Avantax Advisory Services Inc. Buys 5,183 Shares of Atlas Energy Solutions Inc. (NYSE:AESI)

Avantax Advisory Services Inc. grew its holdings in Atlas Energy Solutions Inc. (NYSE:AESI) by 22.2% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 28,509 shares of the company’s stock after purchasing an additional 5,183 shares during the period. Avantax Advisory Services Inc.’s holdings in Atlas Energy Solutions were worth $632,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Global Retirement Partners LLC increased its stake in shares of Atlas Energy Solutions by 191.9% in the 4th quarter. Global Retirement Partners LLC now owns 1,941 shares of the company’s stock valued at $43,000 after purchasing an additional 1,276 shares during the last quarter. Quest Partners LLC bought a new position in shares of Atlas Energy Solutions in the 3rd quarter valued at $48,000. Promus Capital LLC bought a new position in shares of Atlas Energy Solutions in the 4th quarter valued at $55,000. FMR LLC increased its stake in shares of Atlas Energy Solutions by 101.0% in the 3rd quarter. FMR LLC now owns 2,696 shares of the company’s stock valued at $59,000 after purchasing an additional 1,355 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased 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. Institutional investors own 34.59% of the company’s stock.

Insider Activity

In other news, major shareholder Gregory M. Shepard bought 32,155 shares of the firm’s stock in a transaction that occurred on Thursday, February 27th. The stock was acquired at an average cost of $19.04 per share, with a total value of $612,231.20. Following the transaction, the insider now directly owns 7,651,210 shares of the company’s stock, valued at approximately $145,679,038.40. This represents a 0.42 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, major shareholder Stacy Hock sold 10,000 shares of the business’s stock in a transaction dated Friday, January 10th. The shares were sold at an average price of $21.96, for a total value of $219,600.00. Following the completion of the sale, the insider now directly owns 907,604 shares of the company’s stock, valued at $19,930,983.84. The trade was a 1.09 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 50,000 shares of company stock valued at $1,164,750 in the last ninety days. 24.34% of the stock is owned by company insiders.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the company. Benchmark decreased their price target on Atlas Energy Solutions from $28.00 to $25.00 and set a “buy” rating on the stock in a research note on Wednesday, February 26th. Raymond James downgraded Atlas Energy Solutions from a “strong-buy” rating to a “hold” rating in a report on Monday, January 6th. Stephens raised their price objective on Atlas Energy Solutions from $28.00 to $29.00 and gave the company an “overweight” rating in a report on Tuesday, January 28th. Piper Sandler started coverage on Atlas Energy Solutions in a report on Wednesday, March 12th. They set an “overweight” rating and a $22.00 price objective on the stock. Finally, Barclays cut their price objective on Atlas Energy Solutions from $23.00 to $19.00 and set an “equal weight” rating on the stock in a report on Monday, March 3rd. Six investment analysts have rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $23.83.

Atlas Energy Solutions Stock Down 2.0 %

Shares of AESI opened at $17.96 on Friday. The company has a market capitalization of $2.19 billion, a PE ratio of 22.74 and a beta of 1.18. Atlas Energy Solutions Inc. has a 12 month low of $16.98 and a 12 month high of $26.86. The stock’s 50-day moving average price is $21.00 and its two-hundred day moving average price is $21.38. The company has a current ratio of 1.23, a quick ratio of 1.08 and a debt-to-equity ratio of 0.42.

Atlas Energy Solutions (NYSE:AESI) last announced its quarterly earnings data on Monday, February 24th. The company reported $0.06 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.18 by ($0.12). The business had revenue of $271.34 million during 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 anticipate that Atlas Energy Solutions Inc. will post 0.83 EPS for the current year.

Atlas Energy Solutions Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 28th. Stockholders of record on Friday, February 21st were paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 5.57%. This is an increase from Atlas Energy Solutions’s previous quarterly dividend of $0.24. The ex-dividend date was Friday, February 21st. Atlas Energy Solutions’s payout ratio is currently 178.57%.

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.