Alpine Woods Capital Investors LLC Decreases Stake in Atlas Energy Solutions Inc. (NYSE:AESI)

Alpine Woods Capital Investors LLC trimmed its position in shares of Atlas Energy Solutions Inc. (NYSE:AESI - Free Report) by 81.8% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 15,613 shares of the company's stock after selling 70,000 shares during the quarter. Alpine Woods Capital Investors LLC's holdings in Atlas Energy Solutions were worth $346,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently bought and sold shares of AESI. Global Retirement Partners LLC boosted its stake in Atlas Energy Solutions by 191.9% during the fourth quarter. Global Retirement Partners LLC now owns 1,941 shares of the company's stock worth $43,000 after buying an additional 1,276 shares during the period. Quest Partners LLC purchased a new stake in shares of Atlas Energy Solutions during the third quarter valued at $48,000. Promus Capital LLC purchased a new stake in shares of Atlas Energy Solutions during the fourth quarter valued at $55,000. FMR LLC boosted its stake in shares of Atlas Energy Solutions by 101.0% during 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, Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in shares of Atlas Energy Solutions by 55.2% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,745 shares of the company's stock valued at $125,000 after purchasing an additional 2,043 shares during the period. 34.59% of the stock is owned by hedge funds and other institutional investors.

Remove Ads

Analyst Ratings Changes

A number of analysts have recently issued reports on AESI shares. Bank of America reissued a "neutral" rating and set a $22.50 target price on shares of Atlas Energy Solutions in a research note on Monday, January 13th. The Goldman Sachs Group began coverage on shares of Atlas Energy Solutions in a research note on Friday, December 13th. They issued a "neutral" rating and a $23.00 price objective for the company. Royal Bank of Canada lowered their price objective on shares of Atlas Energy Solutions from $28.00 to $25.00 and set an "outperform" rating for the company in a research note on Wednesday, February 26th. Raymond James lowered shares of Atlas Energy Solutions from a "strong-buy" rating to a "hold" rating in a research note on Monday, January 6th. Finally, Stephens boosted their target price on shares of Atlas Energy Solutions from $28.00 to $29.00 and gave the stock an "overweight" rating in a report on Tuesday, January 28th. Six investment 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. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $23.83.

Insider Activity

In related news, major shareholder Stacy Hock sold 8,571 shares of the firm's stock in a transaction dated Wednesday, December 18th. The stock was sold at an average price of $22.55, for a total transaction of $193,276.05. Following the completion of the sale, the insider now directly owns 917,604 shares of the company's stock, valued at approximately $20,691,970.20. This trade represents a 0.93 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, major shareholder Gregory M. Shepard bought 32,155 shares of the stock in a transaction that occurred on Thursday, February 27th. The shares were purchased at an average price of $19.04 per share, with a total value of $612,231.20. Following the completion of the acquisition, the insider now directly owns 7,651,210 shares in the company, valued at $145,679,038.40. This trade represents a 0.42 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have sold 58,571 shares of company stock worth $1,358,026 in the last quarter. Corporate insiders own 24.34% of the company's stock.

Atlas Energy Solutions Stock Performance

Atlas Energy Solutions stock traded up $0.10 during mid-day trading on Tuesday, hitting $18.12. The company had a trading volume of 1,164,961 shares, compared to its average volume of 1,087,608. 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 Inc. has a 12-month low of $16.98 and a 12-month high of $26.86. The company's fifty day moving average is $21.31 and its 200-day moving average is $21.46. The company has a market capitalization of $2.21 billion, a price-to-earnings ratio of 22.93 and a beta of 1.18.

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

Atlas Energy Solutions Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, February 28th. Stockholders of record on Friday, February 21st were given a dividend of $0.25 per share. This is a positive change from Atlas Energy Solutions's previous quarterly dividend of $0.24. The ex-dividend date was Friday, February 21st. This represents a $1.00 dividend on an annualized basis and a dividend yield of 5.52%. Atlas Energy Solutions's dividend payout ratio (DPR) is 178.57%.

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.