Squarepoint Ops LLC Has $1.53 Million Stake in Atlas Energy Solutions Inc. (NYSE:AESI)

Squarepoint Ops LLC raised its stake in Atlas Energy Solutions Inc. (NYSE:AESI - Free Report) by 135.0% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 68,880 shares of the company's stock after acquiring an additional 39,570 shares during the quarter. Squarepoint Ops LLC owned approximately 0.06% of Atlas Energy Solutions worth $1,528,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in AESI. Quarry LP acquired a new stake in shares of Atlas Energy Solutions in the fourth quarter valued at about $27,000. CBIZ Investment Advisory Services LLC grew its stake in Atlas Energy Solutions by 62.9% during the 4th 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 stake in Atlas Energy Solutions by 307.9% during the 4th 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. Global Retirement Partners LLC lifted its holdings in Atlas Energy Solutions by 191.9% during the 4th quarter. Global Retirement Partners LLC now owns 1,941 shares of the company's stock worth $43,000 after buying an additional 1,276 shares during the last quarter. Finally, Promus Capital LLC bought a new position in Atlas Energy Solutions during the 4th quarter worth approximately $55,000. 34.59% of the stock is owned by institutional investors and hedge funds.

Atlas Energy Solutions Stock Performance

Shares of Atlas Energy Solutions stock traded up $0.69 during trading on Tuesday, reaching $12.93. The company's stock had a trading volume of 1,988,779 shares, compared to its average volume of 1,373,559. The company has a debt-to-equity ratio of 0.42, a quick ratio of 1.08 and a current ratio of 1.23. The business's fifty day moving average price is $13.75 and its 200-day moving average price is $18.83. The firm has a market cap of $1.60 billion, a price-to-earnings ratio of 16.36 and a beta of 1.34. Atlas Energy Solutions Inc. has a one year low of $11.76 and a one year high of $26.86.

Atlas Energy Solutions (NYSE:AESI - Get Free Report) last issued its quarterly earnings results on Monday, May 5th. The company reported $0.08 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.18 by ($0.10). Atlas Energy Solutions had a net margin of 8.78% and a return on equity of 11.01%. The firm had revenue of $297.59 million for the quarter, compared to the consensus estimate of $291.13 million. During the same quarter in the prior year, the firm earned $0.26 earnings per share. The company's revenue was up 54.5% on a year-over-year basis. As a group, equities research analysts predict 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 declared a quarterly dividend, which was paid on Thursday, May 22nd. Investors of record on Thursday, May 15th were paid a dividend of $0.25 per share. The ex-dividend date of this dividend was Thursday, May 15th. This represents a $1.00 annualized dividend and a yield of 7.74%. Atlas Energy Solutions's dividend payout ratio is 322.58%.

Insider Activity

In other news, Director Douglas G. Rogers bought 7,000 shares of the company's stock in a transaction dated Wednesday, May 14th. The stock was bought at an average price of $13.27 per share, for a total transaction of $92,890.00. Following the completion of the transaction, the director now directly owns 10,000 shares in the company, valued at $132,700. The trade was a 233.33% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Chairman Ben M. Brigham purchased 9,635 shares of the business's stock in a transaction dated Wednesday, May 14th. The shares were purchased at an average cost of $13.38 per share, for a total transaction of $128,916.30. Following the purchase, the chairman now directly owns 572,397 shares of the company's stock, valued at $7,658,671.86. This trade represents a 1.71% increase in their ownership of the stock. The disclosure for this purchase can be found here. Corporate insiders own 15.98% of the company's stock.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on AESI shares. Piper Sandler cut their price target on Atlas Energy Solutions from $22.00 to $17.00 and set an "overweight" rating on the stock in a report on Thursday, May 8th. Stifel Nicolaus began coverage on Atlas Energy Solutions in a research report on Wednesday, May 21st. They set a "buy" rating and a $15.00 price target on the stock. Citigroup decreased their target price on Atlas Energy Solutions from $18.00 to $14.00 and set a "neutral" rating on the stock in a report on Tuesday, May 13th. Royal Bank of Canada decreased their target price on Atlas Energy Solutions from $21.00 to $17.00 and set an "outperform" rating for the company in a research report on Wednesday, May 7th. Finally, The Goldman Sachs Group decreased their target price on Atlas Energy Solutions from $22.00 to $15.00 and set a "neutral" rating for the company in a research report on Thursday, April 10th. Six analysts have rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $19.28.

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.