Quantbot Technologies LP Makes New Investment in Atlas Energy Solutions Inc. (NYSE:AESI)

Quantbot Technologies LP bought a new stake in Atlas Energy Solutions Inc. (NYSE:AESI) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 16,259 shares of the company’s stock, valued at approximately $361,000.

Other large investors also recently modified their holdings of the company. Wellington Management Group LLP bought a new stake in Atlas Energy Solutions in the 3rd quarter valued at $17,314,000. First Sabrepoint Capital Management LP acquired a new stake in shares of Atlas Energy Solutions in the 3rd quarter valued at about $8,066,000. Copeland Capital Management LLC lifted its holdings in shares of Atlas Energy Solutions by 19.3% in the fourth quarter. Copeland Capital Management LLC now owns 2,247,774 shares of the company’s stock valued at $49,856,000 after purchasing an additional 363,742 shares in the last quarter. Bank of New York Mellon Corp boosted its position in shares of Atlas Energy Solutions by 75.5% during the fourth quarter. Bank of New York Mellon Corp now owns 835,683 shares of the company’s stock worth $18,535,000 after buying an additional 359,420 shares during the period. Finally, Principal Financial Group Inc. grew its holdings in shares of Atlas Energy Solutions by 759.9% during the fourth quarter. Principal Financial Group Inc. now owns 332,916 shares of the company’s stock worth $7,384,000 after buying an additional 294,201 shares in the last quarter. 34.59% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other news, major shareholder Brian Anthony Leveille sold 5,000 shares of the business’s stock in a transaction that occurred on Thursday, January 2nd. The stock was sold at an average price of $23.00, for a total transaction of $115,000.00. Following the completion of the sale, the insider now owns 404,510 shares in the company, valued at $9,303,730. The trade was a 1.22 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, major shareholder Stacy Hock sold 10,000 shares of the company’s stock in a transaction that occurred on Friday, January 10th. The shares were sold at an average price of $21.96, for a total value of $219,600.00. Following the completion of the transaction, the insider now directly owns 907,604 shares in the company, valued at $19,930,983.84. The trade was a 1.09 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 50,000 shares of company stock valued at $1,164,750. Company insiders own 24.34% of the company’s stock.

Atlas Energy Solutions Price Performance

Shares of NYSE AESI opened at $17.77 on Friday. Atlas Energy Solutions Inc. has a twelve month low of $16.98 and a twelve month high of $26.86. The company has a market cap of $2.16 billion, a PE ratio of 22.49 and a beta of 1.18. The business’s 50 day moving average price is $20.48 and its two-hundred day moving average price is $21.31. The company has a quick ratio of 1.08, a current ratio of 1.23 and a debt-to-equity ratio of 0.42.

Atlas Energy Solutions (NYSE:AESI) last posted its quarterly earnings results on Monday, February 24th. The company reported $0.06 earnings per share for the quarter, missing analysts’ consensus estimates of $0.18 by ($0.12). Atlas Energy Solutions had a net margin of 8.78% and a return on equity of 11.01%. The business had revenue of $271.34 million during the quarter, compared to the consensus estimate of $272.94 million. On average, analysts predict that Atlas Energy Solutions Inc. will post 0.83 EPS for the current year.

Atlas Energy Solutions Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, February 28th. Investors of record on Friday, February 21st were issued a dividend of $0.25 per share. This is an increase from Atlas Energy Solutions’s previous quarterly dividend of $0.24. The ex-dividend date of this dividend was Friday, February 21st. This represents a $1.00 annualized dividend and a dividend yield of 5.63%. Atlas Energy Solutions’s payout ratio is presently 178.57%.

Analysts Set New Price Targets

Several equities research analysts have commented on the company. Barclays cut their target price on Atlas Energy Solutions from $23.00 to $19.00 and set an “equal weight” rating on the stock in a research note on Monday, March 3rd. Stephens raised their target price on shares of Atlas Energy Solutions from $28.00 to $29.00 and gave the company an “overweight” rating in a research report on Tuesday, January 28th. The Goldman Sachs Group started coverage on shares of Atlas Energy Solutions in a research note on Friday, December 13th. They issued a “neutral” rating and a $23.00 price target on the stock. Bank of America restated a “neutral” rating and set a $22.50 price objective on shares of Atlas Energy Solutions in a research note on Monday, January 13th. Finally, Piper Sandler began coverage on Atlas Energy Solutions in a research report on Wednesday, March 12th. They issued an “overweight” rating and a $22.00 target price on the stock. Six equities research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, Atlas Energy Solutions has an average rating of “Moderate Buy” and a consensus price target of $23.83.

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.