Atlas Energy Solutions Inc. (NYSE:AESI) Shares Purchased by Profund Advisors LLC

Profund Advisors LLC boosted its stake in Atlas Energy Solutions Inc. (NYSE:AESI) by 26.8% during the second quarter, HoldingsChannel reports. The institutional investor owned 17,370 shares of the company’s stock after buying an additional 3,675 shares during the quarter. Profund Advisors LLC’s holdings in Atlas Energy Solutions were worth $346,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. First Horizon Advisors Inc. lifted its position in shares of Atlas Energy Solutions by 313.7% in the second quarter. First Horizon Advisors Inc. now owns 1,725 shares of the company’s stock valued at $34,000 after acquiring an additional 1,308 shares in the last quarter. Amalgamated Bank lifted its holdings in Atlas Energy Solutions by 328.1% in the 2nd quarter. Amalgamated Bank now owns 2,350 shares of the company’s stock valued at $47,000 after purchasing an additional 1,801 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank acquired a new stake in Atlas Energy Solutions during the 2nd quarter worth $74,000. DekaBank Deutsche Girozentrale purchased a new stake in shares of Atlas Energy Solutions during the first quarter worth $78,000. Finally, nVerses Capital LLC acquired a new stake in shares of Atlas Energy Solutions in the second quarter valued at about $106,000. 34.59% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, major shareholder Stacy Hock sold 8,571 shares of Atlas Energy Solutions stock in a transaction on Wednesday, September 11th. The stock was sold at an average price of $19.44, for a total value of $166,620.24. Following the completion of the sale, the insider now directly owns 943,317 shares of the company’s stock, valued at $18,338,082.48. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In other news, major shareholder Stacy Hock sold 8,571 shares of the stock in a transaction dated Wednesday, September 11th. The shares were sold at an average price of $19.44, for a total transaction of $166,620.24. Following the sale, the insider now owns 943,317 shares of the company’s stock, valued at $18,338,082.48. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, major shareholder Gregory M. Shepard acquired 3,248 shares of the company’s stock in a transaction that occurred on Thursday, July 18th. The stock was acquired at an average price of $21.68 per share, with a total value of $70,416.64. Following the acquisition, the insider now directly owns 7,503,197 shares of the company’s stock, valued at approximately $162,669,310.96. The disclosure for this purchase can be found here. Insiders have sold 25,713 shares of company stock worth $510,403 over the last ninety days. Corporate insiders own 24.34% of the company’s stock.

Atlas Energy Solutions Stock Performance

NYSE AESI opened at $21.27 on Friday. The stock has a market cap of $2.34 billion, a PE ratio of 11.82, a P/E/G ratio of 6.95 and a beta of 0.56. Atlas Energy Solutions Inc. has a twelve month low of $15.55 and a twelve month high of $24.93. The stock has a fifty day simple moving average of $20.62 and a 200-day simple moving average of $21.52. The company has a current ratio of 1.53, a quick ratio of 1.35 and a debt-to-equity ratio of 0.42.

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

Atlas Energy Solutions Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, August 22nd. Shareholders of record on Thursday, August 15th were given a $0.23 dividend. This is a positive change from Atlas Energy Solutions’s previous quarterly dividend of $0.22. The ex-dividend date of this dividend was Thursday, August 15th. This represents a $0.92 dividend on an annualized basis and a yield of 4.33%. Atlas Energy Solutions’s payout ratio is presently 51.11%.

Wall Street Analysts Forecast Growth

AESI has been the subject of several research reports. Bank of America dropped their price objective on shares of Atlas Energy Solutions from $25.00 to $24.00 and set a “buy” rating for the company in a research note on Monday, July 15th. Tudor Pickering raised Atlas Energy Solutions to a “strong-buy” rating in a report on Monday, June 24th. Piper Sandler lowered their price objective on Atlas Energy Solutions from $29.00 to $27.00 and set an “overweight” rating on the stock in a research note on Monday, July 15th. The Goldman Sachs Group dropped their target price on 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, Royal Bank of Canada reduced their price target on Atlas Energy Solutions from $27.00 to $26.00 and set an “outperform” rating on the stock in a report on Wednesday, August 7th. Eight equities research analysts have rated the stock with a buy rating and two have given a strong buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus target price of $26.25.

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.