Amalgamated Bank Raises Stock Position in Atlas Energy Solutions Inc. (NYSE:AESI)

Amalgamated Bank raised its stake in shares of Atlas Energy Solutions Inc. (NYSE:AESI - Free Report) by 674.9% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 18,209 shares of the company's stock after purchasing an additional 15,859 shares during the quarter. Amalgamated Bank's holdings in Atlas Energy Solutions were worth $404,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Global Retirement Partners LLC increased its stake in shares of Atlas Energy Solutions by 191.9% in the 4th quarter. Global Retirement Partners LLC now owns 1,941 shares of the company's stock worth $43,000 after acquiring an additional 1,276 shares in the last quarter. Quest Partners LLC bought a new position in shares of Atlas Energy Solutions during the third quarter valued at approximately $48,000. FMR LLC increased 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 in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings 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 last quarter. Finally, Integrated Wealth Concepts LLC bought a new stake in shares of Atlas Energy Solutions in the 3rd quarter worth approximately $253,000. 34.59% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

AESI has been the topic of several analyst reports. Bank of America reissued a "neutral" rating and issued a $22.50 target price on shares of Atlas Energy Solutions in a report on Monday, January 13th. Royal Bank of Canada cut their price objective on shares of Atlas Energy Solutions from $28.00 to $25.00 and set an "outperform" rating on the stock in a research report on Wednesday, February 26th. Barclays decreased their target price on shares of Atlas Energy Solutions from $23.00 to $19.00 and set an "equal weight" rating for the company in a report on Monday. Citigroup cut shares of Atlas Energy Solutions from a "buy" rating to a "neutral" rating and cut their price target for the company from $23.00 to $22.00 in a report on Thursday, November 14th. Finally, The Goldman Sachs Group started coverage on shares of Atlas Energy Solutions in a report on Friday, December 13th. They issued a "neutral" rating and a $23.00 price objective for the company. Six research analysts have rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $24.39.

Atlas Energy Solutions Stock Down 1.0 %

Shares of NYSE:AESI traded down $0.18 during trading on Thursday, reaching $17.35. The stock had a trading volume of 721,263 shares, compared to its average volume of 1,600,546. The company has a current ratio of 1.23, a quick ratio of 1.08 and a debt-to-equity ratio of 0.42. The company has a market capitalization of $1.91 billion, a P/E ratio of 22.04 and a beta of 1.18. The firm's 50-day simple moving average is $22.07 and its 200 day simple moving average is $21.63. Atlas Energy Solutions Inc. has a one year low of $16.98 and a one year high of $26.86.

Atlas Energy Solutions (NYSE:AESI - Get Free Report) last released its quarterly earnings results on Monday, February 24th. The company reported $0.06 earnings per share (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 firm had revenue of $271.34 million during the quarter, compared to analysts' expectations of $272.94 million. As a group, research analysts expect that Atlas Energy Solutions Inc. will post 0.83 EPS for the current fiscal year.

Atlas Energy Solutions Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, February 28th. Shareholders of record on Friday, February 21st were paid a $0.25 dividend. The ex-dividend date was Friday, February 21st. This is a boost from Atlas Energy Solutions's previous quarterly dividend of $0.24. This represents a $1.00 dividend on an annualized basis and a yield of 5.76%. Atlas Energy Solutions's dividend payout ratio (DPR) is 178.57%.

Insiders Place Their Bets

In other Atlas Energy Solutions news, major shareholder Stacy Hock sold 10,000 shares of the business's stock in a transaction that occurred on Friday, January 10th. The stock was sold at an average price of $21.96, for a total value of $219,600.00. Following the completion of the transaction, the insider now directly owns 907,604 shares of the company's stock, valued at approximately $19,930,983.84. The trade was a 1.09 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, major shareholder Brian Anthony Leveille sold 5,000 shares of the firm's stock in a transaction that occurred on Monday, December 16th. The stock was sold at an average price of $23.17, for a total transaction of $115,850.00. Following the sale, the insider now directly owns 409,510 shares in the company, valued at $9,488,346.70. The trade was a 1.21 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 63,571 shares of company stock valued at $1,473,876. 24.34% of the stock is currently owned by corporate insiders.

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.