Mesirow Institutional Investment Management Inc. raised its holdings in Atlas Energy Solutions Inc. (NYSE:AESI - Free Report) by 8.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 518,838 shares of the company's stock after buying an additional 40,749 shares during the period. Mesirow Institutional Investment Management Inc. owned about 0.47% of Atlas Energy Solutions worth $11,508,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. CBIZ Investment Advisory Services LLC increased its stake in Atlas Energy Solutions by 62.9% in the fourth 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 during the period. Wilmington Savings Fund Society FSB increased its position in Atlas Energy Solutions by 8.0% during the 4th quarter. Wilmington Savings Fund Society FSB now owns 14,770 shares of the company's stock worth $328,000 after purchasing an additional 1,100 shares during the period. Global Retirement Partners LLC boosted its stake in shares of Atlas Energy Solutions by 191.9% in the fourth quarter. Global Retirement Partners LLC now owns 1,941 shares of the company's stock valued at $43,000 after buying an additional 1,276 shares in the last quarter. FMR LLC lifted its stake in shares of Atlas Energy Solutions by 101.0% in the third quarter. FMR LLC now owns 2,696 shares of the company's stock valued at $59,000 after purchasing an additional 1,355 shares during the period. Finally, Promus Capital LLC acquired a new position in Atlas Energy Solutions during the fourth quarter worth $55,000. 34.59% of the stock is owned by institutional investors and hedge funds.
Analyst Upgrades and Downgrades
AESI has been the topic of a number of recent research reports. Raymond James lowered Atlas Energy Solutions from a "strong-buy" rating to a "hold" rating in a research note on Monday, January 6th. Piper Sandler assumed coverage on shares of Atlas Energy Solutions in a research report on Wednesday, March 12th. They set an "overweight" rating and a $22.00 price target for the company. Bank of America reaffirmed a "neutral" rating and issued a $22.50 price objective on shares of Atlas Energy Solutions in a research note on Monday, January 13th. The Goldman Sachs Group reduced their price target on Atlas Energy Solutions from $22.00 to $15.00 and set a "neutral" rating on the stock in a research report on Thursday, April 10th. Finally, Barclays lowered their target price on Atlas Energy Solutions from $23.00 to $19.00 and set an "equal weight" rating for the company in a research note on Monday, March 3rd. Six investment analysts have rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $22.44.
Read Our Latest Analysis on AESI
Insider Buying and Selling at Atlas Energy Solutions
In related news, major shareholder Brian Anthony Leveille sold 12,500 shares of the business's stock in a transaction that occurred on Monday, January 27th. The shares were sold at an average price of $24.46, for a total transaction of $305,750.00. Following the completion of the transaction, the insider now owns 362,010 shares in the company, valued at approximately $8,854,764.60. The trade was a 3.34 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, major shareholder Stacy Hock sold 10,000 shares of the firm's stock in a transaction dated Monday, February 3rd. The stock was sold at an average price of $22.50, for a total value of $225,000.00. Following the sale, the insider now directly owns 897,604 shares in the company, valued at approximately $20,196,090. This represents a 1.10 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 15.98% of the company's stock.
Atlas Energy Solutions Stock Performance
Shares of NYSE AESI traded up $0.02 during trading hours on Friday, hitting $14.18. 471,930 shares of the stock were exchanged, compared to its average volume of 1,248,613. The firm has a market capitalization of $1.73 billion, a P/E ratio of 17.94 and a beta of 1.20. The company's 50 day moving average is $16.94 and its 200 day moving average is $20.25. Atlas Energy Solutions Inc. has a one year low of $12.41 and a one year high of $26.86. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.23 and a quick ratio of 1.08.
Atlas Energy Solutions (NYSE:AESI - Get Free Report) last issued its quarterly earnings results on Monday, February 24th. The company reported $0.06 earnings per share for the quarter, missing analysts' consensus estimates of $0.18 by ($0.12). The company had revenue of $271.34 million during the quarter, compared to the consensus estimate of $272.94 million. Atlas Energy Solutions had a net margin of 8.78% and a return on equity of 11.01%. On average, research analysts expect that Atlas Energy Solutions Inc. will post 0.83 EPS for the current year.
Atlas Energy Solutions Increases Dividend
The company also recently disclosed a quarterly dividend, which was paid on Friday, February 28th. Shareholders of record on Friday, February 21st were paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 7.05%. This is a boost from Atlas Energy Solutions's previous quarterly dividend of $0.24. The ex-dividend date of this dividend was Friday, February 21st. Atlas Energy Solutions's dividend payout ratio is currently 178.57%.
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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