Atlas Energy Solutions Inc. (NYSE:AESI) Shares Sold by Pathstone Holdings LLC

Pathstone Holdings LLC reduced its position in Atlas Energy Solutions Inc. (NYSE:AESI) by 2.3% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 123,456 shares of the company’s stock after selling 2,925 shares during the quarter. Pathstone Holdings LLC’s holdings in Atlas Energy Solutions were worth $2,691,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Vanguard Group Inc. raised its holdings in Atlas Energy Solutions by 0.7% in the 1st quarter. Vanguard Group Inc. now owns 4,615,793 shares of the company’s stock valued at $104,409,000 after acquiring an additional 33,286 shares during the last quarter. Barrow Hanley Mewhinney & Strauss LLC increased its holdings in Atlas Energy Solutions by 1.1% in the 2nd quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 2,696,418 shares of the company’s stock valued at $53,740,000 after purchasing an additional 30,082 shares during the last quarter. Meridian Wealth Advisors LLC raised its holdings in shares of Atlas Energy Solutions by 25.8% in the 2nd quarter. Meridian Wealth Advisors LLC now owns 2,677,490 shares of the company’s stock valued at $53,362,000 after buying an additional 548,620 shares during the period. Janus Henderson Group PLC increased its stake in Atlas Energy Solutions by 26.9% during the first quarter. Janus Henderson Group PLC now owns 2,537,215 shares of the company’s stock worth $57,392,000 after purchasing an additional 537,927 shares during the period. Finally, Copeland Capital Management LLC increased its stake in Atlas Energy Solutions by 19.8% during the 3rd quarter. Copeland Capital Management LLC now owns 1,884,032 shares of the company’s stock worth $41,072,000 after buying an additional 311,228 shares during the period. 34.59% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

AESI has been the topic of a number of recent analyst reports. Stephens reissued an “overweight” rating and issued a $28.00 price objective on shares of Atlas Energy Solutions in a research report on Tuesday, August 6th. Citigroup downgraded Atlas Energy Solutions from a “buy” rating to a “neutral” rating and reduced their target price for the company from $23.00 to $22.00 in a report on Thursday, November 14th. The Goldman Sachs Group downgraded Atlas Energy Solutions from a “buy” rating to a “neutral” rating and dropped their price target for the stock from $23.00 to $21.00 in a research note on Thursday, November 7th. Pickering Energy Partners cut Atlas Energy Solutions from an “outperform” rating to a “neutral” rating in a research note on Wednesday, October 30th. Finally, Barclays lowered shares of Atlas Energy Solutions from an “overweight” rating to an “equal weight” rating and lowered their target price for the stock from $23.00 to $19.00 in a research report on Tuesday, November 12th. Four research analysts have rated the stock with a hold rating, six have given a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat.com, Atlas Energy Solutions has an average rating of “Moderate Buy” and an average price target of $24.44.

Atlas Energy Solutions Price Performance

Atlas Energy Solutions stock opened at $23.73 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 business has a 50 day simple moving average of $21.09 and a 200-day simple moving average of $21.03. Atlas Energy Solutions Inc. has a 12 month low of $15.55 and a 12 month high of $24.93. The stock has a market capitalization of $2.62 billion, a PE ratio of 30.03, a price-to-earnings-growth ratio of 13.05 and a beta of 0.69.

Atlas Energy Solutions (NYSE:AESI) last announced its quarterly earnings data on Monday, October 28th. The company reported $0.04 EPS for the quarter, missing analysts’ consensus estimates of $0.29 by ($0.25). The firm had revenue of $304.40 million for the quarter, compared to analysts’ expectations of $307.93 million. Atlas Energy Solutions had a return on equity of 11.01% and a net margin of 8.78%. The firm’s quarterly revenue was up 93.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.51 EPS. Equities analysts predict that Atlas Energy Solutions Inc. will post 0.8 earnings per share for the current year.

Atlas Energy Solutions Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, November 14th. Shareholders of record on Thursday, November 7th were issued a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a yield of 4.05%. The ex-dividend date of this dividend was Thursday, November 7th. This is a positive change from Atlas Energy Solutions’s previous quarterly dividend of $0.23. Atlas Energy Solutions’s payout ratio is currently 121.52%.

Insiders Place Their Bets

In related news, major shareholder Stacy Hock sold 8,571 shares of the business’s 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 approximately $18,338,082.48. The trade was a 0.90 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, major shareholder Brian Anthony Leveille sold 10,000 shares of the company’s stock in a transaction dated Thursday, November 21st. The stock was sold at an average price of $21.50, for a total transaction of $215,000.00. Following the transaction, the insider now owns 472,010 shares in the company, valued at $10,148,215. The trade was a 2.07 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have acquired 60,869 shares of company stock worth $1,187,983 and have sold 85,713 shares worth $1,796,831. 24.34% of the stock is currently owned by insiders.

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.