Atlas Energy Solutions Inc. (NYSE:AESI) Stock Position Raised by Sei Investments Co.

Sei Investments Co. raised its position in shares of Atlas Energy Solutions Inc. (NYSE:AESI - Free Report) by 15.5% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 213,857 shares of the company's stock after buying an additional 28,639 shares during the quarter. Sei Investments Co. owned about 0.19% of Atlas Energy Solutions worth $4,744,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of AESI. Copeland Capital Management LLC increased its holdings in shares of Atlas Energy Solutions by 19.3% in the 4th quarter. Copeland Capital Management LLC now owns 2,247,774 shares of the company's stock valued at $49,856,000 after acquiring an additional 363,742 shares during the last quarter. State Street Corp boosted its holdings in Atlas Energy Solutions by 15.0% in the third quarter. State Street Corp now owns 1,751,059 shares of the company's stock worth $38,173,000 after purchasing an additional 227,776 shares during the period. Geode Capital Management LLC increased its stake in Atlas Energy Solutions by 3.9% during the third quarter. Geode Capital Management LLC now owns 1,448,340 shares of the company's stock valued at $31,579,000 after purchasing an additional 54,321 shares during the last quarter. Bank of New York Mellon Corp raised its holdings in shares of Atlas Energy Solutions by 75.5% during the fourth quarter. Bank of New York Mellon Corp now owns 835,683 shares of the company's stock worth $18,535,000 after purchasing an additional 359,420 shares during the period. Finally, Wellington Management Group LLP bought a new position in shares of Atlas Energy Solutions in the 3rd quarter worth about $17,314,000. Institutional investors own 34.59% of the company's stock.

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Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on AESI. Stephens boosted their price objective 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. 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. The Goldman Sachs Group started coverage on Atlas Energy Solutions in a report on Friday, December 13th. They issued a "neutral" rating and a $23.00 price target on the stock. Royal Bank of Canada restated an "outperform" rating and set a $25.00 price objective on shares of Atlas Energy Solutions in a research report on Wednesday, April 2nd. Finally, Raymond James lowered Atlas Energy Solutions from a "strong-buy" rating to a "hold" rating in a research report on Monday, January 6th. Six investment analysts have rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $23.83.

Insider Buying and Selling

In other Atlas Energy Solutions news, major shareholder Gregory M. Shepard purchased 32,155 shares of the business's stock in a transaction on 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 acquisition, the insider now owns 7,651,210 shares of the company's stock, valued at $145,679,038.40. The trade was a 0.42 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, major shareholder Stacy Hock sold 10,000 shares of Atlas Energy Solutions stock in a transaction that occurred on Friday, January 10th. The stock was sold at an average price of $21.96, for a total transaction of $219,600.00. Following the completion of the transaction, the insider now directly owns 907,604 shares in the company, valued at $19,930,983.84. This represents a 1.09 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 45,000 shares of company stock valued at $1,049,750 over the last quarter. Corporate insiders own 24.34% of the company's stock.

Atlas Energy Solutions Stock Performance

Shares of NYSE:AESI traded up $0.05 on Monday, hitting $13.85. The company's stock had a trading volume of 2,891,246 shares, compared to its average volume of 1,186,233. The company has a market capitalization of $1.69 billion, a price-to-earnings ratio of 17.53 and a beta of 1.20. The company has a debt-to-equity ratio of 0.42, a quick ratio of 1.08 and a current ratio of 1.23. Atlas Energy Solutions Inc. has a 12 month low of $12.81 and a 12 month high of $26.86. The stock's 50-day moving average is $19.55 and its two-hundred day moving average is $21.12.

Atlas Energy Solutions (NYSE:AESI - Get Free Report) last posted 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 during 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%. On average, equities research analysts forecast that Atlas Energy Solutions Inc. will post 0.83 EPS for the current year.

Atlas Energy Solutions Increases Dividend

The business also recently disclosed 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 represents a $1.00 dividend on an annualized basis and a dividend yield of 7.22%. 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 dividend payout ratio (DPR) is currently 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.