Global Retirement Partners LLC Purchases 1,276 Shares of Atlas Energy Solutions Inc. (NYSE:AESI)

Global Retirement Partners LLC lifted its holdings in Atlas Energy Solutions Inc. (NYSE:AESI) by 191.9% during the 4th quarter, Holdings Channel reports. The fund owned 1,941 shares of the company’s stock after acquiring an additional 1,276 shares during the quarter. Global Retirement Partners LLC’s holdings in Atlas Energy Solutions were worth $43,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Quest Partners LLC bought a new position in shares of Atlas Energy Solutions in the third quarter valued at about $48,000. FMR LLC raised its holdings in Atlas Energy Solutions by 101.0% during the 3rd quarter. FMR LLC now owns 2,696 shares of the company’s stock worth $59,000 after purchasing an additional 1,355 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in shares of Atlas Energy Solutions by 55.2% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,745 shares of the company’s stock valued at $125,000 after purchasing an additional 2,043 shares during the last quarter. Emerald Advisers LLC grew its position in shares of Atlas Energy Solutions by 28.4% during the 3rd quarter. Emerald Advisers LLC now owns 10,850 shares of the company’s stock worth $237,000 after buying an additional 2,400 shares during the period. Finally, Integrated Wealth Concepts LLC acquired a new stake in Atlas Energy Solutions during the 3rd quarter worth $253,000. Institutional investors and hedge funds own 34.59% of the company’s stock.

Insider Buying and Selling at Atlas Energy Solutions

In related news, 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 transaction, the insider now directly owns 917,604 shares of the company’s stock, valued at $20,691,970.20. This trade represents a 0.93 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, major shareholder Brian Anthony Leveille sold 5,000 shares of the company’s stock in a transaction on Monday, December 16th. The stock was sold at an average price of $23.17, for a total value of $115,850.00. Following the sale, the insider now owns 409,510 shares of the company’s stock, valued at $9,488,346.70. The trade was a 1.21 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 76,071 shares of company stock valued at $1,773,251 in the last ninety days. 24.34% of the stock is currently owned by corporate insiders.

Atlas Energy Solutions Price Performance

Shares of NYSE AESI opened at $19.38 on Friday. Atlas Energy Solutions Inc. has a twelve month low of $17.49 and a twelve month high of $26.86. The company has a market cap of $2.14 billion, a PE ratio of 24.53 and a beta of 1.03. The business’s 50 day moving average price is $22.33 and its two-hundred day moving average price is $21.67. The company has a quick ratio of 1.08, a current ratio of 1.23 and a debt-to-equity ratio of 0.42.

Atlas Energy Solutions (NYSE:AESI) last announced its quarterly earnings results on Monday, February 24th. The company reported $0.06 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.18 by ($0.12). The business had revenue of $271.34 million for the quarter, compared to analyst estimates of $272.94 million. Atlas Energy Solutions had a net margin of 8.78% and a return on equity of 11.01%. On average, analysts predict that Atlas Energy Solutions Inc. will post 0.83 EPS for the current year.

Atlas Energy Solutions Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 28th. Shareholders of record on Friday, February 21st were issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 5.16%. This is a positive change from Atlas Energy Solutions’s previous quarterly dividend of $0.24. The ex-dividend date was Friday, February 21st. Atlas Energy Solutions’s dividend payout ratio is currently 178.57%.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on AESI shares. Raymond James cut Atlas Energy Solutions from a “strong-buy” rating to a “hold” rating in a report on Monday, January 6th. Bank of America reiterated a “neutral” rating and issued a $22.50 price target on shares of Atlas Energy Solutions in a report on Monday, January 13th. Stephens increased their target price on Atlas Energy Solutions from $28.00 to $29.00 and gave the stock an “overweight” rating in a report on Tuesday, January 28th. Barclays lifted their price objective on shares of Atlas Energy Solutions from $19.00 to $23.00 and gave the company an “equal weight” rating in a report on Thursday, January 30th. Finally, Citigroup downgraded shares of Atlas Energy Solutions from a “buy” rating to a “neutral” rating and decreased their target price for the company from $23.00 to $22.00 in a research report on Thursday, November 14th. Six equities research analysts have rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, Atlas Energy Solutions presently has an average rating of “Moderate Buy” and an average price target of $24.83.

About Atlas Energy Solutions

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.