Sei Investments Co. Increases Holdings in Atlas Energy Solutions Inc. (NYSE:AESI)

Sei Investments Co. raised its holdings in shares of Atlas Energy Solutions Inc. (NYSE:AESI) by 15.5% in the 4th quarter, HoldingsChannel reports. The fund owned 213,857 shares of the company’s stock after buying an additional 28,639 shares during the quarter. Sei Investments Co.’s holdings in Atlas Energy Solutions were worth $4,744,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. CBIZ Investment Advisory Services LLC raised its holdings in Atlas Energy Solutions by 62.9% during the fourth quarter. CBIZ Investment Advisory Services LLC now owns 1,354 shares of the company’s stock worth $30,000 after purchasing an additional 523 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in Atlas Energy Solutions by 1.6% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 44,931 shares of the company’s stock worth $979,000 after acquiring an additional 711 shares in the last quarter. Wilmington Savings Fund Society FSB increased its position in shares of Atlas Energy Solutions by 8.0% during the fourth quarter. Wilmington Savings Fund Society FSB now owns 14,770 shares of the company’s stock worth $328,000 after purchasing an additional 1,100 shares in the last quarter. Global Retirement Partners LLC boosted its position 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 period. Finally, FMR LLC boosted its position 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 period. Hedge funds and other institutional investors own 34.59% of the company’s stock.

Insider Activity at Atlas Energy Solutions

In other Atlas Energy Solutions news, major shareholder Brian Anthony Leveille sold 7,500 shares of the company’s stock in a transaction dated Thursday, January 16th. The shares were sold at an average price of $24.00, for a total value of $180,000.00. Following the sale, the insider now owns 397,010 shares of the company’s stock, valued at $9,528,240. This represents a 1.85 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, major shareholder Stacy Hock sold 10,000 shares of the firm’s stock in a transaction that occurred on Monday, February 3rd. The stock was sold at an average price of $22.50, for a total transaction of $225,000.00. Following the transaction, the insider now directly owns 897,604 shares of the company’s stock, valued at approximately $20,196,090. This trade represents a 1.10 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 45,000 shares of company stock valued at $1,049,750 in the last ninety days. Corporate insiders own 24.34% of the company’s stock.

Analysts Set New Price Targets

AESI has been the topic of several research analyst reports. Piper Sandler started coverage on Atlas Energy Solutions in a research report on Wednesday, March 12th. They set an “overweight” rating and a $22.00 price target on the stock. The Goldman Sachs Group began coverage on shares of Atlas Energy Solutions in a research note on Friday, December 13th. They issued a “neutral” rating and a $23.00 price objective on the stock. Barclays decreased their target price on shares of Atlas Energy Solutions from $23.00 to $19.00 and set an “equal weight” rating for the company in a research note on Monday, March 3rd. Benchmark dropped their price target on Atlas Energy Solutions from $28.00 to $25.00 and set a “buy” rating on the stock in a research report on Wednesday, February 26th. Finally, Stephens boosted their target price on Atlas Energy Solutions from $28.00 to $29.00 and gave the company an “overweight” rating in a report on Tuesday, January 28th. Six investment analysts have rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, Atlas Energy Solutions presently has a consensus rating of “Moderate Buy” and a consensus target price of $23.83.

Atlas Energy Solutions Stock Up 1.9 %

Atlas Energy Solutions stock opened at $18.45 on Thursday. The company has a market cap of $2.25 billion, a PE ratio of 23.35 and a beta of 1.18. Atlas Energy Solutions Inc. has a 1-year low of $16.98 and a 1-year high of $26.86. The stock’s 50 day moving average price is $20.13 and its 200 day moving average price is $21.27. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.23 and a quick ratio of 1.08.

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

Atlas Energy Solutions Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, February 28th. Stockholders of record on Friday, February 21st were paid a dividend of $0.25 per share. This is a positive change from Atlas Energy Solutions’s previous quarterly dividend of $0.24. The ex-dividend date was Friday, February 21st. This represents a $1.00 annualized dividend and a dividend yield of 5.42%. Atlas Energy Solutions’s payout ratio is 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.