Russell Investments Group Ltd. trimmed its position in Atlas Energy Solutions Inc. (NYSE:AESI - Free Report) by 21.5% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 101,132 shares of the company's stock after selling 27,642 shares during the quarter. Russell Investments Group Ltd. owned approximately 0.08% of Atlas Energy Solutions worth $1,804,000 at the end of the most recent quarter.
Other institutional investors also recently modified their holdings of the company. Quarry LP purchased a new stake in Atlas Energy Solutions in the fourth quarter valued at approximately $27,000. Tower Research Capital LLC TRC raised its stake 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 in the last quarter. Fifth Third Bancorp raised its stake in Atlas Energy Solutions by 1,240.1% in the first quarter. Fifth Third Bancorp now owns 1,970 shares of the company's stock valued at $35,000 after purchasing an additional 1,823 shares in the last quarter. Larson Financial Group LLC raised its stake in Atlas Energy Solutions by 201.8% in the first quarter. Larson Financial Group LLC now owns 1,968 shares of the company's stock valued at $35,000 after purchasing an additional 1,316 shares in the last quarter. Finally, Canton Hathaway LLC purchased a new stake in Atlas Energy Solutions in the first quarter valued at approximately $73,000. 34.59% of the stock is currently owned by institutional investors.
Atlas Energy Solutions Stock Down 1.2%
Shares of NYSE AESI opened at $11.62 on Wednesday. Atlas Energy Solutions Inc. has a one year low of $10.92 and a one year high of $26.86. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.56 and a quick ratio of 1.30. The firm's 50 day simple moving average is $13.07 and its two-hundred day simple moving average is $14.83. The stock has a market capitalization of $1.44 billion, a P/E ratio of 82.97 and a beta of 1.19.
Atlas Energy Solutions Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Thursday, August 21st. Shareholders of record on Thursday, August 14th were given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 8.6%. The ex-dividend date was Thursday, August 14th. Atlas Energy Solutions's dividend payout ratio (DPR) is presently 714.29%.
Analyst Ratings Changes
A number of brokerages recently weighed in on AESI. Piper Sandler lowered their target price on shares of Atlas Energy Solutions from $16.00 to $14.00 and set a "neutral" rating on the stock in a research note on Thursday, August 14th. Royal Bank Of Canada lowered 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. Stifel Nicolaus lowered their target price on shares of Atlas Energy Solutions from $14.50 to $14.00 and set a "buy" rating on the stock in a research note on Monday, August 11th. Finally, Citigroup lowered 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. Four research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Hold" and a consensus target price of $18.83.
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About Atlas Energy Solutions
(
Free Report)
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.
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