Edge Capital Group LLC Acquires 12,813 Shares of Atlas Energy Solutions Inc. (NYSE:AESI)

Edge Capital Group LLC lifted its holdings in shares of Atlas Energy Solutions Inc. (NYSE:AESI) by 95.9% in the 4th quarter, HoldingsChannel reports. The fund owned 26,178 shares of the company’s stock after purchasing an additional 12,813 shares during the period. Edge Capital Group LLC’s holdings in Atlas Energy Solutions were worth $581,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Global Retirement Partners LLC raised its position in 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 buying an additional 1,276 shares during the last quarter. Quest Partners LLC bought a new stake in shares of Atlas Energy Solutions in the 3rd quarter worth $48,000. FMR LLC raised its holdings in shares of Atlas Energy Solutions by 101.0% in the third 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. CWM LLC raised its holdings in shares of Atlas Energy Solutions by 47.1% in the third quarter. CWM LLC now owns 2,766 shares of the company’s stock valued at $60,000 after purchasing an additional 886 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank lifted its position in shares of Atlas Energy Solutions by 55.2% during the third 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 in the last quarter. Institutional investors and hedge funds own 34.59% of the company’s stock.

Atlas Energy Solutions Stock Up 0.0 %

Shares of NYSE AESI opened at $20.64 on Tuesday. The business’s fifty day moving average price is $22.51 and its 200-day moving average price is $21.69. Atlas Energy Solutions Inc. has a one year low of $17.49 and a one year high of $26.86. The stock has a market capitalization of $2.27 billion, a PE ratio of 26.12 and a beta of 1.03. 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 released 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%. On average, equities research 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 will be paid on Friday, February 28th. Investors of record on Friday, February 21st will be paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 4.85%. This is a positive change from Atlas Energy Solutions’s previous quarterly dividend of $0.24. The ex-dividend date of this dividend is Friday, February 21st. Atlas Energy Solutions’s payout ratio is currently 126.58%.

Insider Activity at Atlas Energy Solutions

In other Atlas Energy Solutions news, major shareholder Brian Anthony Leveille sold 5,000 shares of the firm’s stock in a transaction dated Monday, December 16th. The stock was sold at an average price of $23.17, for a total value of $115,850.00. Following the completion of the transaction, the insider now owns 409,510 shares in the company, valued at $9,488,346.70. This trade represents a 1.21 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, major shareholder Stacy Hock sold 10,000 shares of the company’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 sale, the insider now owns 907,604 shares in the company, valued at approximately $19,930,983.84. This represents a 1.09 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 76,071 shares of company stock worth $1,773,251. Corporate insiders own 24.34% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on AESI shares. Citigroup lowered shares of Atlas Energy Solutions from a “buy” rating to a “neutral” rating and decreased their price objective for the company from $23.00 to $22.00 in a research note on Thursday, November 14th. Royal Bank of Canada increased their price target on Atlas Energy Solutions from $27.00 to $28.00 and gave the company an “outperform” rating in a research report on Tuesday, January 28th. Pickering Energy Partners lowered Atlas Energy Solutions from an “outperform” rating to a “neutral” rating in a report on Wednesday, October 30th. Benchmark upped their price objective on Atlas Energy Solutions from $23.00 to $28.00 and gave the company a “buy” rating in a research note on Wednesday, January 29th. Finally, The Goldman Sachs Group started coverage on Atlas Energy Solutions in a research note on Friday, December 13th. They set a “neutral” rating and a $23.00 target price on the stock. Six research 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’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $25.50.

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.