Rhumbline Advisers Has $3.78 Million Stake in Atlas Energy Solutions Inc. (NYSE:AESI)

Rhumbline Advisers grew its stake in Atlas Energy Solutions Inc. (NYSE:AESI - Free Report) by 93.6% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 170,409 shares of the company's stock after buying an additional 82,377 shares during the quarter. Rhumbline Advisers owned 0.15% of Atlas Energy Solutions worth $3,780,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. New York State Teachers Retirement System bought a new stake in Atlas Energy Solutions in the 4th quarter valued at approximately $287,000. Louisiana State Employees Retirement System bought a new stake in shares of Atlas Energy Solutions in the fourth quarter worth $650,000. Wilmington Savings Fund Society FSB boosted its holdings in Atlas Energy Solutions by 8.0% during the fourth 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. Vest Financial LLC grew its position in Atlas Energy Solutions by 75.0% in the fourth quarter. Vest Financial LLC now owns 114,764 shares of the company's stock valued at $2,545,000 after purchasing an additional 49,186 shares in the last quarter. Finally, State of Alaska Department of Revenue bought a new position in Atlas Energy Solutions in the fourth quarter valued at $764,000. 34.59% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, major shareholder Stacy Hock sold 8,571 shares of the business's stock in a transaction that occurred on Wednesday, December 18th. The stock was sold at an average price of $22.55, for a total transaction of $193,276.05. Following the completion of the sale, the insider now owns 917,604 shares in the company, valued at $20,691,970.20. The trade was a 0.93 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, 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 cost of $19.04 per share, for a total transaction of $612,231.20. Following the completion of the transaction, the insider now directly owns 7,651,210 shares of the company's stock, valued at $145,679,038.40. This trade represents a 0.42 % increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last three months, insiders have sold 63,571 shares of company stock worth $1,473,876. Corporate insiders own 24.34% of the company's stock.

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Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on the stock. The Goldman Sachs Group initiated coverage on shares of Atlas Energy Solutions in a research note on Friday, December 13th. They set a "neutral" rating and a $23.00 price objective for the company. Stephens raised their price target 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. Citigroup cut Atlas Energy Solutions from a "buy" rating to a "neutral" rating and dropped their price objective for the stock from $23.00 to $22.00 in a research note on Thursday, November 14th. Bank of America restated a "neutral" rating and set a $22.50 target price on shares of Atlas Energy Solutions in a report on Monday, January 13th. Finally, Barclays decreased 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 report on Monday. Six research 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 company's stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $24.39.

Atlas Energy Solutions Stock Performance

Shares of AESI stock traded up $0.00 on Tuesday, hitting $18.02. The company's stock had a trading volume of 746,564 shares, compared to its average volume of 1,595,682. Atlas Energy Solutions Inc. has a fifty-two week low of $17.26 and a fifty-two week high of $26.86. 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 stock's 50 day moving average is $22.26 and its 200-day moving average is $21.67. The company has a market capitalization of $1.99 billion, a PE ratio of 22.83 and a beta of 1.03.

Atlas Energy Solutions (NYSE:AESI - Get Free Report) last posted its earnings results on Monday, February 24th. The company reported $0.06 EPS for the quarter, missing the consensus estimate of $0.18 by ($0.12). The business 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%. Equities research analysts expect that Atlas Energy Solutions Inc. will post 0.83 earnings per share for the current fiscal year.

Atlas Energy Solutions Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, February 28th. Shareholders of record on Friday, February 21st were paid a $0.25 dividend. 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. This represents a $1.00 annualized dividend and a yield of 5.55%. 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.