowered 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. 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 research report on Thursday, April 10th. Royal Bank Of Canada lowered 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. Finally, Stifel Nicolaus started coverage on Atlas Energy Solutions in a research report on Wednesday, May 21st. They set a "buy" rating and a $15.00 price target on the stock. Six analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus price target of $19.28.

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.

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