Harbor Capital Advisors Inc. Purchases 40,607 Shares of Atlas Energy Solutions Inc. (NYSE:AESI)

Harbor Capital Advisors Inc. grew its stake in shares of Atlas Energy Solutions Inc. (NYSE:AESI - Free Report) by 120.4% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 74,340 shares of the company's stock after buying an additional 40,607 shares during the period. Harbor Capital Advisors Inc. owned 0.06% of Atlas Energy Solutions worth $1,326,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently modified their holdings of AESI. CBIZ Investment Advisory Services LLC grew its holdings in shares of Atlas Energy Solutions by 62.9% in the fourth quarter. CBIZ Investment Advisory Services LLC now owns 1,354 shares of the company's stock valued at $30,000 after purchasing an additional 523 shares in the last quarter. Tower Research Capital LLC TRC grew its holdings in shares of 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 valued at $31,000 after purchasing an additional 1,047 shares in the last quarter. Quarry LP purchased a new position in shares of Atlas Energy Solutions in the fourth quarter valued at $27,000. Global Retirement Partners LLC grew its holdings in shares of Atlas Energy Solutions by 191.9% in the fourth quarter. Global Retirement Partners LLC now owns 1,941 shares of the company's stock valued at $43,000 after purchasing an additional 1,276 shares in the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in shares of Atlas Energy Solutions by 3.6% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 38,630 shares of the company's stock valued at $857,000 after purchasing an additional 1,354 shares in the last quarter. Institutional investors own 34.59% of the company's stock.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on AESI. Piper Sandler cut their target price on shares of Atlas Energy Solutions from $22.00 to $17.00 and set an "overweight" rating for the company in a report on Thursday, May 8th. Barclays cut their target price on shares of Atlas Energy Solutions from $23.00 to $19.00 and set an "equal weight" rating for the company in a report 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 for the company in a report on Tuesday, May 13th. Benchmark dropped their price objective on shares of Atlas Energy Solutions from $28.00 to $25.00 and set a "buy" rating for the company in a research note on Wednesday, February 26th. Finally, Stifel Nicolaus began coverage on shares of Atlas Energy Solutions in a research note on Wednesday, May 21st. They set a "buy" rating and a $15.00 price objective for the company. Six equities research analysts have rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $19.28.

Atlas Energy Solutions Trading Down 1.6%

Shares of AESI traded down $0.24 during trading hours on Monday, reaching $14.41. 1,764,066 shares of the company traded hands, compared to its average volume of 1,379,873. The firm has a market cap of $1.78 billion, a price-to-earnings ratio of 18.25 and a beta of 1.14. Atlas Energy Solutions Inc. has a 12-month low of $11.76 and a 12-month high of $26.86. The company has a current ratio of 1.23, a quick ratio of 1.08 and a debt-to-equity ratio of 0.42. The stock's fifty day moving average price is $13.42 and its 200 day moving average price is $18.25.

Atlas Energy Solutions (NYSE:AESI - Get Free Report) last issued its earnings results on Monday, May 5th. The company reported $0.08 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.18 by ($0.10). The company had revenue of $297.59 million for the quarter, compared to analysts' expectations of $291.13 million. Atlas Energy Solutions had a net margin of 8.78% and a return on equity of 11.01%. The firm's revenue for the quarter was up 54.5% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.26 earnings per share. Sell-side analysts forecast 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 disclosed a quarterly dividend, which was paid on Thursday, May 22nd. Investors of record on Thursday, May 15th were issued 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 payout ratio is currently 322.58%.

Insider Activity at Atlas Energy Solutions

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

About Atlas Energy Solutions

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.