Versor Investments LP Acquires New Holdings in Atlas Energy Solutions Inc. $AESI

Key Points

• Versor Investments LP has acquired 35,230 shares of Atlas Energy Solutions Inc. ($AESI), valued at approximately $629,000, indicating growing interest from institutional investors in the company.
• Atlas Energy Solutions recently announced a dividend of $0.25 per share, with a yield of 8.9%, though its payout ratio is notably high at 714.29%.
• Analysts have issued mixed ratings for AESI, with price targets ranging from $14.00 to $21.00, while the stock currently has an average rating of "Hold" and a consensus price target of $18.83.

Versor Investments LP bought a new position in Atlas Energy Solutions Inc. (NYSE:AESI - Free Report) in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 35,230 shares of the company's stock, valued at approximately $629,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its position in shares of 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 period. First Trust Advisors LP grew its stake in Atlas Energy Solutions by 31.5% in the 4th 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 during the last quarter. Price T Rowe Associates Inc. MD raised its holdings in Atlas Energy Solutions by 25.5% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 3,390,269 shares of the company's stock worth $75,197,000 after acquiring an additional 689,846 shares during the period. Copeland Capital Management LLC lifted its position in Atlas Energy Solutions by 42.5% during the 1st quarter. Copeland Capital Management LLC now owns 3,203,592 shares of the company's stock worth $57,152,000 after acquiring an additional 955,818 shares during the last quarter. Finally, Cooke & Bieler LP boosted its holdings 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 acquiring an additional 57,546 shares during the period. Institutional investors and hedge funds own 34.59% of the company's stock.

Analyst Ratings Changes

AESI has been the subject of several research analyst reports. Citigroup cut their price objective on Atlas Energy Solutions from $18.00 to $14.00 and set a "neutral" rating for the company in a research report on Tuesday, May 13th. Stifel Nicolaus dropped their price target 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. Piper Sandler cut their price target on Atlas Energy Solutions from $16.00 to $14.00 and set a "neutral" rating for the company in a report on Thursday, August 14th. Finally, Royal Bank Of Canada reduced their price objective 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. Four analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Hold" and a consensus price target of $18.83.

Atlas Energy Solutions Trading Down 1.0%

Shares of AESI opened at $11.19 on Wednesday. Atlas Energy Solutions Inc. has a 12-month low of $11.07 and a 12-month high of $26.86. The company has a quick ratio of 1.30, a current ratio of 1.56 and a debt-to-equity ratio of 0.39. The firm has a market capitalization of $1.38 billion, a price-to-earnings ratio of 79.93 and a beta of 1.19. The stock's 50-day moving average price is $13.37 and its 200 day moving average price is $15.19.

Atlas Energy Solutions Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, August 21st. Stockholders of record on Thursday, August 14th will be given a dividend of $0.25 per share. The ex-dividend date is Thursday, August 14th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 8.9%. Atlas Energy Solutions's payout ratio is currently 714.29%.

Atlas Energy Solutions 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.

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