11,422 Shares in Atlas Energy Solutions Inc. (NYSE:AESI) Purchased by SG Americas Securities LLC

SG Americas Securities LLC purchased a new position in Atlas Energy Solutions Inc. (NYSE:AESI) in the 3rd quarter, Holdings Channel.com reports. The firm purchased 11,422 shares of the company’s stock, valued at approximately $249,000.

Several other hedge funds have also recently added to or reduced their stakes in AESI. Goldman Sachs Group Inc. raised its position in Atlas Energy Solutions by 127.7% in the fourth quarter. Goldman Sachs Group Inc. now owns 1,136,136 shares of the company’s stock worth $19,564,000 after purchasing an additional 637,249 shares in the last quarter. Diversified Trust Co acquired a new position in Atlas Energy Solutions in the first quarter worth about $209,000. Sumitomo Mitsui Trust Holdings Inc. acquired a new position in Atlas Energy Solutions in the first quarter worth about $307,000. Vest Financial LLC acquired a new position in Atlas Energy Solutions in the first quarter worth about $854,000. Finally, Outfitter Financial LLC raised its position in Atlas Energy Solutions by 6.4% in the first quarter. Outfitter Financial LLC now owns 36,740 shares of the company’s stock worth $831,000 after purchasing an additional 2,200 shares in the last quarter. Institutional investors and hedge funds own 34.59% of the company’s stock.

Analyst Ratings Changes

Several research analysts recently issued reports on the stock. Piper Sandler dropped their price target on shares of Atlas Energy Solutions from $29.00 to $27.00 and set an “overweight” rating for the company in a research report on Monday, July 15th. Barclays dropped their price target on shares of Atlas Energy Solutions from $26.00 to $23.00 and set an “overweight” rating for the company in a research report on Wednesday, October 16th. Stephens reaffirmed an “overweight” rating and set a $28.00 price objective on shares of Atlas Energy Solutions in a report on Tuesday, August 6th. The Goldman Sachs Group dropped their price objective on shares of Atlas Energy Solutions from $28.00 to $25.00 and set a “buy” rating for the company in a report on Thursday, August 29th. Finally, Tudor Pickering raised shares of Atlas Energy Solutions to a “strong-buy” rating in a report on Monday, June 24th. Eight research analysts have rated the stock with a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Buy” and an average target price of $25.75.

Atlas Energy Solutions Price Performance

AESI opened at $19.86 on Tuesday. Atlas Energy Solutions Inc. has a one year low of $15.55 and a one year high of $24.93. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.53 and a quick ratio of 1.35. The company’s 50 day simple moving average is $20.99 and its 200-day simple moving average is $21.39. The stock has a market capitalization of $1.99 billion, a P/E ratio of 11.03, a price-to-earnings-growth ratio of 6.47 and a beta of 0.56.

Atlas Energy Solutions (NYSE:AESI) last announced its quarterly earnings data on Monday, August 5th. The company reported $0.13 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.31 by ($0.18). The business had revenue of $287.52 million during the quarter, compared to the consensus estimate of $270.55 million. Atlas Energy Solutions had a net margin of 13.71% and a return on equity of 16.75%. Atlas Energy Solutions’s revenue was up 77.7% compared to the same quarter last year. During the same period in the previous year, the business posted $0.69 earnings per share. Sell-side analysts anticipate that Atlas Energy Solutions Inc. will post 1.48 earnings per share for the current fiscal year.

Atlas Energy Solutions Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, August 22nd. Stockholders of record on Thursday, August 15th were given a dividend of $0.23 per share. This represents a $0.92 dividend on an annualized basis and a dividend yield of 4.63%. This is a boost from Atlas Energy Solutions’s previous quarterly dividend of $0.22. The ex-dividend date of this dividend was Thursday, August 15th. Atlas Energy Solutions’s dividend payout ratio (DPR) is currently 51.11%.

Insider Buying and Selling

In other news, major shareholder Gregory M. Shepard acquired 1,797 shares of the firm’s stock in a transaction dated Friday, October 18th. The stock was bought at an average price of $19.65 per share, with a total value of $35,311.05. Following the transaction, the insider now directly owns 7,507,194 shares in the company, valued at approximately $147,516,362.10. The trade was a 0.00 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other Atlas Energy Solutions news, major shareholder Brian Anthony Leveille sold 10,000 shares of the business’s stock in a transaction dated Monday, October 14th. The shares were sold at an average price of $20.50, for a total value of $205,000.00. Following the completion of the sale, the insider now owns 542,010 shares of the company’s stock, valued at $11,111,205. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, major shareholder Gregory M. Shepard acquired 1,797 shares of the business’s stock in a transaction on Friday, October 18th. The stock was acquired at an average cost of $19.65 per share, with a total value of $35,311.05. Following the acquisition, the insider now directly owns 7,507,194 shares in the company, valued at approximately $147,516,362.10. This trade represents a 0.00 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have sold a total of 35,713 shares of company stock worth $729,117 over the last ninety days. Company 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.