Quadrature Capital Ltd Sells 27,534 Shares of Atlas Energy Solutions Inc. (NYSE:AESI)

Quadrature Capital Ltd lowered its stake in shares of Atlas Energy Solutions Inc. (NYSE:AESI) by 70.4% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 11,592 shares of the company’s stock after selling 27,534 shares during the period. Quadrature Capital Ltd’s holdings in Atlas Energy Solutions were worth $200,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Tucker Asset Management LLC acquired a new position in shares of Atlas Energy Solutions during the 3rd quarter worth approximately $49,000. PNC Financial Services Group Inc. increased its holdings in shares of Atlas Energy Solutions by 1,328.5% during the 3rd quarter. PNC Financial Services Group Inc. now owns 5,571 shares of the company’s stock worth $124,000 after acquiring an additional 5,181 shares during the last quarter. Barclays PLC increased its holdings in shares of Atlas Energy Solutions by 79.4% during the 3rd quarter. Barclays PLC now owns 5,996 shares of the company’s stock worth $134,000 after acquiring an additional 2,654 shares during the last quarter. Wealthsource Partners LLC acquired a new position in shares of Atlas Energy Solutions during the 4th quarter worth approximately $172,000. Finally, CoreCommodity Management LLC acquired a new position in shares of Atlas Energy Solutions during the 4th quarter worth approximately $185,000. Institutional investors own 34.59% of the company’s stock.

Insider Buying and Selling

In related news, major shareholder Chad M. Mcever sold 100,000 shares of Atlas Energy Solutions stock in a transaction on Tuesday, May 21st. The stock was sold at an average price of $24.55, for a total transaction of $2,455,000.00. Following the sale, the insider now directly owns 451,755 shares in the company, valued at $11,090,585.25. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Atlas Energy Solutions news, major shareholder Chad M. Mcever sold 100,000 shares of the business’s stock in a transaction on Tuesday, May 21st. The stock was sold at an average price of $24.55, for a total value of $2,455,000.00. Following the sale, the insider now directly owns 451,755 shares in the company, valued at $11,090,585.25. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, major shareholder Richard W. Schmidt sold 45,948 shares of the business’s stock in a transaction on Wednesday, May 15th. The shares were sold at an average price of $23.06, for a total value of $1,059,560.88. Following the completion of the sale, the insider now owns 983,315 shares in the company, valued at $22,675,243.90. The disclosure for this sale can be found here. Over the last three months, insiders have sold 205,672 shares of company stock worth $4,859,410. 24.34% of the stock is owned by company insiders.

Atlas Energy Solutions Trading Up 0.8 %

Shares of Atlas Energy Solutions stock opened at $19.78 on Friday. The company has a debt-to-equity ratio of 0.43, a quick ratio of 2.05 and a current ratio of 2.24. Atlas Energy Solutions Inc. has a 52 week low of $15.55 and a 52 week high of $24.93. The stock has a 50 day moving average price of $22.14 and a two-hundred day moving average price of $20.13. The stock has a market capitalization of $1.98 billion, a PE ratio of 10.99, a price-to-earnings-growth ratio of 2.93 and a beta of 0.73.

Atlas Energy Solutions (NYSE:AESI) last posted its earnings results on Monday, May 6th. The company reported $0.26 earnings per share for the quarter, missing analysts’ consensus estimates of $0.38 by ($0.12). Atlas Energy Solutions had a net margin of 19.98% and a return on equity of 29.56%. The company had revenue of $192.67 million during the quarter, compared to the consensus estimate of $196.39 million. During the same quarter in the prior year, the business earned $0.03 EPS. The firm’s revenue for the quarter was up 25.6% compared to the same quarter last year. As a group, equities analysts anticipate that Atlas Energy Solutions Inc. will post 2.02 earnings per share for the current fiscal year.

Atlas Energy Solutions Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, May 23rd. Investors of record on Thursday, May 16th were issued a dividend of $0.22 per share. This is a positive change from Atlas Energy Solutions’s previous quarterly dividend of $0.21. This represents a $0.88 dividend on an annualized basis and a yield of 4.45%. The ex-dividend date of this dividend was Wednesday, May 15th. Atlas Energy Solutions’s dividend payout ratio (DPR) is 35.56%.

Analyst Upgrades and Downgrades

AESI has been the topic of a number of research reports. Barclays upped their price objective on Atlas Energy Solutions from $23.00 to $26.00 and gave the company an “overweight” rating in a report on Tuesday, March 5th. Raymond James upped their price objective on Atlas Energy Solutions from $26.00 to $27.00 and gave the company a “strong-buy” rating in a report on Tuesday, April 16th. Tudor Pickering raised Atlas Energy Solutions to a “strong-buy” rating in a report on Monday. The Goldman Sachs Group upped their price objective on Atlas Energy Solutions from $25.00 to $28.00 and gave the company a “buy” rating in a report on Tuesday, May 28th. Finally, Tudor, Pickering, Holt & Co. initiated coverage on Atlas Energy Solutions in a report on Monday. They issued a “buy” rating on the stock. Seven investment analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Buy” and a consensus price target of $26.00.

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.