Kettle Hill Capital Management LLC Makes New $2.23 Million Investment in Atlas Energy Solutions Inc. $AESI

Key Points

• Kettle Hill Capital Management LLC has invested $2.23 million in Atlas Energy Solutions, acquiring 124,963 shares, which represents 0.10% ownership of the company.
• Atlas Energy Solutions announced a quarterly dividend of $0.25 per share, yielding 9.0%, with a payout ratio of 714.29%.
• Several investment firms have recently adjusted their target prices for Atlas Energy Solutions, with the average target now set at $18.83, indicating a mix of "Buy" and "Hold" ratings among analysts.

Kettle Hill Capital Management LLC bought a new position in shares of Atlas Energy Solutions Inc. (NYSE:AESI - Free Report) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 124,963 shares of the company's stock, valued at approximately $2,229,000. Kettle Hill Capital Management LLC owned about 0.10% of Atlas Energy Solutions as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of the company. Dimensional Fund Advisors LP boosted its holdings in Atlas Energy Solutions by 280.1% in the fourth quarter. Dimensional Fund Advisors LP now owns 631,045 shares of the company's stock valued at $13,998,000 after purchasing an additional 465,044 shares during the period. Tower Research Capital LLC TRC boosted its holdings 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 valued at $31,000 after purchasing an additional 1,047 shares during the period. Northern Trust Corp boosted its holdings in Atlas Energy Solutions by 11.8% in the fourth quarter. Northern Trust Corp now owns 898,253 shares of the company's stock valued at $19,923,000 after purchasing an additional 94,949 shares during the period. Comerica Bank lifted its holdings in Atlas Energy Solutions by 285.3% during the 4th quarter. Comerica Bank now owns 58,874 shares of the company's stock worth $1,306,000 after buying an additional 43,592 shares during the last quarter. Finally, Ameriprise Financial Inc. purchased a new stake in Atlas Energy Solutions during the 4th quarter worth about $3,065,000. 34.59% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research firms have recently commented on AESI. Piper Sandler cut their target price on Atlas Energy Solutions from $16.00 to $14.00 and set a "neutral" rating on the stock in a research report on Thursday, August 14th. Citigroup cut their target price on 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. Finally, Stifel Nicolaus cut their target price on Atlas Energy Solutions from $14.50 to $14.00 and set a "buy" rating on the stock in a research report on Monday, August 11th. Four investment analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company. According to MarketBeat.com, Atlas Energy Solutions currently has an average rating of "Hold" and a consensus price target of $18.83.

Atlas Energy Solutions Stock Down 2.1%

Shares of AESI stock traded down $0.22 during trading hours on Tuesday, hitting $10.48. 1,724,583 shares of the company were exchanged, compared to its average volume of 1,712,469. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.30 and a current ratio of 1.56. The business's 50-day simple moving average is $12.62 and its two-hundred day simple moving average is $14.13. Atlas Energy Solutions Inc. has a one year low of $10.40 and a one year high of $26.86. The stock has a market capitalization of $1.30 billion, a price-to-earnings ratio of 74.86 and a beta of 1.19.

Atlas Energy Solutions Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, August 21st. Investors of record on Thursday, August 14th were paid a $0.25 dividend. The ex-dividend date of this dividend was Thursday, August 14th. This represents a $1.00 dividend on an annualized basis and a yield of 9.5%. Atlas Energy Solutions's dividend payout ratio (DPR) is currently 714.29%.

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.