Teachers Retirement System of The State of Kentucky Purchases New Stake in Atlas Energy Solutions Inc. (NYSE:AESI)

Teachers Retirement System of The State of Kentucky purchased a new stake in Atlas Energy Solutions Inc. (NYSE:AESI - Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 21,148 shares of the company's stock, valued at approximately $469,000.

Other institutional investors have also recently modified their holdings of the company. CBIZ Investment Advisory Services LLC boosted its stake in shares of 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 buying an additional 523 shares in the last quarter. 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. Promus Capital LLC purchased a new stake in shares of Atlas Energy Solutions in the fourth quarter valued at approximately $55,000. KLP Kapitalforvaltning AS purchased a new stake in shares of Atlas Energy Solutions in the fourth quarter valued at approximately $155,000. Finally, Mutual of America Capital Management LLC purchased a new stake in shares of Atlas Energy Solutions in the fourth quarter valued at approximately $204,000. 34.59% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research firms have commented on AESI. Stephens boosted their target price on Atlas Energy Solutions from $28.00 to $29.00 and gave the stock an "overweight" rating in a research report on Tuesday, January 28th. Raymond James downgraded Atlas Energy Solutions from a "strong-buy" rating to a "hold" rating in a research report on Monday, January 6th. Benchmark decreased their target price on Atlas Energy Solutions from $28.00 to $25.00 and set a "buy" rating on the stock in a research report on Wednesday, February 26th. The Goldman Sachs Group decreased their target price 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, Bank of America reiterated a "neutral" rating and set a $22.50 target price on shares of Atlas Energy Solutions in a research report on Monday, January 13th. Six research analysts have rated the stock with a hold rating, five have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $22.44.

Atlas Energy Solutions Stock Performance

Atlas Energy Solutions stock opened at $14.36 on Tuesday. The firm has a market capitalization of $1.75 billion, a P/E ratio of 18.18 and a beta of 1.20. The stock has a fifty day moving average price of $16.63 and a 200 day moving average price of $20.15. Atlas Energy Solutions Inc. has a 52 week low of $12.41 and a 52 week high of $26.86. The company has a current ratio of 1.23, a quick ratio of 1.08 and a debt-to-equity ratio of 0.42.

Atlas Energy Solutions (NYSE:AESI - Get Free Report) last released its earnings results on Monday, February 24th. The company reported $0.06 EPS for the quarter, missing the consensus estimate of $0.18 by ($0.12). The business had revenue of $271.34 million during the quarter, compared to analyst estimates of $272.94 million. Atlas Energy Solutions had a net margin of 8.78% and a return on equity of 11.01%. Equities research analysts anticipate that Atlas Energy Solutions Inc. will post 0.83 earnings per share for the current year.

Atlas Energy Solutions Increases Dividend

The company also recently declared 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. The ex-dividend date of this dividend was Friday, February 21st. This is a positive change from Atlas Energy Solutions's previous quarterly dividend of $0.24. This represents a $1.00 annualized dividend and a yield of 6.96%. Atlas Energy Solutions's dividend payout ratio is currently 178.57%.

Insiders Place Their Bets

In other Atlas Energy Solutions news, major shareholder Stacy Hock sold 10,000 shares of the firm's stock in a transaction that occurred on Monday, February 3rd. The stock was sold at an average price of $22.50, for a total transaction of $225,000.00. Following the completion of the sale, the insider now owns 897,604 shares in the company, valued at $20,196,090. This trade represents a 1.10 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, major shareholder Gregory M. Shepard bought 32,155 shares of the business's stock in a transaction on Thursday, February 27th. The stock was acquired at an average cost of $19.04 per share, for a total transaction of $612,231.20. Following the completion of the transaction, the insider now owns 7,651,210 shares in the company, valued at $145,679,038.40. This represents a 0.42 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 15.98% of the stock is currently owned by insiders.

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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