Maven Securities LTD Cuts Stock Holdings in Atlas Energy Solutions Inc. (NYSE:AESI)

Maven Securities LTD lowered its position in Atlas Energy Solutions Inc. (NYSE:AESI) by 64.9% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 12,000 shares of the company’s stock after selling 22,200 shares during the period. Maven Securities LTD’s holdings in Atlas Energy Solutions were worth $239,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in AESI. Cetera Investment Advisers lifted its holdings in Atlas Energy Solutions by 1.0% during the second quarter. Cetera Investment Advisers now owns 88,654 shares of the company’s stock worth $1,767,000 after acquiring an additional 897 shares during the period. Driehaus Capital Management LLC raised its stake in shares of Atlas Energy Solutions by 5.0% during the 2nd quarter. Driehaus Capital Management LLC now owns 646,571 shares of the company’s stock worth $12,886,000 after purchasing an additional 30,779 shares during the period. The Manufacturers Life Insurance Company raised its stake in shares of Atlas Energy Solutions by 168.7% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 40,677 shares of the company’s stock worth $811,000 after purchasing an additional 25,540 shares during the period. Dark Forest Capital Management LP boosted its holdings in shares of Atlas Energy Solutions by 71.2% in the 2nd quarter. Dark Forest Capital Management LP now owns 40,050 shares of the company’s stock worth $798,000 after buying an additional 16,652 shares during the last quarter. Finally, Marshall Wace LLP bought a new position in Atlas Energy Solutions during the second quarter valued at about $8,898,000. 34.59% of the stock is owned by institutional investors.

Insider Activity

In related news, major shareholder Stacy Hock sold 8,571 shares of the 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 sale, the insider now owns 943,317 shares in the company, valued at $18,338,082.48. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In related news, major shareholder Gregory M. Shepard purchased 3,248 shares of the firm’s stock in a transaction dated Thursday, July 18th. The shares were purchased 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 $162,669,310.96. The purchase was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, 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 transaction of $166,620.24. Following the sale, the insider now directly owns 943,317 shares of the company’s stock, valued at $18,338,082.48. The disclosure for this sale can be found here. Insiders sold 25,713 shares of company stock worth $510,403 in the last three months. Corporate insiders own 24.34% of the company’s stock.

Atlas Energy Solutions Price Performance

Shares of NYSE AESI opened at $22.29 on Thursday. The stock has a fifty day moving average of $20.68 and a 200-day moving average of $21.52. The stock has a market cap of $2.23 billion, a PE ratio of 12.35, a price-to-earnings-growth ratio of 6.95 and a beta of 0.56. The company has a debt-to-equity ratio of 0.42, a quick ratio of 1.35 and a current ratio of 1.53. Atlas Energy Solutions Inc. has a fifty-two week low of $15.55 and a fifty-two week high of $24.93.

Atlas Energy Solutions (NYSE:AESI) last announced its quarterly 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). Atlas Energy Solutions had a net margin of 13.71% and a return on equity of 16.75%. The company had revenue of $287.52 million for the quarter, compared to the consensus estimate of $270.55 million. During the same quarter in the prior year, the company earned $0.69 earnings per share. The company’s quarterly revenue was up 77.7% on a year-over-year basis. Equities research 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 declared a quarterly dividend, which was paid on Thursday, August 22nd. Shareholders of record on Thursday, August 15th were issued a $0.23 dividend. This represents a $0.92 annualized dividend and a yield of 4.13%. This is an increase 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 presently 51.11%.

Analysts Set New Price Targets

A number of research firms have weighed in on AESI. Benchmark reiterated a “buy” rating and issued a $27.00 target price on shares of Atlas Energy Solutions in a research note on Tuesday, August 6th. Royal Bank of Canada dropped their price objective on Atlas Energy Solutions from $27.00 to $26.00 and set an “outperform” rating on the stock in a research note on Wednesday, August 7th. Bank of America decreased their target price on Atlas Energy Solutions from $25.00 to $24.00 and set a “buy” rating for the company in a research report on Monday, July 15th. Stephens restated an “overweight” rating and issued a $28.00 target price on shares of Atlas Energy Solutions in a research note on Tuesday, August 6th. Finally, Tudor, Pickering, Holt & Co. started coverage on Atlas Energy Solutions in a research note on Monday, June 24th. They set a “buy” rating for the company. Eight research analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, the company has an average rating of “Buy” and an average price target of $26.25.

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.