Wellington Management Group LLP Grows Holdings in Atlas Energy Solutions Inc. (NYSE:AESI)

Wellington Management Group LLP boosted its holdings in Atlas Energy Solutions Inc. (NYSE:AESI - Free Report) by 7.7% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 855,405 shares of the company's stock after acquiring an additional 61,185 shares during the quarter. Wellington Management Group LLP owned about 0.70% of Atlas Energy Solutions worth $18,973,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Barclays PLC grew its holdings in shares of Atlas Energy Solutions by 574.5% in the 3rd quarter. Barclays PLC now owns 175,082 shares of the company's stock worth $3,817,000 after acquiring an additional 149,126 shares during the last quarter. DAVENPORT & Co LLC boosted its position in shares of Atlas Energy Solutions by 29.0% in the 4th quarter. DAVENPORT & Co LLC now owns 45,800 shares of the company's stock valued at $1,016,000 after purchasing an additional 10,300 shares during the period. Copeland Capital Management LLC boosted its position in shares of Atlas Energy Solutions by 19.3% in the 4th quarter. Copeland Capital Management LLC now owns 2,247,774 shares of the company's stock valued at $49,856,000 after purchasing an additional 363,742 shares during the period. Hodges Capital Management Inc. increased its stake in Atlas Energy Solutions by 44.7% in the 4th quarter. Hodges Capital Management Inc. now owns 194,000 shares of the company's stock worth $4,302,000 after purchasing an additional 59,940 shares in the last quarter. Finally, Yousif Capital Management LLC purchased a new stake in Atlas Energy Solutions during the fourth quarter valued at about $509,000. 34.59% of the stock is owned by institutional investors and hedge funds.

Atlas Energy Solutions Trading Down 0.7%

NYSE:AESI traded down $0.09 during trading hours on Wednesday, hitting $12.87. 1,034,487 shares of the company were exchanged, compared to its average volume of 1,374,448. The company has a fifty day simple moving average of $13.75 and a 200 day simple moving average of $18.83. Atlas Energy Solutions Inc. has a one year low of $11.76 and a one year high of $26.86. The stock has a market capitalization of $1.59 billion, a price-to-earnings ratio of 16.29 and a beta of 1.34. The company has a current ratio of 1.23, a quick ratio of 1.08 and a debt-to-equity ratio of 0.42.

Atlas Energy Solutions (NYSE:AESI - Get Free Report) last posted its quarterly earnings data on Monday, May 5th. The company reported $0.08 EPS for the quarter, missing analysts' consensus estimates of $0.18 by ($0.10). The company had revenue of $297.59 million during the quarter, compared to analyst estimates of $291.13 million. Atlas Energy Solutions had a return on equity of 11.01% and a net margin of 8.78%. Atlas Energy Solutions's revenue was up 54.5% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.26 earnings per share. Sell-side analysts expect that Atlas Energy Solutions Inc. will post 0.83 EPS for the current fiscal year.

Atlas Energy Solutions Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, May 22nd. Investors of record on Thursday, May 15th were paid a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 7.77%. The ex-dividend date was Thursday, May 15th. Atlas Energy Solutions's dividend payout ratio is presently 322.58%.

Insider Activity at Atlas Energy Solutions

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

Analysts Set New Price Targets

AESI has been the subject of a number of research analyst reports. 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. Stifel Nicolaus assumed coverage on Atlas Energy Solutions in a research report on Wednesday, May 21st. They set a "buy" rating and a $15.00 price objective for the company. The Goldman Sachs Group lowered their target price on Atlas Energy Solutions from $22.00 to $15.00 and set a "neutral" rating on the stock in a research note on Thursday, April 10th. Barclays reduced their price target on shares of Atlas Energy Solutions from $23.00 to $19.00 and set an "equal weight" rating for the company in a research report on Monday, March 3rd. Finally, Benchmark dropped their price objective on shares of Atlas Energy Solutions from $28.00 to $25.00 and set a "buy" rating on the stock in a research note on Wednesday, February 26th. Six investment analysts have rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, Atlas Energy Solutions currently has an average rating of "Moderate Buy" and a consensus price target of $19.28.

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.