Oregon Public Employees Retirement Fund Invests $317,000 in Atlas Energy Solutions Inc. (NYSE:AESI)

Oregon Public Employees Retirement Fund purchased a new position in Atlas Energy Solutions Inc. (NYSE:AESI - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 14,300 shares of the company's stock, valued at approximately $317,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in AESI. Global Retirement Partners LLC lifted its stake 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 worth $43,000 after buying an additional 1,276 shares in the last quarter. Quest Partners LLC bought a new position in Atlas Energy Solutions in the 3rd quarter valued at approximately $48,000. FMR LLC lifted its position in Atlas Energy Solutions by 101.0% in the 3rd 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. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in Atlas Energy Solutions by 55.2% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,745 shares of the company's stock valued at $125,000 after purchasing an additional 2,043 shares during the last quarter. Finally, Emerald Advisers LLC increased its holdings in shares of Atlas Energy Solutions by 28.4% in the 3rd quarter. Emerald Advisers LLC now owns 10,850 shares of the company's stock worth $237,000 after purchasing an additional 2,400 shares in the last quarter. Hedge funds and other institutional investors own 34.59% of the company's stock.

Insider Activity at Atlas Energy Solutions

In related news, major shareholder Gregory M. Shepard bought 32,155 shares of the stock in a transaction dated Thursday, February 27th. The shares were purchased at an average price of $19.04 per share, with a total value of $612,231.20. Following the completion of the acquisition, the insider now owns 7,651,210 shares of the company's stock, valued at $145,679,038.40. This represents a 0.42 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, major shareholder Brian Anthony Leveille sold 12,500 shares of the firm's stock in a transaction on Monday, January 27th. The shares were sold at an average price of $24.46, for a total transaction of $305,750.00. Following the transaction, the insider now directly owns 362,010 shares of the company's stock, valued at $8,854,764.60. The trade was a 3.34 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 63,571 shares of company stock worth $1,473,876. 24.34% of the stock is owned by corporate insiders.

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Wall Street Analysts Forecast Growth

AESI has been the topic of several recent analyst reports. Raymond James cut Atlas Energy Solutions from a "strong-buy" rating to a "hold" rating in a research report on Monday, January 6th. Benchmark reduced their price target on shares of Atlas Energy Solutions from $28.00 to $25.00 and set a "buy" rating for the company in a research note on Wednesday, February 26th. Barclays lowered their price objective on shares of Atlas Energy Solutions from $23.00 to $19.00 and set an "equal weight" rating on the stock in a research report on Monday. Bank of America reaffirmed a "neutral" rating and issued a $22.50 target price on shares of Atlas Energy Solutions in a research report on Monday, January 13th. Finally, Stephens increased their price target on Atlas Energy Solutions from $28.00 to $29.00 and gave the company an "overweight" rating in a report on Tuesday, January 28th. Six analysts have rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $24.39.

Atlas Energy Solutions Stock Performance

NYSE AESI traded down $0.27 on Thursday, hitting $17.26. 556,733 shares of the company traded hands, compared to its average volume of 1,593,746. The company has a current ratio of 1.23, a quick ratio of 1.08 and a debt-to-equity ratio of 0.42. The business's 50 day moving average price is $22.07 and its 200-day moving average price is $21.63. The company has a market capitalization of $1.90 billion, a price-to-earnings ratio of 21.85 and a beta of 1.18. Atlas Energy Solutions Inc. has a 52-week low of $16.98 and a 52-week high of $26.86.

Atlas Energy Solutions (NYSE:AESI - Get Free Report) last announced its quarterly earnings data 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 net margin of 8.78% and a return on equity of 11.01%. The company had revenue of $271.34 million for the quarter, compared to the consensus estimate of $272.94 million. Equities analysts expect that Atlas Energy Solutions Inc. will post 0.83 earnings per share for the current year.

Atlas Energy Solutions Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, February 28th. Investors 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 dividend yield of 5.79%. Atlas Energy Solutions's payout ratio is 178.57%.

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.