Wellington Management Group LLP Raises Holdings in Atlas Energy Solutions Inc. (NYSE:AESI)

Wellington Management Group LLP grew its holdings in shares of Atlas Energy Solutions Inc. (NYSE:AESI - Free Report) by 7.7% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 855,405 shares of the company's stock after purchasing an additional 61,185 shares during the quarter. Wellington Management Group LLP owned approximately 0.78% of Atlas Energy Solutions worth $18,973,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in the business. CBIZ Investment Advisory Services LLC grew its holdings in Atlas Energy Solutions by 62.9% during the fourth quarter. CBIZ Investment Advisory Services LLC now owns 1,354 shares of the company's stock valued at $30,000 after purchasing an additional 523 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in shares of 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 valued at $979,000 after buying an additional 711 shares during the last quarter. Wilmington Savings Fund Society FSB grew its stake in shares of Atlas Energy Solutions by 8.0% during the 4th quarter. Wilmington Savings Fund Society FSB now owns 14,770 shares of the company's stock worth $328,000 after acquiring an additional 1,100 shares during the period. Global Retirement Partners LLC increased its holdings in Atlas Energy Solutions by 191.9% in the 4th quarter. Global Retirement Partners LLC now owns 1,941 shares of the company's stock worth $43,000 after acquiring an additional 1,276 shares during the last quarter. Finally, FMR LLC raised its stake 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 during the period. 34.59% of the stock is currently owned by institutional investors.

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Insider Activity at Atlas Energy Solutions

In other Atlas Energy Solutions news, major shareholder Gregory M. Shepard acquired 32,155 shares of the stock in a transaction that occurred on Thursday, February 27th. The shares were acquired at an average cost of $19.04 per share, with a total value of $612,231.20. Following the transaction, 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 position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, major shareholder Brian Anthony Leveille sold 7,500 shares of Atlas Energy Solutions stock in a transaction dated Thursday, January 16th. The stock was sold at an average price of $24.00, for a total value of $180,000.00. Following the completion of the sale, the insider now owns 397,010 shares of the company's stock, valued at $9,528,240. The trade was a 1.85 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 35,000 shares of company stock valued at $830,150 in the last three months. Company insiders own 24.34% of the company's stock.

Atlas Energy Solutions Trading Up 2.2 %

Atlas Energy Solutions stock traded up $0.30 during trading hours on Friday, reaching $13.74. The stock had a trading volume of 1,383,309 shares, compared to its average volume of 1,216,450. The company has a fifty day simple moving average of $18.34 and a 200-day simple moving average of $20.76. Atlas Energy Solutions Inc. has a 52 week low of $12.41 and a 52 week high of $26.86. The stock has a market cap of $1.67 billion, a PE ratio of 17.39 and a beta of 1.20. 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 (NYSE:AESI - Get Free Report) last announced its quarterly earnings results on Monday, February 24th. The company reported $0.06 EPS for the quarter, missing analysts' consensus estimates of $0.18 by ($0.12). Atlas Energy Solutions had a return on equity of 11.01% and a net margin of 8.78%. The business had revenue of $271.34 million during the quarter, compared to analysts' expectations of $272.94 million. Analysts forecast that Atlas Energy Solutions Inc. will post 0.83 EPS 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. Investors of record on Friday, February 21st were paid a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 7.28%. This is a positive change from Atlas Energy Solutions's previous quarterly dividend of $0.24. The ex-dividend date of this dividend was Friday, February 21st. Atlas Energy Solutions's dividend payout ratio (DPR) is presently 178.57%.

Analyst Ratings Changes

Several equities analysts have recently weighed in on the company. Raymond James cut Atlas Energy Solutions from a "strong-buy" rating to a "hold" rating in a research report on Monday, January 6th. Piper Sandler initiated coverage on shares of Atlas Energy Solutions in a report on Wednesday, March 12th. They set an "overweight" rating and a $22.00 target price on the stock. Bank of America reissued a "neutral" rating and issued a $22.50 price target on shares of Atlas Energy Solutions in a report on Monday, January 13th. The Goldman Sachs Group decreased their price target on shares of Atlas Energy Solutions from $22.00 to $15.00 and set a "neutral" rating on the stock in a report on Thursday. Finally, Benchmark dropped their price target on Atlas Energy Solutions from $28.00 to $25.00 and set a "buy" rating for the company in a research report on Wednesday, February 26th. Six research 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. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $22.94.

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.