Atlas Energy Solutions Inc. (NYSE:AESI) Shares Purchased by Cooke & Bieler LP

Cooke & Bieler LP increased its holdings in Atlas Energy Solutions Inc. (NYSE:AESI - Free Report) by 2.3% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 2,600,093 shares of the company's stock after buying an additional 57,546 shares during the quarter. Cooke & Bieler LP owned 2.14% of Atlas Energy Solutions worth $46,386,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in the company. Quarry LP purchased a new position in shares of Atlas Energy Solutions in the fourth quarter worth $27,000. Tower Research Capital LLC TRC increased its position in Atlas Energy Solutions by 307.9% in the fourth quarter. Tower Research Capital LLC TRC now owns 1,387 shares of the company's stock worth $31,000 after purchasing an additional 1,047 shares during the last quarter. Larson Financial Group LLC increased its position in Atlas Energy Solutions by 201.8% in the first quarter. Larson Financial Group LLC now owns 1,968 shares of the company's stock worth $35,000 after purchasing an additional 1,316 shares during the last quarter. Fifth Third Bancorp increased its position in Atlas Energy Solutions by 1,240.1% in the first quarter. Fifth Third Bancorp now owns 1,970 shares of the company's stock worth $35,000 after purchasing an additional 1,823 shares during the last quarter. Finally, Canton Hathaway LLC bought a new stake in Atlas Energy Solutions in the first quarter worth $73,000. Hedge funds and other institutional investors own 34.59% of the company's stock.

Insider Activity

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

Atlas Energy Solutions Trading Down 1.3%

Shares of NYSE AESI traded down $0.18 during mid-day trading on Friday, reaching $13.43. The company had a trading volume of 922,384 shares, compared to its average volume of 1,399,961. The business's 50-day moving average is $13.50 and its 200-day moving average is $16.94. The company has a current ratio of 1.62, a quick ratio of 1.40 and a debt-to-equity ratio of 0.38. The stock has a market cap of $1.66 billion, a price-to-earnings ratio of 43.32 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.

Atlas Energy Solutions (NYSE:AESI - Get Free Report) last released its quarterly earnings data on Monday, May 5th. The company reported $0.08 earnings per share for the quarter, missing analysts' consensus estimates of $0.18 by ($0.10). Atlas Energy Solutions had a return on equity of 4.99% and a net margin of 2.96%. The business had revenue of $297.59 million during the quarter, compared to analysts' expectations of $291.13 million. During the same period last year, the company earned $0.26 earnings per share. The firm's revenue was up 54.5% compared to the same quarter last year. Equities analysts expect that Atlas Energy Solutions Inc. will post 0.83 earnings per share for the current year.

Atlas Energy Solutions Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, May 22nd. Shareholders of record on Thursday, May 15th were given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 7.45%. The ex-dividend date was Thursday, May 15th. Atlas Energy Solutions's payout ratio is 322.58%.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on AESI shares. The Goldman Sachs Group reduced 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. Piper Sandler restated a "neutral" rating and issued a $16.00 price target on shares of Atlas Energy Solutions in a research report on Tuesday. Citigroup reduced their price target 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. Royal Bank Of Canada reduced 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, Stifel Nicolaus cut their price objective on shares of Atlas Energy Solutions from $15.00 to $14.50 and set a "buy" rating on the stock in a research report on Wednesday. Seven analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus target price of $19.11.

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.