XTX Topco Ltd Buys Shares of 116,832 Atlas Energy Solutions Inc. (NYSE:AESI)

Key Points

• XTX Topco Ltd has made a new investment in Atlas Energy Solutions Inc., acquiring 116,832 shares for approximately $2,084,000, representing a 0.10% ownership stake.
• Analysts have adjusted price targets for Atlas Energy Solutions, with Goldman Sachs lowering it from $22.00 to $15.00 and others suggesting a range between $14.00 and $17.00, indicating various assessments of the stock's performance.
• The company recently declared a quarterly dividend of $0.25, yielding 7.58%, though it has a significant payout ratio of 322.58%.

XTX Topco Ltd bought a new position in shares of Atlas Energy Solutions Inc. (NYSE:AESI - Free Report) in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 116,832 shares of the company's stock, valued at approximately $2,084,000. XTX Topco Ltd owned about 0.10% of Atlas Energy Solutions as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of AESI. Vanguard Group Inc. grew its holdings in shares of Atlas Energy Solutions by 12.6% during the 4th quarter. Vanguard Group Inc. now owns 6,915,325 shares of the company's stock valued at $153,382,000 after purchasing an additional 773,035 shares during the last quarter. First Trust Advisors LP grew its stake in shares of 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 worth $86,697,000 after buying an additional 935,410 shares during the last quarter. Price T Rowe Associates Inc. MD grew its stake in shares of 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 worth $75,197,000 after buying an additional 689,846 shares during the last quarter. Copeland Capital Management LLC lifted its stake in shares of Atlas Energy Solutions by 42.5% in the 1st quarter. Copeland Capital Management LLC now owns 3,203,592 shares of the company's stock valued at $57,152,000 after acquiring an additional 955,818 shares during the last quarter. Finally, Cooke & Bieler LP boosted its holdings in shares of Atlas Energy Solutions by 2.3% during the 1st 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 in the last quarter. Institutional investors own 34.59% of the company's stock.

Atlas Energy Solutions Stock Down 0.6%

Atlas Energy Solutions stock traded down $0.07 during midday trading on Monday, reaching $12.44. The stock had a trading volume of 706,347 shares, compared to its average volume of 1,728,346. The company has a fifty day moving average price of $13.63 and a two-hundred day moving average price of $16.17. Atlas Energy Solutions Inc. has a 12 month low of $11.76 and a 12 month high of $26.86. The company has a current ratio of 1.62, a quick ratio of 1.40 and a debt-to-equity ratio of 0.38. The company has a market capitalization of $1.54 billion, a P/E ratio of 40.13 and a beta of 1.20.

Atlas Energy Solutions (NYSE:AESI - Get Free Report) last issued its earnings results on Monday, May 5th. The company reported $0.08 earnings per share for the quarter, missing analysts' consensus estimates of $0.18 by ($0.10). Atlas Energy Solutions had a return on equity of 4.99% and a net margin of 2.96%. The firm had revenue of $297.59 million for the quarter, compared to analyst estimates of $291.13 million. During the same period in the previous year, the company earned $0.26 earnings per share. Atlas Energy Solutions's revenue for the quarter was up 54.5% compared to the same quarter last year. As a group, equities analysts expect that Atlas Energy Solutions Inc. will post 0.83 EPS for the current fiscal year.

Analysts Set New Price Targets

Several equities analysts have commented on the company. Piper Sandler reiterated a "neutral" rating and issued a $16.00 target price on shares of Atlas Energy Solutions in a research report on Tuesday, July 15th. Stifel Nicolaus cut their price target on shares of Atlas Energy Solutions from $15.00 to $14.50 and set a "buy" rating on the stock in a report on Wednesday, July 16th. Citigroup decreased their price objective on Atlas Energy Solutions from $18.00 to $14.00 and set a "neutral" rating for the company in a report on Tuesday, May 13th. Royal Bank Of Canada reduced their price target 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, The Goldman Sachs Group decreased their price target on Atlas Energy Solutions from $22.00 to $15.00 and set a "neutral" rating for the company in a research note on Thursday, April 10th. Seven equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat, the stock has an average rating of "Hold" and a consensus price target of $19.11.

Insider Transactions at Atlas Energy Solutions

In other Atlas Energy Solutions news, Director Douglas G. Rogers acquired 7,000 shares of Atlas Energy Solutions stock in a transaction on Wednesday, May 14th. The stock was purchased at an average price of $13.27 per share, for a total transaction of $92,890.00. Following the purchase, the director directly owned 10,000 shares of the company's stock, valued at $132,700. This trade represents a 233.33% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Chairman Ben M. Brigham acquired 9,635 shares of the stock in a transaction on Wednesday, May 14th. The stock was bought at an average cost of $13.38 per share, for a total transaction of $128,916.30. Following the transaction, the chairman owned 572,397 shares of the company's stock, valued at approximately $7,658,671.86. This trade represents a 1.71% increase in their position. The disclosure for this purchase can be found here. 15.98% of the stock is owned by company insiders.

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.