Atom Investors LP Sells 34,738 Shares of Atlas Energy Solutions Inc. (NYSE:AESI)

Atom Investors LP reduced its position in shares of Atlas Energy Solutions Inc. (NYSE:AESI - Free Report) by 44.8% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 42,769 shares of the company's stock after selling 34,738 shares during the period. Atom Investors LP's holdings in Atlas Energy Solutions were worth $932,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in AESI. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in Atlas Energy Solutions by 1.6% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 44,931 shares of the company's stock valued at $979,000 after acquiring an additional 711 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its position in shares of Atlas Energy Solutions by 55.2% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,745 shares of the company's stock worth $125,000 after buying an additional 2,043 shares during the period. FORA Capital LLC acquired a new stake in shares of Atlas Energy Solutions during the 3rd quarter worth approximately $274,000. BNP Paribas Financial Markets grew its position in shares of Atlas Energy Solutions by 69.3% during the 3rd quarter. BNP Paribas Financial Markets now owns 34,438 shares of the company's stock worth $751,000 after buying an additional 14,093 shares during the period. Finally, FMR LLC grew its position in shares of Atlas Energy Solutions by 101.0% during the 3rd quarter. FMR LLC now owns 2,696 shares of the company's stock worth $59,000 after buying an additional 1,355 shares during the period. 34.59% of the stock is owned by institutional investors.

Insider Buying and Selling at Atlas Energy Solutions

In other news, major shareholder Stacy Hock sold 8,571 shares of the firm's stock in a transaction that occurred on Thursday, October 3rd. The shares were sold at an average price of $21.49, for a total transaction of $184,190.79. Following the completion of the sale, the insider now owns 934,746 shares of the company's stock, valued at $20,087,691.54. This trade represents a 0.91 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Also, major shareholder Brian Anthony Leveille sold 30,000 shares of the firm's stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of $24.02, for a total transaction of $720,600.00. Following the sale, the insider now directly owns 432,010 shares of the company's stock, valued at approximately $10,376,880.20. This trade represents a 6.49 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders bought 60,869 shares of company stock valued at $1,187,983 and sold 115,713 shares valued at $2,517,431. Insiders own 24.34% of the company's stock.

Atlas Energy Solutions Price Performance

AESI traded down $0.54 on Wednesday, hitting $23.47. 997,357 shares of the stock were exchanged, compared to its average volume of 961,451. Atlas Energy Solutions Inc. has a 12 month low of $15.55 and a 12 month high of $24.93. The business has a 50-day moving average of $21.28 and a two-hundred day moving average of $21.06. 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 firm has a market capitalization of $2.59 billion, a price-to-earnings ratio of 29.71, a PEG ratio of 11.85 and a beta of 0.96.

Atlas Energy Solutions (NYSE:AESI - Get Free Report) last issued its quarterly earnings data on Monday, October 28th. The company reported $0.04 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.29 by ($0.25). The business had revenue of $304.40 million during the quarter, compared to the consensus estimate of $307.93 million. Atlas Energy Solutions had a net margin of 8.78% and a return on equity of 11.01%. The firm's quarterly revenue was up 93.1% compared to the same quarter last year. During the same quarter last year, the business earned $0.51 EPS. Sell-side analysts forecast that Atlas Energy Solutions Inc. will post 0.88 EPS for the current fiscal year.

Atlas Energy Solutions Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, November 14th. Shareholders of record on Thursday, November 7th were given a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a yield of 4.09%. The ex-dividend date was Thursday, November 7th. This is an increase from Atlas Energy Solutions's previous quarterly dividend of $0.23. Atlas Energy Solutions's dividend payout ratio is currently 121.52%.

Analysts Set New Price Targets

AESI has been the subject of several analyst reports. Citigroup cut shares of Atlas Energy Solutions from a "buy" rating to a "neutral" rating and lowered their price target for the stock from $23.00 to $22.00 in a research report on Thursday, November 14th. Royal Bank of Canada reiterated an "outperform" rating and issued a $25.00 price objective on shares of Atlas Energy Solutions in a report on Wednesday, October 30th. The Goldman Sachs Group downgraded 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. Pickering Energy Partners downgraded shares of Atlas Energy Solutions from an "outperform" rating to a "neutral" rating in a report on Wednesday, October 30th. Finally, Stephens restated an "overweight" rating and issued a $28.00 price target on shares of Atlas Energy Solutions in a research note on Tuesday, August 6th. Four investment analysts have rated the stock with a hold rating, six have assigned a buy rating and two have given a strong buy rating to the company. According to MarketBeat.com, the stock currently 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.