Atlas Energy Solutions Inc. $AESI Shares Bought by Raymond James Financial Inc.

Raymond James Financial Inc. lifted its holdings in Atlas Energy Solutions Inc. (NYSE:AESI - Free Report) by 66.3% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 165,231 shares of the company's stock after buying an additional 65,901 shares during the quarter. Raymond James Financial Inc. owned 0.14% of Atlas Energy Solutions worth $2,948,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of the business. American Century Companies Inc. boosted its stake in shares of Atlas Energy Solutions by 144.8% in the first quarter. American Century Companies Inc. now owns 677,849 shares of the company's stock valued at $12,093,000 after buying an additional 400,984 shares in the last quarter. Seven Grand Managers LLC acquired a new stake in Atlas Energy Solutions in the first quarter valued at $4,460,000. Liontrust Investment Partners LLP acquired a new stake in Atlas Energy Solutions in the first quarter valued at $348,000. Public Sector Pension Investment Board grew its holdings in Atlas Energy Solutions by 50.8% in the first quarter. Public Sector Pension Investment Board now owns 227,777 shares of the company's stock valued at $4,064,000 after purchasing an additional 76,706 shares during the last quarter. Finally, Burkehill Global Management LP acquired a new stake in Atlas Energy Solutions in the first quarter valued at $8,474,000. 34.59% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

AESI has been the topic of several research reports. Piper Sandler lowered their target price on Atlas Energy Solutions from $16.00 to $14.00 and set a "neutral" rating on the stock in a report on Thursday, August 14th. 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 report on Monday, August 11th. Four investment analysts have rated the stock with a Buy rating and seven have given a Hold rating to the stock. Based on data from MarketBeat, Atlas Energy Solutions has an average rating of "Hold" and an average price target of $18.83.

Atlas Energy Solutions Trading Up 2.8%

Atlas Energy Solutions stock traded up $0.30 during trading on Thursday, hitting $10.96. The company's stock had a trading volume of 779,730 shares, compared to its average volume of 1,710,138. The stock has a market capitalization of $1.36 billion, a price-to-earnings ratio of 78.26 and a beta of 1.19. The stock's fifty day moving average is $12.48 and its 200 day moving average is $14.08. Atlas Energy Solutions Inc. has a 1-year low of $10.40 and a 1-year high of $26.86. 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 company also recently declared a quarterly dividend, which was paid on Thursday, August 21st. Shareholders of record on Thursday, August 14th were paid a dividend of $0.25 per share. The ex-dividend date was Thursday, August 14th. This represents a $1.00 annualized dividend and a yield of 9.1%. Atlas Energy Solutions's dividend payout ratio is currently 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.