Quantbot Technologies LP Acquires New Holdings in Atlas Energy Solutions Inc. (NYSE:AESI)

Quantbot Technologies LP bought a new position in Atlas Energy Solutions Inc. (NYSE:AESI - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 16,259 shares of the company's stock, valued at approximately $361,000.

A number of other institutional investors have also recently bought and sold shares of the stock. CBIZ Investment Advisory Services LLC raised its holdings in shares of 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 purchasing an additional 523 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in Atlas Energy Solutions by 1.6% during the 3rd 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 purchasing an additional 711 shares in the last quarter. Wilmington Savings Fund Society FSB raised its holdings in Atlas Energy Solutions by 8.0% in the fourth quarter. Wilmington Savings Fund Society FSB now owns 14,770 shares of the company's stock valued at $328,000 after buying an additional 1,100 shares during the period. Global Retirement Partners LLC lifted its position in Atlas Energy Solutions by 191.9% during the fourth quarter. Global Retirement Partners LLC now owns 1,941 shares of the company's stock valued at $43,000 after buying an additional 1,276 shares in the last quarter. Finally, FMR LLC lifted its position in 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 buying 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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Atlas Energy Solutions Stock Up 1.9 %

Shares of AESI stock traded up $0.34 during mid-day trading on Wednesday, reaching $18.45. 1,155,994 shares of the company were exchanged, compared to its average volume of 1,164,821. The company has a debt-to-equity ratio of 0.42, a quick ratio of 1.08 and a current ratio of 1.23. The business's 50 day simple moving average is $20.13 and its 200 day simple moving average is $21.27. The company has a market capitalization of $2.25 billion, a P/E ratio of 23.35 and a beta of 1.18. Atlas Energy Solutions Inc. has a fifty-two week low of $16.98 and a fifty-two 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 for the quarter, missing the consensus estimate of $0.18 by ($0.12). The company had revenue of $271.34 million for the quarter, compared to analyst estimates of $272.94 million. Atlas Energy Solutions had a return on equity of 11.01% and a net margin of 8.78%. Research analysts predict 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 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. The ex-dividend date was Friday, February 21st. This represents a $1.00 annualized dividend and a yield of 5.42%. This is a boost from Atlas Energy Solutions's previous quarterly dividend of $0.24. Atlas Energy Solutions's dividend payout ratio is presently 178.57%.

Analysts Set New Price Targets

A number of equities analysts have recently commented on AESI shares. Piper Sandler started coverage on shares of Atlas Energy Solutions in a research note on Wednesday, March 12th. They issued an "overweight" rating and a $22.00 target price on the stock. Benchmark reduced their price objective on Atlas Energy Solutions from $28.00 to $25.00 and set a "buy" rating on the stock in a research note on Wednesday, February 26th. Stephens increased their target price on Atlas Energy Solutions from $28.00 to $29.00 and gave the company an "overweight" rating in a research note on Tuesday, January 28th. The Goldman Sachs Group began coverage on Atlas Energy Solutions in a report on Friday, December 13th. They set a "neutral" rating and a $23.00 target price on the stock. Finally, Raymond James cut Atlas Energy Solutions from a "strong-buy" rating to a "hold" rating in a report on Monday, January 6th. Six 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 company. According to data from MarketBeat.com, Atlas Energy Solutions has a consensus rating of "Moderate Buy" and an average target price of $23.83.

Insiders Place Their Bets

In other news, major shareholder Brian Anthony Leveille sold 12,500 shares of the firm's stock in a transaction dated Monday, January 27th. The shares were sold at an average price of $24.46, for a total value of $305,750.00. Following the transaction, the insider now directly owns 362,010 shares in the company, valued at approximately $8,854,764.60. This trade represents a 3.34 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, major shareholder Stacy Hock sold 10,000 shares of Atlas Energy Solutions stock in a transaction dated Monday, February 3rd. The shares were sold at an average price of $22.50, for a total transaction of $225,000.00. Following the completion of the transaction, the insider now directly owns 897,604 shares of the company's stock, valued at $20,196,090. This trade represents a 1.10 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 50,000 shares of company stock valued at $1,164,750 in the last quarter. Insiders own 24.34% of the company's stock.

About Atlas Energy Solutions

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.