Cumberland Partners Ltd Boosts Stake in Atlas Energy Solutions Inc. (NYSE:AESI)

Cumberland Partners Ltd boosted its position in shares of Atlas Energy Solutions Inc. (NYSE:AESI - Free Report) by 20.3% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 139,900 shares of the company's stock after buying an additional 23,600 shares during the quarter. Cumberland Partners Ltd owned approximately 0.13% of Atlas Energy Solutions worth $3,103,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. Global Retirement Partners LLC increased its position in shares of Atlas Energy Solutions by 191.9% in the fourth quarter. Global Retirement Partners LLC now owns 1,941 shares of the company's stock valued at $43,000 after acquiring an additional 1,276 shares during the period. Quest Partners LLC purchased a new position in Atlas Energy Solutions during the 3rd quarter valued at about $48,000. FMR LLC raised its position in Atlas Energy Solutions by 101.0% during the 3rd 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 last quarter. CWM LLC lifted its holdings in Atlas Energy Solutions by 47.1% in the 3rd quarter. CWM LLC now owns 2,766 shares of the company's stock worth $60,000 after buying an additional 886 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank grew its position in shares of Atlas Energy Solutions by 55.2% in 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 last quarter. Hedge funds and other institutional investors own 34.59% of the company's stock.

Atlas Energy Solutions Stock Down 4.8 %

Shares of AESI traded down $1.03 during trading hours on Friday, hitting $20.53. The company had a trading volume of 953,152 shares, compared to its average volume of 1,559,423. Atlas Energy Solutions Inc. has a 52-week low of $17.49 and a 52-week high of $26.86. The firm has a fifty day moving average price of $22.61 and a 200-day moving average price of $21.64. The stock has a market capitalization of $2.26 billion, a price-to-earnings ratio of 26.06 and a beta of 1.03. The company has a debt-to-equity ratio of 0.42, a quick ratio of 1.08 and a current ratio of 1.23.

Atlas Energy Solutions Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, February 28th. Investors of record on Friday, February 21st will be given a dividend of $0.25 per share. The ex-dividend date is Friday, February 21st. This represents a $1.00 annualized dividend and a dividend yield of 4.87%. This is an increase from Atlas Energy Solutions's previous quarterly dividend of $0.24. Atlas Energy Solutions's dividend payout ratio (DPR) is 121.52%.

Insider Buying and Selling

In other news, major shareholder Brian Anthony Leveille sold 12,500 shares of the firm's stock in a transaction dated Tuesday, December 3rd. The shares were sold at an average price of $23.95, for a total transaction of $299,375.00. Following the sale, the insider now owns 419,510 shares of the company's stock, valued at $10,047,264.50. This trade represents a 2.89 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, major shareholder Stacy Hock sold 10,000 shares of Atlas Energy Solutions stock in a transaction that occurred on Friday, January 10th. The stock was sold at an average price of $21.96, for a total transaction of $219,600.00. Following the completion of the sale, the insider now owns 907,604 shares of the company's stock, valued at $19,930,983.84. This represents a 1.09 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 106,071 shares of company stock worth $2,493,851 in the last three months. Insiders own 24.34% of the company's stock.

Analysts Set New Price Targets

A number of analysts recently commented on AESI shares. Raymond James lowered Atlas Energy Solutions from a "strong-buy" rating to a "hold" rating in a research note on Monday, January 6th. Stephens lifted their target price on shares of Atlas Energy Solutions from $28.00 to $29.00 and gave the company an "overweight" rating in a research note on Tuesday, January 28th. Citigroup lowered shares of Atlas Energy Solutions from a "buy" rating to a "neutral" rating and lowered their price objective for the stock from $23.00 to $22.00 in a report on Thursday, November 14th. Bank of America reiterated a "neutral" rating and set a $22.50 target price on shares of Atlas Energy Solutions in a report on Monday, January 13th. Finally, Pickering Energy Partners cut Atlas Energy Solutions from an "outperform" rating to a "neutral" rating in a research note on Wednesday, October 30th. Six 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 stock. According to data from MarketBeat.com, Atlas Energy Solutions presently has an average rating of "Moderate Buy" and a consensus price target of $25.50.

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.