Atlas Energy Solutions Inc. (NYSE:AESI) Position Raised by Barclays PLC

Barclays PLC grew its stake in shares of Atlas Energy Solutions Inc. (NYSE:AESI - Free Report) by 574.5% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 175,082 shares of the company's stock after purchasing an additional 149,126 shares during the quarter. Barclays PLC owned 0.16% of Atlas Energy Solutions worth $3,817,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently modified their holdings of AESI. Amalgamated Bank boosted its stake in shares of Atlas Energy Solutions by 328.1% in the second quarter. Amalgamated Bank now owns 2,350 shares of the company's stock valued at $47,000 after purchasing an additional 1,801 shares during the period. Quest Partners LLC purchased a new position in Atlas Energy Solutions in the 3rd quarter valued at about $48,000. FMR LLC grew 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 acquiring an additional 1,355 shares in the last quarter. CWM LLC increased its position in shares of Atlas Energy Solutions by 47.1% during the third quarter. CWM LLC now owns 2,766 shares of the company's stock worth $60,000 after acquiring an additional 886 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank acquired a new position in shares of Atlas Energy Solutions in the second quarter worth about $74,000. Hedge funds and other institutional investors own 34.59% of the company's stock.

Analyst Ratings Changes

A number of equities research analysts have weighed in on the company. The Goldman Sachs Group initiated coverage on Atlas Energy Solutions in a research note on Friday, December 13th. They set a "neutral" rating and a $23.00 price objective for the company. Pickering Energy Partners downgraded shares of Atlas Energy Solutions from an "outperform" rating to a "neutral" rating in a research note on Wednesday, October 30th. Barclays downgraded shares of Atlas Energy Solutions from an "overweight" rating to an "equal weight" rating and dropped their target price for the stock from $23.00 to $19.00 in a research report on Tuesday, November 12th. Citigroup cut shares of Atlas Energy Solutions from a "buy" rating to a "neutral" rating and reduced their price target for the stock from $23.00 to $22.00 in a research report on Thursday, November 14th. Finally, Royal Bank of Canada reissued an "outperform" rating and issued a $25.00 price objective on shares of Atlas Energy Solutions in a report on Wednesday, October 30th. Four research 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, the company has an average rating of "Moderate Buy" and an average price target of $24.67.

Atlas Energy Solutions Stock Performance

Shares of NYSE:AESI traded up $0.27 during trading on Monday, hitting $21.71. 769,371 shares of the company traded hands, compared to its average volume of 967,590. The company has a quick ratio of 1.08, a current ratio of 1.23 and a debt-to-equity ratio of 0.42. The business's fifty day moving average is $21.47 and its 200-day moving average is $20.96. The stock has a market capitalization of $2.39 billion, a price-to-earnings ratio of 27.48, a PEG ratio of 11.53 and a beta of 0.96. Atlas Energy Solutions Inc. has a one year low of $15.55 and a one year high of $24.93.

Atlas Energy Solutions (NYSE:AESI - Get Free Report) last issued its quarterly earnings data on Monday, October 28th. The company reported $0.04 EPS for the quarter, missing analysts' consensus estimates of $0.29 by ($0.25). The company had revenue of $304.40 million for the quarter, compared to the consensus estimate of $307.93 million. Atlas Energy Solutions had a return on equity of 11.01% and a net margin of 8.78%. Atlas Energy Solutions's quarterly revenue was up 93.1% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.51 earnings per share. As a group, equities analysts predict 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 disclosed a quarterly dividend, which was paid on Thursday, November 14th. Investors of record on Thursday, November 7th were given a $0.24 dividend. The ex-dividend date was Thursday, November 7th. This is an increase from Atlas Energy Solutions's previous quarterly dividend of $0.23. This represents a $0.96 annualized dividend and a yield of 4.42%. Atlas Energy Solutions's dividend payout ratio (DPR) is currently 121.52%.

Insider Activity at Atlas Energy Solutions

In other news, major shareholder Brian Anthony Leveille sold 10,000 shares of the firm's stock in a transaction on Monday, October 14th. The stock was sold at an average price of $20.50, for a total transaction of $205,000.00. Following the transaction, the insider now directly owns 542,010 shares of the company's stock, valued at approximately $11,111,205. This trade represents a 1.81 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, major shareholder Gregory M. Shepard acquired 1,797 shares of the business's stock in a transaction that occurred on Friday, October 18th. The shares were bought at an average price of $19.65 per share, for a total transaction of $35,311.05. Following the completion of the purchase, the insider now owns 7,507,194 shares of the company's stock, valued at approximately $147,516,362.10. This represents a 0.02 % increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last ninety days, insiders have bought 60,869 shares of company stock worth $1,187,983 and have sold 133,213 shares worth $2,959,311. 24.34% of the stock is currently owned by insiders.

Atlas Energy Solutions 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.