Public Sector Pension Investment Board Acquires 76,706 Shares of Atlas Energy Solutions Inc. $AESI

Public Sector Pension Investment Board lifted its stake in Atlas Energy Solutions Inc. (NYSE:AESI - Free Report) by 50.8% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 227,777 shares of the company's stock after buying an additional 76,706 shares during the period. Public Sector Pension Investment Board owned approximately 0.19% of Atlas Energy Solutions worth $4,064,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently modified their holdings of the stock. Vanguard Group Inc. boosted its holdings in Atlas Energy Solutions by 16.5% in the first quarter. Vanguard Group Inc. now owns 8,054,677 shares of the company's stock valued at $143,695,000 after purchasing an additional 1,139,352 shares during the last quarter. First Trust Advisors LP raised its stake in Atlas Energy Solutions by 31.5% during the fourth quarter. First Trust Advisors LP now owns 3,908,810 shares of the company's stock valued at $86,697,000 after buying an additional 935,410 shares in the last quarter. Price T Rowe Associates Inc. MD raised its stake in Atlas Energy Solutions by 25.5% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 3,390,269 shares of the company's stock valued at $75,197,000 after buying an additional 689,846 shares in the last quarter. Copeland Capital Management LLC raised its stake in Atlas Energy Solutions by 42.5% during the first quarter. Copeland Capital Management LLC now owns 3,203,592 shares of the company's stock valued at $57,152,000 after buying an additional 955,818 shares in the last quarter. Finally, Cooke & Bieler LP raised its stake in Atlas Energy Solutions by 2.3% during the first quarter. Cooke & Bieler LP now owns 2,600,093 shares of the company's stock valued at $46,386,000 after buying an additional 57,546 shares in the last quarter. Hedge funds and other institutional investors own 34.59% of the company's stock.

Analyst Ratings Changes

A number of brokerages have recently weighed in on AESI. Citigroup dropped their price target 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. Stifel Nicolaus lowered 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. Royal Bank Of Canada lowered their target price on 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, Piper Sandler lowered their price target 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. Four equities research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company's stock. According to data from MarketBeat.com, Atlas Energy Solutions has a consensus rating of "Hold" and a consensus target price of $18.83.

Atlas Energy Solutions Price Performance

Shares of AESI stock traded up $0.7640 during mid-day trading on Friday, hitting $12.0240. 353,533 shares of the stock traded hands, compared to its average volume of 1,715,938. Atlas Energy Solutions Inc. has a twelve month low of $10.92 and a twelve month high of $26.86. The firm has a market cap of $1.49 billion, a price-to-earnings ratio of 85.93 and a beta of 1.19. The company's 50-day simple moving average is $13.24 and its 200-day simple moving average is $15.08. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.30 and a current ratio of 1.56.

Atlas Energy Solutions Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, August 21st. Investors of record on Thursday, August 14th were given a dividend of $0.25 per share. 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 8.3%. Atlas Energy Solutions's payout ratio is presently 714.29%.

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.