Evergreen Capital Management LLC Cuts Position in Atlas Energy Solutions Inc. (NYSE:AESI)

Evergreen Capital Management LLC trimmed its holdings in shares of Atlas Energy Solutions Inc. (NYSE:AESI - Free Report) by 8.6% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 931,550 shares of the company's stock after selling 88,180 shares during the period. Atlas Energy Solutions comprises approximately 0.7% of Evergreen Capital Management LLC's investment portfolio, making the stock its 26th largest holding. Evergreen Capital Management LLC owned 0.85% of Atlas Energy Solutions worth $20,662,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in AESI. CBIZ Investment Advisory Services LLC boosted its holdings in Atlas Energy Solutions by 62.9% in the 4th quarter. CBIZ Investment Advisory Services LLC now owns 1,354 shares of the company's stock worth $30,000 after buying an additional 523 shares during the period. Global Retirement Partners LLC lifted its position in shares of Atlas Energy Solutions by 191.9% during the fourth 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. Promus Capital LLC bought a new position in shares of Atlas Energy Solutions in the fourth quarter worth $55,000. FMR LLC grew its position in shares of Atlas Energy Solutions by 101.0% in 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. Finally, KLP Kapitalforvaltning AS bought a new stake in shares of Atlas Energy Solutions during the 4th quarter valued at $155,000. 34.59% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research analysts have weighed in on the company. Raymond James lowered Atlas Energy Solutions from a "strong-buy" rating to a "hold" rating in a report on Monday, January 6th. Bank of America reaffirmed a "neutral" rating and set a $22.50 target price on shares of Atlas Energy Solutions in a report on Monday, January 13th. Stephens boosted their price target on shares of Atlas Energy Solutions from $28.00 to $29.00 and gave the company an "overweight" rating in a research report on Tuesday, January 28th. Barclays lowered their price objective on Atlas Energy Solutions from $23.00 to $19.00 and set an "equal weight" rating on the stock in a research report on Monday, March 3rd. Finally, Royal Bank of Canada restated an "outperform" rating and set a $25.00 target price on shares of Atlas Energy Solutions in a research report on Wednesday, April 2nd. Six equities research analysts have rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $22.44.

Insiders Place Their Bets

In related news, major shareholder Gregory M. Shepard acquired 32,155 shares of the firm's stock in a transaction dated Thursday, February 27th. The stock was purchased at an average cost of $19.04 per share, with a total value of $612,231.20. Following the completion of the acquisition, the insider now directly owns 7,651,210 shares of the company's stock, valued at approximately $145,679,038.40. This trade represents a 0.42 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, major shareholder Stacy Hock sold 10,000 shares of Atlas Energy Solutions stock in a transaction on Monday, February 3rd. The stock was sold at an average price of $22.50, for a total transaction of $225,000.00. Following the transaction, the insider now owns 897,604 shares in the company, valued at $20,196,090. This represents a 1.10 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 27,500 shares of company stock valued at $650,150. 24.34% of the stock is currently owned by corporate insiders.

Atlas Energy Solutions Trading Up 3.4 %

Atlas Energy Solutions stock traded up $0.46 during trading hours on Friday, reaching $14.12. The company had a trading volume of 993,147 shares, compared to its average volume of 1,235,573. The firm has a market cap of $1.72 billion, a price-to-earnings ratio of 17.87 and a beta of 1.20. Atlas Energy Solutions Inc. has a 12-month low of $12.41 and a 12-month high of $26.86. 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 company has a 50-day moving average price of $17.55 and a 200 day moving average price of $20.49.

Atlas Energy Solutions (NYSE:AESI - Get Free Report) last announced its quarterly earnings results on Monday, February 24th. The company reported $0.06 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.18 by ($0.12). The firm had revenue of $271.34 million during the quarter, compared to the consensus estimate of $272.94 million. Atlas Energy Solutions had a return on equity of 11.01% and a net margin of 8.78%. Equities analysts forecast that Atlas Energy Solutions Inc. will post 0.83 earnings per share for the current year.

Atlas Energy Solutions Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 28th. Shareholders of record on Friday, February 21st were paid a dividend of $0.25 per share. This is a boost from Atlas Energy Solutions's previous quarterly dividend of $0.24. The ex-dividend date was Friday, February 21st. This represents a $1.00 dividend on an annualized basis and a yield of 7.08%. Atlas Energy Solutions's payout ratio is presently 178.57%.

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.