Emerald Mutual Fund Advisers Trust Sells 2,856 Shares of Atlas Energy Solutions Inc. (NYSE:AESI)

Emerald Mutual Fund Advisers Trust lessened its stake in shares of Atlas Energy Solutions Inc. (NYSE:AESI) by 4.6% during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 59,442 shares of the company’s stock after selling 2,856 shares during the period. Emerald Mutual Fund Advisers Trust’s holdings in Atlas Energy Solutions were worth $1,296,000 as of its most recent filing with the SEC.

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

Analyst Ratings Changes

A number of research analysts recently weighed in on the company. Piper Sandler decreased their target price on Atlas Energy Solutions from $29.00 to $27.00 and set an “overweight” rating on the stock in a report on Monday, July 15th. Bank of America dropped their price objective on shares of Atlas Energy Solutions from $25.00 to $24.00 and set a “buy” rating on the stock in a research report on Monday, July 15th. Benchmark reiterated a “buy” rating and issued a $27.00 price target on shares of Atlas Energy Solutions in a research note on Tuesday, August 6th. Pickering Energy Partners downgraded shares of Atlas Energy Solutions from an “outperform” rating to a “neutral” rating in a research report on Wednesday, October 30th. Finally, Barclays decreased their target price on Atlas Energy Solutions from $26.00 to $23.00 and set an “overweight” rating on the stock in a research report on Wednesday, October 16th. One equities research analyst has rated the stock with a hold rating, eight have issued a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat.com, Atlas Energy Solutions currently has an average rating of “Buy” and a consensus price target of $25.75.

Insider Buying and Selling at Atlas Energy Solutions

In other news, major shareholder Stacy Hock sold 8,571 shares of Atlas Energy Solutions stock in a transaction on Wednesday, September 11th. The stock was sold at an average price of $19.44, for a total value of $166,620.24. Following the transaction, the insider now owns 943,317 shares in the company, valued at approximately $18,338,082.48. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other news, major shareholder Stacy Hock sold 8,571 shares of the firm’s stock in a transaction that occurred on Wednesday, September 11th. The shares were sold at an average price of $19.44, for a total value of $166,620.24. Following the sale, the insider now directly owns 943,317 shares in the company, valued at approximately $18,338,082.48. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, major shareholder Gregory M. Shepard purchased 23,300 shares of the firm’s stock in a transaction that occurred on Thursday, October 24th. The shares were bought at an average cost of $19.55 per share, for a total transaction of $455,515.00. Following the completion of the acquisition, the insider now directly owns 7,540,306 shares in the company, valued at $147,412,982.30. The trade was a 0.00 % increase in their position. The disclosure for this purchase can be found here. Over the last three months, insiders bought 33,159 shares of company stock worth $650,776 and sold 45,713 shares worth $939,317. Company insiders own 24.34% of the company’s stock.

Atlas Energy Solutions Price Performance

Shares of NYSE AESI opened at $19.16 on Monday. The business has a fifty day moving average price of $20.95 and a two-hundred day moving average price of $21.19. The stock has a market capitalization of $2.11 billion, a PE ratio of 24.25, a P/E/G ratio of 10.82 and a beta of 0.70. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.23 and a quick ratio of 1.35. Atlas Energy Solutions Inc. has a fifty-two week low of $15.55 and a fifty-two week high of $24.93.

Atlas Energy Solutions (NYSE:AESI) last posted its quarterly earnings results on Monday, October 28th. The company reported $0.04 EPS for the quarter, missing analysts’ consensus estimates 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 revenue for the quarter was up 93.1% compared to the same quarter last year. During the same period last year, the firm earned $0.51 EPS. As a group, equities analysts predict that Atlas Energy Solutions Inc. will post 0.8 earnings per share for the current fiscal year.

Atlas Energy Solutions Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, November 14th. Investors of record on Thursday, November 7th will be paid a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a yield of 5.01%. This is a boost from Atlas Energy Solutions’s previous quarterly dividend of $0.23. The ex-dividend date is Thursday, November 7th. Atlas Energy Solutions’s dividend payout ratio (DPR) is 116.46%.

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.