Goldman Sachs Group Inc. Has $19.56 Million Stake in Atlas Energy Solutions Inc. (NYSE:AESI)

Goldman Sachs Group Inc. boosted its holdings in shares of Atlas Energy Solutions Inc. (NYSE:AESI) by 127.7% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 1,136,136 shares of the company’s stock after buying an additional 637,249 shares during the period. Goldman Sachs Group Inc.’s holdings in Atlas Energy Solutions were worth $19,564,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of AESI. Jump Financial LLC acquired a new stake in shares of Atlas Energy Solutions in the fourth quarter valued at about $1,163,000. Charles Schwab Investment Management Inc. grew its position in shares of Atlas Energy Solutions by 154.5% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 336,324 shares of the company’s stock valued at $5,791,000 after purchasing an additional 204,176 shares during the last quarter. Palogic Value Management L.P. acquired a new stake in shares of Atlas Energy Solutions in the fourth quarter valued at about $1,464,000. Venturi Wealth Management LLC acquired a new stake in shares of Atlas Energy Solutions in the fourth quarter valued at about $27,963,000. Finally, Edge Capital Group LLC lifted its stake in shares of Atlas Energy Solutions by 404.5% in the fourth quarter. Edge Capital Group LLC now owns 66,674 shares of the company’s stock valued at $1,148,000 after buying an additional 53,459 shares during the period. 34.59% of the stock is owned by institutional investors and hedge funds.

Atlas Energy Solutions Stock Down 2.9 %

Shares of AESI opened at $19.61 on Thursday. The stock has a market cap of $1.96 billion, a price-to-earnings ratio of 10.89, a P/E/G ratio of 2.93 and a beta of 0.73. The company has a quick ratio of 2.05, a current ratio of 2.24 and a debt-to-equity ratio of 0.43. Atlas Energy Solutions Inc. has a 12 month low of $15.55 and a 12 month high of $24.93. The company has a 50-day moving average price of $22.19 and a two-hundred day moving average price of $20.13.

Atlas Energy Solutions (NYSE:AESI) last announced its quarterly earnings results on Monday, May 6th. The company reported $0.26 EPS for the quarter, missing analysts’ consensus estimates of $0.38 by ($0.12). The business had revenue of $192.67 million for the quarter, compared to the consensus estimate of $196.39 million. Atlas Energy Solutions had a return on equity of 29.56% and a net margin of 19.98%. The firm’s revenue for the quarter was up 25.6% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.03 EPS. Equities analysts predict that Atlas Energy Solutions Inc. will post 2.02 EPS for the current fiscal year.

Atlas Energy Solutions Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, May 23rd. Stockholders of record on Thursday, May 16th were paid a $0.22 dividend. The ex-dividend date of this dividend was Wednesday, May 15th. This represents a $0.88 dividend on an annualized basis and a dividend yield of 4.49%. This is a boost from Atlas Energy Solutions’s previous quarterly dividend of $0.21. Atlas Energy Solutions’s payout ratio is 35.56%.

Analyst Ratings Changes

Several research firms recently weighed in on AESI. Barclays increased their target price on shares of Atlas Energy Solutions from $23.00 to $26.00 and gave the company an “overweight” rating in a research note on Tuesday, March 5th. Tudor Pickering upgraded shares of Atlas Energy Solutions to a “strong-buy” rating in a research note on Monday. Raymond James increased their target price on shares of Atlas Energy Solutions from $26.00 to $27.00 and gave the company a “strong-buy” rating in a research note on Tuesday, April 16th. Benchmark began coverage on shares of Atlas Energy Solutions in a research note on Thursday, May 23rd. They issued a “buy” rating and a $27.00 target price for the company. Finally, The Goldman Sachs Group increased their target price on shares of Atlas Energy Solutions from $25.00 to $28.00 and gave the company a “buy” rating in a research note on Tuesday, May 28th. Seven equities research analysts have rated the stock with a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Buy” and a consensus price target of $26.00.

Insider Activity

In other news, major shareholder Chad M. Mcever sold 100,000 shares of Atlas Energy Solutions stock in a transaction that occurred on Tuesday, May 21st. The shares were sold at an average price of $24.55, for a total value of $2,455,000.00. Following the completion of the transaction, the insider now owns 451,755 shares in the company, valued at $11,090,585.25. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, major shareholder Stacy Hock sold 8,574 shares of Atlas Energy Solutions stock in a transaction that occurred on Monday, June 24th. The shares were sold at an average price of $19.76, for a total value of $169,422.24. Following the completion of the transaction, the insider now owns 969,030 shares in the company, valued at $19,148,032.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, major shareholder Chad M. Mcever sold 100,000 shares of Atlas Energy Solutions stock in a transaction that occurred on Tuesday, May 21st. The shares were sold at an average price of $24.55, for a total transaction of $2,455,000.00. Following the completion of the transaction, the insider now owns 451,755 shares of the company’s stock, valued at approximately $11,090,585.25. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 205,672 shares of company stock worth $4,859,410. Insiders own 24.34% of the company’s stock.

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.