Atlas Energy Solutions Inc. (NYSE:AESI) Stock Position Reduced by Two Sigma Investments LP

Two Sigma Investments LP decreased its position in Atlas Energy Solutions Inc. (NYSE:AESI) by 49.1% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 18,214 shares of the company’s stock after selling 17,568 shares during the quarter. Two Sigma Investments LP’s holdings in Atlas Energy Solutions were worth $404,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Quarry LP acquired a new stake in shares of Atlas Energy Solutions in the fourth quarter valued at approximately $27,000. CBIZ Investment Advisory Services LLC grew its stake in shares of Atlas Energy Solutions by 62.9% in 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. Tower Research Capital LLC TRC increased its holdings in shares of Atlas Energy Solutions by 307.9% during the fourth quarter. Tower Research Capital LLC TRC now owns 1,387 shares of the company’s stock valued at $31,000 after purchasing an additional 1,047 shares during the period. Global Retirement Partners LLC raised its stake in shares of Atlas Energy Solutions by 191.9% during the fourth 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 in the last quarter. Finally, Promus Capital LLC bought a new stake in shares of Atlas Energy Solutions during the fourth quarter valued at about $55,000. 34.59% of the stock is currently owned by institutional investors.

Atlas Energy Solutions Stock Performance

Shares of AESI stock opened at $13.50 on Tuesday. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.23 and a quick ratio of 1.08. The firm has a 50-day moving average of $13.36 and a 200-day moving average of $18.57. Atlas Energy Solutions Inc. has a one year low of $11.76 and a one year high of $26.86. The company has a market cap of $1.67 billion, a P/E ratio of 17.09 and a beta of 1.14.

Atlas Energy Solutions (NYSE:AESI) last posted its quarterly earnings results on Monday, May 5th. The company reported $0.08 earnings per share for the quarter, missing the consensus estimate of $0.18 by ($0.10). The company had revenue of $297.59 million for the quarter, compared to the consensus estimate of $291.13 million. Atlas Energy Solutions had a net margin of 8.78% and a return on equity of 11.01%. Atlas Energy Solutions’s quarterly revenue was up 54.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.26 EPS. Equities research analysts forecast that Atlas Energy Solutions Inc. will post 0.83 EPS for the current fiscal year.

Atlas Energy Solutions Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, May 22nd. Investors of record on Thursday, May 15th were issued a dividend of $0.25 per share. The ex-dividend date was Thursday, May 15th. This represents a $1.00 dividend on an annualized basis and a yield of 7.41%. Atlas Energy Solutions’s dividend payout ratio (DPR) is 322.58%.

Analysts Set New Price Targets

A number of research analysts recently issued reports on the company. Royal Bank of Canada lowered their target price on Atlas Energy Solutions from $21.00 to $17.00 and set an “outperform” rating on the stock in a report on Wednesday, May 7th. Stifel Nicolaus assumed coverage on Atlas Energy Solutions in a research report on Wednesday, May 21st. They issued a “buy” rating and a $15.00 target price for the company. Benchmark dropped their price objective on shares of 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. The Goldman Sachs Group cut their price objective on Atlas Energy Solutions from $22.00 to $15.00 and set a “neutral” rating for the company in a report on Thursday, April 10th. Finally, Piper Sandler reduced their price objective on shares of Atlas Energy Solutions from $22.00 to $17.00 and set an “overweight” rating for the company in a research note on Thursday, May 8th. Six equities research analysts have rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $19.28.

Insiders Place Their Bets

In related news, Chairman Ben M. Brigham acquired 9,635 shares of the company’s stock in a transaction dated Wednesday, May 14th. The stock was purchased at an average price of $13.38 per share, with a total value of $128,916.30. Following the completion of the purchase, the chairman now owns 572,397 shares in the company, valued at $7,658,671.86. This trade represents a 1.71% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Douglas G. Rogers acquired 7,000 shares of the firm’s stock in a transaction on Wednesday, May 14th. The stock was purchased at an average price of $13.27 per share, for a total transaction of $92,890.00. Following the transaction, the director now directly owns 10,000 shares of the company’s stock, valued at approximately $132,700. This trade represents a 233.33% increase in their position. The disclosure for this purchase can be found here. 15.98% of the stock is owned by corporate insiders.

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.