11,422 Shares in Atlas Energy Solutions Inc. (NYSE:AESI) Bought by SG Americas Securities LLC

SG Americas Securities LLC purchased a new stake in Atlas Energy Solutions Inc. (NYSE:AESI) in the 3rd quarter, according to its most recent filing with the SEC. The institutional investor purchased 11,422 shares of the company’s stock, valued at approximately $249,000.

Several other large investors also recently modified their holdings of AESI. Whitebox Advisors LLC acquired a new stake in shares of Atlas Energy Solutions during the first quarter valued at about $49,712,000. Price T Rowe Associates Inc. MD lifted its holdings in Atlas Energy Solutions by 9,759.4% in the first quarter. Price T Rowe Associates Inc. MD now owns 1,628,485 shares of the company’s stock worth $36,838,000 after acquiring an additional 1,611,968 shares during the last quarter. Cooke & Bieler LP lifted its holdings in Atlas Energy Solutions by 775.7% in the second quarter. Cooke & Bieler LP now owns 1,699,013 shares of the company’s stock worth $33,861,000 after acquiring an additional 1,504,988 shares during the last quarter. Goldman Sachs Group Inc. lifted its holdings in Atlas Energy Solutions by 127.7% in the fourth quarter. Goldman Sachs Group Inc. now owns 1,136,136 shares of the company’s stock worth $19,564,000 after acquiring an additional 637,249 shares during the last quarter. Finally, Clearbridge Investments LLC lifted its holdings in Atlas Energy Solutions by 38.2% in the first quarter. Clearbridge Investments LLC now owns 2,305,271 shares of the company’s stock worth $52,145,000 after acquiring an additional 636,785 shares during the last quarter. 34.59% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on AESI. Royal Bank of Canada cut their target price on shares of Atlas Energy Solutions from $26.00 to $25.00 and set an “outperform” rating on the stock in a report on Friday, October 11th. Stephens reaffirmed an “overweight” rating and set a $28.00 price target on shares of Atlas Energy Solutions in a report on Tuesday, August 6th. Barclays cut their price target on Atlas Energy Solutions from $26.00 to $23.00 and set an “overweight” rating on the stock in a report on Wednesday, October 16th. Tudor Pickering raised Atlas Energy Solutions to a “strong-buy” rating in a report on Monday, June 24th. Finally, Bank of America cut their price target on Atlas Energy Solutions from $25.00 to $24.00 and set a “buy” rating on the stock in a report on Monday, July 15th. Eight analysts have rated the stock with a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, Atlas Energy Solutions has a consensus rating of “Buy” and a consensus target price of $25.75.

Atlas Energy Solutions Price Performance

Shares of NYSE:AESI opened at $19.86 on Tuesday. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.53 and a quick ratio of 1.35. The stock has a market cap of $1.99 billion, a price-to-earnings ratio of 11.03, a PEG ratio of 6.47 and a beta of 0.56. Atlas Energy Solutions Inc. has a 12 month low of $15.55 and a 12 month high of $24.93. The stock’s 50 day moving average price is $20.99 and its 200 day moving average price is $21.39.

Atlas Energy Solutions (NYSE:AESI) last posted its quarterly earnings data on Monday, August 5th. The company reported $0.13 earnings per share for the quarter, missing the consensus estimate of $0.31 by ($0.18). Atlas Energy Solutions had a return on equity of 16.75% and a net margin of 13.71%. The firm had revenue of $287.52 million for the quarter, compared to analysts’ expectations of $270.55 million. During the same quarter in the previous year, the firm posted $0.69 earnings per share. The company’s revenue for the quarter was up 77.7% on a year-over-year basis. Equities research analysts anticipate that Atlas Energy Solutions Inc. will post 1.48 earnings per share for the current fiscal year.

Atlas Energy Solutions Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, August 22nd. Shareholders of record on Thursday, August 15th were given a dividend of $0.23 per share. This represents a $0.92 annualized dividend and a yield of 4.63%. This is a boost from Atlas Energy Solutions’s previous quarterly dividend of $0.22. The ex-dividend date was Thursday, August 15th. Atlas Energy Solutions’s payout ratio is presently 51.11%.

Insiders Place Their Bets

In other Atlas Energy Solutions news, major shareholder Stacy Hock sold 8,571 shares of Atlas Energy Solutions stock in a transaction that occurred on Wednesday, September 11th. The shares were sold at an average price of $19.44, for a total transaction of $166,620.24. Following the transaction, the insider now directly owns 943,317 shares in the company, valued at approximately $18,338,082.48. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other Atlas Energy Solutions news, major shareholder Stacy Hock sold 8,571 shares of Atlas Energy Solutions stock in a transaction on Wednesday, September 11th. The shares were sold at an average price of $19.44, for a total transaction of $166,620.24. Following the completion of the sale, the insider now owns 943,317 shares of the company’s stock, valued at $18,338,082.48. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, major shareholder Gregory M. Shepard acquired 1,797 shares of Atlas Energy Solutions stock in a transaction that occurred on Friday, October 18th. The stock was acquired at an average cost of $19.65 per share, with a total value of $35,311.05. Following the purchase, the insider now owns 7,507,194 shares in the company, valued at $147,516,362.10. The trade was a 0.00 % increase in their position. The disclosure for this purchase can be found here. In the last three months, insiders have sold 35,713 shares of company stock worth $729,117. Corporate insiders own 24.34% of the company’s stock.

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.