Atlas Energy Solutions Inc. (NYSE:AESI) Shares Sold by Victory Capital Management Inc.

Victory Capital Management Inc. trimmed its position in shares of Atlas Energy Solutions Inc. (NYSE:AESI) by 18.3% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,325,592 shares of the company’s stock after selling 296,649 shares during the period. Victory Capital Management Inc. owned 1.21% of Atlas Energy Solutions worth $28,898,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. First Horizon Advisors Inc. boosted its stake in Atlas Energy Solutions by 313.7% during the 2nd quarter. First Horizon Advisors Inc. now owns 1,725 shares of the company’s stock valued at $34,000 after purchasing an additional 1,308 shares during the period. Amalgamated Bank lifted its stake in shares of Atlas Energy Solutions by 328.1% in the 2nd quarter. Amalgamated Bank now owns 2,350 shares of the company’s stock worth $47,000 after acquiring an additional 1,801 shares during the period. CWM LLC lifted its stake in shares of Atlas Energy Solutions by 47.1% in the 3rd quarter. CWM LLC now owns 2,766 shares of the company’s stock worth $60,000 after acquiring an additional 886 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank acquired a new stake in shares of Atlas Energy Solutions in the 2nd quarter worth approximately $74,000. Finally, DekaBank Deutsche Girozentrale acquired a new stake in shares of Atlas Energy Solutions in the 1st quarter worth approximately $78,000. 34.59% of the stock is owned by institutional investors and hedge funds.

Atlas Energy Solutions Stock Down 1.5 %

AESI stock opened at $19.95 on Monday. The firm has a market capitalization of $2.20 billion, a P/E ratio of 25.25, a P/E/G ratio of 11.03 and a beta of 0.69. 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 company’s 50 day simple moving average is $20.94 and its 200-day simple moving average is $21.06. Atlas Energy Solutions Inc. has a 52-week low of $15.55 and a 52-week high of $24.93.

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

Atlas Energy Solutions Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, November 14th. Shareholders of record on Thursday, November 7th were paid a $0.24 dividend. This represents a $0.96 annualized dividend and a yield of 4.81%. The ex-dividend date was Thursday, November 7th. This is a positive change from Atlas Energy Solutions’s previous quarterly dividend of $0.23. Atlas Energy Solutions’s dividend payout ratio is currently 121.52%.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on the stock. Stephens reaffirmed an “overweight” rating and issued a $28.00 price target on shares of Atlas Energy Solutions in a research note on Tuesday, August 6th. Benchmark reaffirmed a “buy” rating and issued a $27.00 price target on shares of Atlas Energy Solutions in a research note on Tuesday, August 6th. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $25.00 price target on shares of Atlas Energy Solutions in a research note on Wednesday, October 30th. Barclays lowered shares of Atlas Energy Solutions from an “overweight” rating to an “equal weight” rating and reduced their price target for the stock from $23.00 to $19.00 in a research note on Tuesday, November 12th. Finally, Pickering Energy Partners lowered shares of Atlas Energy Solutions from an “outperform” rating to a “neutral” rating in a research note on Wednesday, October 30th. Four analysts have rated the stock with a hold rating, six have given a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $24.44.

Insider Transactions at Atlas Energy Solutions

In related news, major shareholder Brian Anthony Leveille sold 10,000 shares of the company’s stock in a transaction on Monday, October 14th. The shares were sold at an average price of $20.50, for a total transaction of $205,000.00. Following the completion of the sale, the insider now directly owns 542,010 shares of the company’s stock, valued at approximately $11,111,205. This represents a 1.81 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, major shareholder Stacy Hock sold 8,571 shares of the company’s 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 approximately $18,338,082.48. This represents a 0.90 % 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 65,713 shares worth $1,374,831. 24.34% of the stock is currently owned by company 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.