Copeland Capital Management LLC Has $57.15 Million Holdings in Atlas Energy Solutions Inc. (NYSE:AESI)

Copeland Capital Management LLC grew its stake in shares of Atlas Energy Solutions Inc. (NYSE:AESI - Free Report) by 42.5% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 3,203,592 shares of the company's stock after buying an additional 955,818 shares during the period. Copeland Capital Management LLC owned 2.63% of Atlas Energy Solutions worth $57,152,000 as of its most recent SEC filing.

Several other institutional investors also recently made changes to their positions in AESI. Quarry LP purchased a new position in Atlas Energy Solutions in the 4th quarter valued at about $27,000. CBIZ Investment Advisory Services LLC boosted its position in Atlas Energy Solutions by 62.9% in the 4th quarter. CBIZ Investment Advisory Services LLC now owns 1,354 shares of the company's stock valued at $30,000 after buying an additional 523 shares during the last quarter. Tower Research Capital LLC TRC boosted its position in Atlas Energy Solutions by 307.9% in the 4th quarter. Tower Research Capital LLC TRC now owns 1,387 shares of the company's stock valued at $31,000 after buying an additional 1,047 shares during the last quarter. Global Retirement Partners LLC boosted its position in Atlas Energy Solutions by 191.9% in the 4th quarter. Global Retirement Partners LLC now owns 1,941 shares of the company's stock valued at $43,000 after buying an additional 1,276 shares during the last quarter. Finally, Fifth Third Bancorp boosted its position in Atlas Energy Solutions by 1,240.1% in the 1st 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. 34.59% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

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

Atlas Energy Solutions Stock Performance

NYSE AESI traded down $0.68 on Friday, hitting $13.18. The stock had a trading volume of 3,713,816 shares, compared to its average volume of 1,371,411. Atlas Energy Solutions Inc. has a one year low of $11.76 and a one year high of $26.86. The company has a quick ratio of 1.40, a current ratio of 1.62 and a debt-to-equity ratio of 0.38. The stock has a market cap of $1.63 billion, a price-to-earnings ratio of 42.53 and a beta of 1.14. The company's 50-day moving average is $13.43 and its two-hundred day moving average is $17.68.

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

Atlas Energy Solutions Announces Dividend

The firm 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 dividend on an annualized basis and a yield of 7.58%. The ex-dividend date of this dividend was Thursday, May 15th. Atlas Energy Solutions's payout ratio is 322.58%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on AESI shares. Barclays cut their target price on shares of Atlas Energy Solutions from $23.00 to $19.00 and set an "equal weight" rating on the stock in a research note on Monday, March 3rd. Citigroup cut their target price on shares of Atlas Energy Solutions from $18.00 to $14.00 and set a "neutral" rating on the stock in a research note on Tuesday, May 13th. Piper Sandler cut their target price on shares of Atlas Energy Solutions from $22.00 to $17.00 and set an "overweight" rating on the stock in a research note on Thursday, May 8th. Stifel Nicolaus started coverage on shares of Atlas Energy Solutions in a research note on Wednesday, May 21st. They issued a "buy" rating and a $15.00 target price on the stock. Finally, Royal Bank Of Canada cut their target price on shares of Atlas Energy Solutions from $21.00 to $17.00 and set an "outperform" rating on the stock in a research note on Wednesday, May 7th. Six research analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Hold" and an average target price 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.