Alpine Woods Capital Investors LLC Cuts Stake in Atlas Energy Solutions Inc. (NYSE:AESI)

Alpine Woods Capital Investors LLC lessened its stake in Atlas Energy Solutions Inc. (NYSE:AESI) by 81.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 15,613 shares of the company’s stock after selling 70,000 shares during the quarter. Alpine Woods Capital Investors LLC’s holdings in Atlas Energy Solutions were worth $346,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of AESI. Global Retirement Partners LLC raised its holdings in Atlas Energy Solutions by 191.9% in the fourth quarter. Global Retirement Partners LLC now owns 1,941 shares of the company’s stock worth $43,000 after buying an additional 1,276 shares during the last quarter. Quest Partners LLC bought a new position in Atlas Energy Solutions in the 3rd quarter valued at approximately $48,000. Promus Capital LLC bought a new position in Atlas Energy Solutions in the 4th quarter valued at approximately $55,000. FMR LLC boosted its stake in Atlas Energy Solutions by 101.0% during the 3rd 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. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in shares of Atlas Energy Solutions by 55.2% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,745 shares of the company’s stock worth $125,000 after purchasing an additional 2,043 shares in the last quarter. Institutional investors own 34.59% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts recently commented on the company. The Goldman Sachs Group began coverage on Atlas Energy Solutions in a research report on Friday, December 13th. They set a “neutral” rating and a $23.00 price objective on the stock. Raymond James downgraded shares of Atlas Energy Solutions from a “strong-buy” rating to a “hold” rating in a report on Monday, January 6th. Stephens lifted their price target on shares of Atlas Energy Solutions from $28.00 to $29.00 and gave the stock an “overweight” rating in a research note on Tuesday, January 28th. Royal Bank of Canada lowered their price objective on shares of Atlas Energy Solutions from $28.00 to $25.00 and set an “outperform” rating on the stock in a research report on Wednesday, February 26th. Finally, Barclays cut their target price on shares of Atlas Energy Solutions from $23.00 to $19.00 and set an “equal weight” rating for the company in a research report on Monday, March 3rd. Six equities research analysts have rated the stock with a hold rating, five have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $23.83.

Insider Transactions at Atlas Energy Solutions

In other Atlas Energy Solutions news, major shareholder Brian Anthony Leveille sold 5,000 shares of the company’s stock in a transaction that occurred on 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 directly owns 409,510 shares in the company, valued at $9,488,346.70. This represents a 1.21 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, major shareholder Stacy Hock sold 10,000 shares of the stock in a transaction that occurred on Friday, January 10th. The shares were sold at an average price of $21.96, for a total transaction of $219,600.00. Following the sale, the insider now directly owns 907,604 shares of the company’s stock, valued at approximately $19,930,983.84. This trade represents a 1.09 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 63,571 shares of company stock valued at $1,473,876 over the last three months. Corporate insiders own 24.34% of the company’s stock.

Atlas Energy Solutions Trading Down 1.9 %

Shares of AESI stock opened at $17.21 on Friday. The firm has a fifty day moving average price of $21.61 and a 200-day moving average price of $21.53. Atlas Energy Solutions Inc. has a 1 year low of $16.98 and a 1 year high of $26.86. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.23 and a quick ratio of 1.08. The company has a market cap of $2.10 billion, a price-to-earnings ratio of 21.79 and a beta of 1.18.

Atlas Energy Solutions (NYSE:AESI) last posted its quarterly earnings data 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). The company had revenue of $271.34 million for the quarter, compared to analysts’ expectations of $272.94 million. Atlas Energy Solutions had a net margin of 8.78% and a return on equity of 11.01%. As a group, equities analysts predict that Atlas Energy Solutions Inc. will post 0.83 earnings per share for the current year.

Atlas Energy Solutions Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, February 28th. Shareholders of record on Friday, February 21st were given a $0.25 dividend. This is a positive change from Atlas Energy Solutions’s previous quarterly dividend of $0.24. This represents a $1.00 dividend on an annualized basis and a dividend yield of 5.81%. The ex-dividend date was Friday, February 21st. Atlas Energy Solutions’s dividend payout ratio is presently 178.57%.

Atlas Energy Solutions 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.