Barrow Hanley Mewhinney & Strauss LLC Cuts Stake in Atlas Energy Solutions Inc. (NYSE:AESI)

Barrow Hanley Mewhinney & Strauss LLC lessened its holdings in shares of Atlas Energy Solutions Inc. (NYSE:AESI - Free Report) by 4.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 2,859,476 shares of the company's stock after selling 122,710 shares during the period. Barrow Hanley Mewhinney & Strauss LLC owned approximately 2.59% of Atlas Energy Solutions worth $63,423,000 at the end of the most recent quarter.

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

Insider Buying and Selling

In related news, 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 acquisition, the director now owns 10,000 shares of the company's stock, valued at $132,700. The trade was a 233.33% increase in their position. The transaction 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 company's stock in a transaction dated Wednesday, May 14th. The shares were purchased at an average cost of $13.38 per share, for a total transaction of $128,916.30. Following the purchase, the chairman now directly owns 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. Insiders have purchased a total of 48,790 shares of company stock valued at $834,038 over the last ninety days. Company insiders own 15.98% of the company's stock.

Atlas Energy Solutions Trading Down 0.4%

Shares of Atlas Energy Solutions stock opened at $12.57 on Friday. The stock has a market cap of $1.55 billion, a PE ratio of 15.91 and a beta of 1.34. The firm has a fifty day moving average price of $14.68 and a 200 day moving average price of $19.30. 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 0.42, a current ratio of 1.23 and a quick ratio of 1.08.

Atlas Energy Solutions (NYSE:AESI - Get Free Report) last announced its quarterly 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 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 for the quarter was up 54.5% on a year-over-year basis. During the same period in the prior year, the business posted $0.26 earnings per share. Equities research analysts predict that Atlas Energy Solutions Inc. will post 0.83 earnings per share for the current year.

Atlas Energy Solutions Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, May 22nd. Investors of record on Thursday, May 15th were issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 7.96%. The ex-dividend date of this dividend was Thursday, May 15th. Atlas Energy Solutions's dividend payout ratio (DPR) is 322.58%.

Analyst Ratings Changes

AESI has been the subject of a number of recent analyst reports. Royal Bank of Canada lowered their target price 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. Citigroup decreased their price target on shares of Atlas Energy Solutions from $18.00 to $14.00 and set a "neutral" rating for the company in a report on Tuesday, May 13th. The Goldman Sachs Group lowered their price objective on shares of Atlas Energy Solutions from $22.00 to $15.00 and set a "neutral" rating for the company in a research note on Thursday, April 10th. Stifel Nicolaus initiated coverage on shares of Atlas Energy Solutions in a report on Wednesday. They set a "buy" rating and a $15.00 price objective on the stock. Finally, Barclays reduced their target price on Atlas Energy Solutions from $23.00 to $19.00 and set an "equal weight" rating for the company in a research note on Monday, March 3rd. Six equities research 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 company. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average 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.

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