Victory Capital Management Inc. Lowers Position in Atlas Energy Solutions Inc. (NYSE:AESI)

Victory Capital Management Inc. reduced its stake in shares of Atlas Energy Solutions Inc. (NYSE:AESI - Free Report) by 17.9% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,088,538 shares of the company's stock after selling 237,054 shares during the period. Victory Capital Management Inc. owned 0.99% of Atlas Energy Solutions worth $24,144,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in AESI. Stifel Financial Corp boosted its stake in Atlas Energy Solutions by 28.6% during the third quarter. Stifel Financial Corp now owns 126,667 shares of the company's stock worth $2,761,000 after buying an additional 28,158 shares during the last quarter. Louisiana State Employees Retirement System acquired a new position in shares of Atlas Energy Solutions during the 4th quarter valued at about $650,000. Hodges Capital Management Inc. grew its holdings in shares of Atlas Energy Solutions by 44.7% in the fourth quarter. Hodges Capital Management Inc. now owns 194,000 shares of the company's stock valued at $4,302,000 after purchasing an additional 59,940 shares during the period. Charles Schwab Investment Management Inc. increased its position in Atlas Energy Solutions by 5.3% during the third quarter. Charles Schwab Investment Management Inc. now owns 518,569 shares of the company's stock worth $11,305,000 after purchasing an additional 25,999 shares during the last quarter. Finally, Copeland Capital Management LLC raised its stake in Atlas Energy Solutions by 19.3% during the fourth quarter. Copeland Capital Management LLC now owns 2,247,774 shares of the company's stock worth $49,856,000 after purchasing an additional 363,742 shares during the period. 34.59% of the stock is currently owned by hedge funds and other institutional investors.

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Atlas Energy Solutions Stock Up 2.4 %

Shares of Atlas Energy Solutions stock traded up $0.42 during trading hours on Wednesday, hitting $17.89. The company had a trading volume of 552,502 shares, compared to its average volume of 1,588,699. 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 Inc. has a twelve month low of $16.98 and a twelve month high of $26.86. The company has a market cap of $2.18 billion, a P/E ratio of 22.65 and a beta of 1.18. The company's 50-day moving average is $21.70 and its two-hundred day moving average is $21.56.

Atlas Energy Solutions (NYSE:AESI - Get Free Report) last released its quarterly 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). The firm had revenue of $271.34 million for the quarter, compared to analysts' expectations of $272.94 million. Atlas Energy Solutions had a return on equity of 11.01% and a net margin of 8.78%. Analysts anticipate 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 disclosed a quarterly dividend, which was paid on Friday, February 28th. Shareholders of record on Friday, February 21st were given a dividend of $0.25 per share. This is an increase from Atlas Energy Solutions's previous quarterly dividend of $0.24. This represents a $1.00 annualized dividend and a yield of 5.59%. The ex-dividend date was Friday, February 21st. Atlas Energy Solutions's dividend payout ratio (DPR) is presently 178.57%.

Insider Buying and Selling at Atlas Energy Solutions

In other Atlas Energy Solutions news, major shareholder Brian Anthony Leveille sold 12,500 shares of the stock in a transaction that occurred on Monday, January 27th. The stock was sold at an average price of $24.46, for a total transaction of $305,750.00. Following the completion of the sale, the insider now directly owns 362,010 shares of the company's stock, valued at approximately $8,854,764.60. This trade represents a 3.34 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, major shareholder Stacy Hock sold 8,571 shares of Atlas Energy Solutions stock in a transaction that occurred on Wednesday, December 18th. The shares were sold at an average price of $22.55, for a total value of $193,276.05. Following the completion of the transaction, the insider now owns 917,604 shares in the company, valued at $20,691,970.20. This trade represents a 0.93 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 63,571 shares of company stock worth $1,473,876. 24.34% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on AESI shares. Royal Bank of Canada dropped their price target on shares of Atlas Energy Solutions from $28.00 to $25.00 and set an "outperform" rating for the company in a research note on Wednesday, February 26th. Stephens raised their target price 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. Piper Sandler began coverage on Atlas Energy Solutions in a research note on Wednesday. They issued an "overweight" rating and a $22.00 price target on the stock. Bank of America restated a "neutral" rating and issued a $22.50 price objective on shares of Atlas Energy Solutions in a report on Monday, January 13th. Finally, Citigroup downgraded Atlas Energy Solutions from a "buy" rating to a "neutral" rating and cut their price objective for the company from $23.00 to $22.00 in a report on Thursday, November 14th. Six analysts have rated the stock with a hold rating, five have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, Atlas Energy Solutions presently has an average rating of "Moderate Buy" and a consensus target price of $23.83.

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.