Atlas Energy Solutions Inc. (NYSE:AESI) Position Raised by MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd.

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in shares of Atlas Energy Solutions Inc. (NYSE:AESI) by 3.6% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 38,630 shares of the company’s stock after acquiring an additional 1,354 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd.’s holdings in Atlas Energy Solutions were worth $857,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of AESI. Quarry LP bought a new stake in shares of Atlas Energy Solutions during the fourth quarter valued at approximately $27,000. CBIZ Investment Advisory Services LLC boosted its position in Atlas Energy Solutions by 62.9% during the 4th quarter. CBIZ Investment Advisory Services LLC now owns 1,354 shares of the company’s stock worth $30,000 after acquiring an additional 523 shares during the period. Tower Research Capital LLC TRC grew its stake in shares of Atlas Energy Solutions by 307.9% in the fourth quarter. Tower Research Capital LLC TRC now owns 1,387 shares of the company’s stock worth $31,000 after purchasing an additional 1,047 shares in the last quarter. Global Retirement Partners LLC grew its stake in shares of 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 purchasing an additional 1,276 shares in the last quarter. Finally, Promus Capital LLC bought a new stake in shares of Atlas Energy Solutions during the fourth quarter valued at about $55,000. 34.59% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Atlas Energy Solutions

In other news, major shareholder Gregory M. Shepard acquired 32,155 shares of the firm’s stock in a transaction dated Thursday, February 27th. The shares were bought at an average price of $19.04 per share, with a total value of $612,231.20. Following the acquisition, the insider now owns 7,651,210 shares of the company’s stock, valued at $145,679,038.40. This trade represents a 0.42% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Douglas G. Rogers purchased 7,000 shares of the firm’s stock in a transaction on Wednesday, May 14th. The shares were acquired at an average price of $13.27 per share, for a total transaction of $92,890.00. Following the purchase, the director now directly owns 10,000 shares of the company’s stock, valued at approximately $132,700. This represents a 233.33% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders purchased a total of 48,790 shares of company stock worth $834,038 in the last ninety days. 15.98% of the stock is currently owned by insiders.

Atlas Energy Solutions Trading Down 1.0%

Atlas Energy Solutions stock opened at $12.43 on Tuesday. Atlas Energy Solutions Inc. has a one year low of $11.76 and a one year high of $26.86. The company’s fifty day moving average price is $14.45 and its two-hundred day moving average price is $19.17. 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 capitalization of $1.54 billion, a price-to-earnings ratio of 15.73 and a beta of 1.34.

Atlas Energy Solutions (NYSE:AESI) last released its quarterly earnings results on Monday, May 5th. The company reported $0.08 EPS for the quarter, missing analysts’ consensus estimates of $0.18 by ($0.10). The firm had revenue of $297.59 million during the quarter, compared to the consensus estimate of $291.13 million. Atlas Energy Solutions had a net margin of 8.78% and a return on equity of 11.01%. The company’s revenue for the quarter was up 54.5% compared to the same quarter last year. During the same period in the prior year, the business earned $0.26 EPS. On average, analysts forecast that Atlas Energy Solutions Inc. will post 0.83 earnings per share for the current fiscal year.

Atlas Energy Solutions Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, May 22nd. Investors of record on Thursday, May 15th were paid a dividend of $0.25 per share. The ex-dividend date of this dividend was Thursday, May 15th. This represents a $1.00 annualized dividend and a yield of 8.05%. Atlas Energy Solutions’s payout ratio is 322.58%.

Analyst Ratings Changes

Several research analysts have recently issued reports on AESI shares. Citigroup decreased their price objective on shares of Atlas Energy Solutions from $18.00 to $14.00 and set a “neutral” rating for the company in a report on Tuesday, May 13th. Barclays dropped their price objective 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 increased 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 note on Tuesday, January 28th. Piper Sandler reduced their target price on Atlas Energy Solutions from $22.00 to $17.00 and set an “overweight” rating for the company in a report on Thursday, May 8th. Finally, Royal Bank of Canada dropped their price objective on shares of Atlas Energy Solutions from $21.00 to $17.00 and set an “outperform” rating on the stock in a research note on Wednesday, May 7th. Six investment analysts have rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $19.28.

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.