Hodges Capital Management Inc. Has $2.92 Million Position in Atlas Energy Solutions Inc. (NYSE:AESI)

Hodges Capital Management Inc. trimmed its holdings in shares of Atlas Energy Solutions Inc. (NYSE:AESI - Free Report) by 42.4% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 134,060 shares of the company's stock after selling 98,700 shares during the period. Hodges Capital Management Inc. owned 0.12% of Atlas Energy Solutions worth $2,923,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of AESI. Barrow Hanley Mewhinney & Strauss LLC lifted its stake in Atlas Energy Solutions by 1.1% in the second quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 2,696,418 shares of the company's stock valued at $53,740,000 after buying an additional 30,082 shares during the last quarter. Meridian Wealth Advisors LLC boosted its stake in Atlas Energy Solutions by 25.8% during the 2nd quarter. Meridian Wealth Advisors LLC now owns 2,677,490 shares of the company's stock valued at $53,362,000 after purchasing an additional 548,620 shares during the period. Copeland Capital Management LLC grew its position in Atlas Energy Solutions by 19.8% in the 3rd quarter. Copeland Capital Management LLC now owns 1,884,032 shares of the company's stock worth $41,072,000 after purchasing an additional 311,228 shares during the last quarter. State Street Corp increased its stake in shares of Atlas Energy Solutions by 15.0% in the third quarter. State Street Corp now owns 1,751,059 shares of the company's stock valued at $38,173,000 after purchasing an additional 227,776 shares during the period. Finally, Cooke & Bieler LP raised its holdings in shares of Atlas Energy Solutions by 775.7% during the second quarter. Cooke & Bieler LP now owns 1,699,013 shares of the company's stock valued at $33,861,000 after buying an additional 1,504,988 shares during the last quarter. 34.59% of the stock is currently owned by institutional investors.

Atlas Energy Solutions Price Performance

Shares of NYSE:AESI traded up $0.33 on Monday, reaching $22.70. 650,930 shares of the company traded hands, compared to its average volume of 960,320. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.23 and a quick ratio of 1.08. The stock has a market capitalization of $2.50 billion, a PE ratio of 28.73, a P/E/G ratio of 11.31 and a beta of 0.95. The company's 50 day moving average is $21.37 and its 200-day moving average is $21.02. Atlas Energy Solutions Inc. has a fifty-two week low of $15.55 and a fifty-two week high of $24.93.

Atlas Energy Solutions (NYSE:AESI - Get Free Report) last announced its earnings results on Monday, October 28th. The company reported $0.04 EPS for the quarter, missing the consensus estimate of $0.29 by ($0.25). The company had revenue of $304.40 million for the quarter, compared to analysts' expectations of $307.93 million. Atlas Energy Solutions had a net margin of 8.78% and a return on equity of 11.01%. The company's revenue for the quarter was up 93.1% on a year-over-year basis. During the same period in the prior year, the company earned $0.51 earnings per share. As a group, analysts anticipate that Atlas Energy Solutions Inc. will post 0.88 earnings per share for the current fiscal year.

Atlas Energy Solutions Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, November 14th. Stockholders of record on Thursday, November 7th were issued a dividend of $0.24 per share. The ex-dividend date was Thursday, November 7th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 4.23%. This is a positive change from Atlas Energy Solutions's previous quarterly dividend of $0.23. Atlas Energy Solutions's payout ratio is currently 121.52%.

Insider Activity at Atlas Energy Solutions

In other news, major shareholder Brian Anthony Leveille sold 10,000 shares of the stock in a transaction that occurred on Monday, October 14th. The shares were sold at an average price of $20.50, for a total value of $205,000.00. Following the completion of the sale, the insider now directly owns 542,010 shares of the company's stock, valued at $11,111,205. This represents a 1.81 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, major shareholder Stacy Hock sold 8,571 shares of the firm's stock in a transaction that occurred on Wednesday, September 11th. The stock was sold at an average price of $19.44, for a total transaction of $166,620.24. Following the sale, the insider now owns 943,317 shares of the company's stock, valued at approximately $18,338,082.48. This represents a 0.90 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders bought 60,869 shares of company stock worth $1,187,983 and sold 128,213 shares worth $2,816,806. 24.34% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on AESI. Pickering Energy Partners lowered Atlas Energy Solutions from an "outperform" rating to a "neutral" rating in a research report on Wednesday, October 30th. Citigroup lowered shares of Atlas Energy Solutions from a "buy" rating to a "neutral" rating and decreased their target price for the company from $23.00 to $22.00 in a research report on Thursday, November 14th. Barclays downgraded shares of Atlas Energy Solutions from an "overweight" rating to an "equal weight" rating and dropped their price target for the stock from $23.00 to $19.00 in a research report on Tuesday, November 12th. The Goldman Sachs Group cut shares of Atlas Energy Solutions from a "buy" rating to a "neutral" rating and decreased their price objective for the company from $23.00 to $21.00 in a report on Thursday, November 7th. Finally, Royal Bank of Canada reissued an "outperform" rating and set a $25.00 target price on shares of Atlas Energy Solutions in a report on Wednesday, October 30th. Four analysts have rated the stock with a hold rating, six have assigned a buy rating and two have assigned a strong buy rating to the company's stock. According to MarketBeat, Atlas Energy Solutions has an average rating of "Moderate Buy" and an average price target of $24.44.

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.