Kennedy Capital Management LLC Grows Holdings in Atlas Energy Solutions Inc. (NYSE:AESI)

Kennedy Capital Management LLC grew its holdings in shares of Atlas Energy Solutions Inc. (NYSE:AESI - Free Report) by 22.6% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 458,769 shares of the company's stock after purchasing an additional 84,557 shares during the quarter. Kennedy Capital Management LLC owned about 0.42% of Atlas Energy Solutions worth $10,175,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of AESI. CBIZ Investment Advisory Services LLC raised its holdings in shares of Atlas Energy Solutions by 62.9% during the fourth quarter. CBIZ Investment Advisory Services LLC now owns 1,354 shares of the company's stock valued at $30,000 after acquiring an additional 523 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in shares of Atlas Energy Solutions by 1.6% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 44,931 shares of the company's stock worth $979,000 after acquiring an additional 711 shares during the last quarter. Wilmington Savings Fund Society FSB raised its position in shares of Atlas Energy Solutions by 8.0% in the 4th quarter. Wilmington Savings Fund Society FSB now owns 14,770 shares of the company's stock worth $328,000 after purchasing an additional 1,100 shares during the last quarter. Global Retirement Partners LLC grew its position in Atlas Energy Solutions by 191.9% during the 4th quarter. Global Retirement Partners LLC now owns 1,941 shares of the company's stock valued at $43,000 after purchasing an additional 1,276 shares during the last quarter. Finally, FMR LLC increased its stake 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 in the last quarter. 34.59% of the stock is currently owned by hedge funds and other institutional investors.

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Insider Activity

In other news, major shareholder Gregory M. Shepard bought 32,155 shares of the stock in a transaction dated Thursday, February 27th. The stock was bought at an average cost of $19.04 per share, with a total value of $612,231.20. Following the purchase, the insider now owns 7,651,210 shares of the company's stock, valued at approximately $145,679,038.40. This represents a 0.42 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available at the SEC website. Also, major shareholder Stacy Hock sold 10,000 shares of the firm's stock in a transaction on Monday, February 3rd. The stock was sold at an average price of $22.50, for a total value of $225,000.00. Following the sale, the insider now directly owns 897,604 shares in the company, valued at $20,196,090. The trade was a 1.10 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 35,000 shares of company stock valued at $830,150 over the last 90 days. 24.34% of the stock is currently owned by company insiders.

Atlas Energy Solutions Trading Up 5.1 %

AESI stock traded up $0.68 during midday trading on Wednesday, reaching $14.06. 1,238,662 shares of the company's stock traded hands, compared to its average volume of 1,714,887. The business has a 50-day moving average price of $18.01 and a two-hundred day moving average price of $20.65. The company has a market capitalization of $1.71 billion, a P/E ratio of 17.80 and a beta of 1.20. Atlas Energy Solutions Inc. has a fifty-two week low of $12.41 and a fifty-two week 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.

Atlas Energy Solutions (NYSE:AESI - Get Free Report) last issued its 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). Atlas Energy Solutions had a return on equity of 11.01% and a net margin of 8.78%. The business had revenue of $271.34 million during the quarter, compared to the consensus estimate of $272.94 million. Equities research analysts forecast that Atlas Energy Solutions Inc. will post 0.83 EPS for the current fiscal year.

Atlas Energy Solutions Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 28th. Investors of record on Friday, February 21st were paid a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 7.11%. The ex-dividend date of this dividend was Friday, February 21st. This is a positive change from Atlas Energy Solutions's previous quarterly dividend of $0.24. Atlas Energy Solutions's payout ratio is presently 178.57%.

Analyst Upgrades and Downgrades

Several research firms have recently commented on AESI. Bank of America reaffirmed a "neutral" rating and set a $22.50 price target on shares of Atlas Energy Solutions in a research report on Monday, January 13th. Royal Bank of Canada reaffirmed an "outperform" rating and set a $25.00 price objective on shares of Atlas Energy Solutions in a report on Wednesday, April 2nd. The Goldman Sachs Group reduced their price objective on Atlas Energy Solutions from $22.00 to $15.00 and set a "neutral" rating on the stock in a research note on Thursday, April 10th. Stephens raised their price target on Atlas Energy Solutions from $28.00 to $29.00 and gave the stock an "overweight" rating in a research note on Tuesday, January 28th. Finally, Benchmark lowered their target price on Atlas Energy Solutions from $28.00 to $25.00 and set a "buy" rating for the company in a report on Wednesday, February 26th. Six research analysts have rated the stock with a hold rating, five have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $22.94.

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.