Commonwealth of Pennsylvania Public School Empls Retrmt SYS Takes Position in Atlas Energy Solutions Inc. (NYSE:AESI)

Commonwealth of Pennsylvania Public School Empls Retrmt SYS purchased a new position in Atlas Energy Solutions Inc. (NYSE:AESI) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 12,941 shares of the company’s stock, valued at approximately $287,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Stifel Financial Corp boosted its holdings in shares of Atlas Energy Solutions by 28.6% during the 3rd quarter. Stifel Financial Corp now owns 126,667 shares of the company’s stock valued at $2,761,000 after buying an additional 28,158 shares in the last quarter. Louisiana State Employees Retirement System purchased a new position in Atlas Energy Solutions during the 4th quarter valued at about $650,000. Hodges Capital Management Inc. boosted its stake in Atlas Energy Solutions by 44.7% during the fourth quarter. Hodges Capital Management Inc. now owns 194,000 shares of the company’s stock worth $4,302,000 after acquiring an additional 59,940 shares in the last quarter. Charles Schwab Investment Management Inc. grew its holdings in Atlas Energy Solutions by 5.3% in the third quarter. Charles Schwab Investment Management Inc. now owns 518,569 shares of the company’s stock worth $11,305,000 after purchasing an additional 25,999 shares during the period. Finally, Proficio Capital Partners LLC bought a new position in shares of Atlas Energy Solutions during the fourth quarter valued at approximately $495,000. 34.59% of the stock is owned by hedge funds and other institutional investors.

Atlas Energy Solutions Price Performance

Shares of NYSE:AESI opened at $18.04 on Friday. The business has a 50-day simple moving average of $20.61 and a two-hundred day simple moving average of $21.32. 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 firm has a market cap of $2.20 billion, a price-to-earnings ratio of 22.84 and a beta of 1.18. Atlas Energy Solutions Inc. has a fifty-two week low of $16.98 and a fifty-two week high of $26.86.

Atlas Energy Solutions (NYSE:AESI) last released its quarterly earnings data on Monday, February 24th. The company reported $0.06 earnings per share for the quarter, missing the consensus estimate of $0.18 by ($0.12). Atlas Energy Solutions had a net margin of 8.78% and a return on equity of 11.01%. The company had revenue of $271.34 million for the quarter, compared to analysts’ expectations of $272.94 million. On average, analysts expect 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. Stockholders of record on Friday, February 21st were paid a $0.25 dividend. This is an increase from Atlas Energy Solutions’s previous quarterly dividend of $0.24. This represents a $1.00 dividend on an annualized basis and a dividend yield of 5.54%. The ex-dividend date of this dividend was Friday, February 21st. Atlas Energy Solutions’s dividend payout ratio (DPR) is 178.57%.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on AESI. Bank of America reissued a “neutral” rating and issued a $22.50 price target on shares of Atlas Energy Solutions in a research report on Monday, January 13th. Royal Bank of Canada dropped their target price on Atlas Energy Solutions from $28.00 to $25.00 and set an “outperform” rating on the stock in a report on Wednesday, February 26th. Raymond James downgraded Atlas Energy Solutions from a “strong-buy” rating to a “hold” rating in a report on Monday, January 6th. Piper Sandler started coverage on shares of Atlas Energy Solutions in a research note on Wednesday, March 12th. They issued an “overweight” rating and a $22.00 price target on the stock. Finally, Benchmark reduced their price objective on shares of Atlas Energy Solutions from $28.00 to $25.00 and set a “buy” rating for the company in a research note on Wednesday, February 26th. Six equities research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, Atlas Energy Solutions has an average rating of “Moderate Buy” and a consensus price target of $23.83.

Insider Transactions at Atlas Energy Solutions

In other Atlas Energy Solutions news, major shareholder Gregory M. Shepard bought 32,155 shares of the business’s stock in a transaction that occurred on Thursday, February 27th. The stock was bought 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 of the company’s stock, valued at $145,679,038.40. This represents a 0.42 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, major shareholder Stacy Hock sold 10,000 shares of the stock in a transaction that occurred on Friday, January 10th. The stock was sold at an average price of $21.96, for a total transaction of $219,600.00. Following the completion of the transaction, the insider now owns 907,604 shares in the company, valued at $19,930,983.84. The trade was a 1.09 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 50,000 shares of company stock worth $1,164,750 in the last ninety days. Insiders own 24.34% of the company’s stock.

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.