Beck Capital Management LLC Acquires 3,556 Shares of Atlas Energy Solutions Inc. (NYSE:AESI)

Beck Capital Management LLC increased its stake in Atlas Energy Solutions Inc. (NYSE:AESI) by 2.7% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 134,144 shares of the company’s stock after purchasing an additional 3,556 shares during the period. Beck Capital Management LLC owned approximately 0.12% of Atlas Energy Solutions worth $2,924,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Vanguard Group Inc. increased its holdings in shares of Atlas Energy Solutions by 0.7% in the 1st quarter. Vanguard Group Inc. now owns 4,615,793 shares of the company’s stock worth $104,409,000 after buying an additional 33,286 shares during the last quarter. Barrow Hanley Mewhinney & Strauss LLC increased its stake in Atlas Energy Solutions by 1.1% in the second quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 2,696,418 shares of the company’s stock valued at $53,740,000 after acquiring an additional 30,082 shares during the last quarter. Meridian Wealth Advisors LLC increased its stake in Atlas Energy Solutions by 25.8% in the second quarter. Meridian Wealth Advisors LLC now owns 2,677,490 shares of the company’s stock valued at $53,362,000 after acquiring an additional 548,620 shares during the last quarter. Copeland Capital Management LLC raised its position in Atlas Energy Solutions by 19.8% during the third quarter. Copeland Capital Management LLC now owns 1,884,032 shares of the company’s stock valued at $41,072,000 after purchasing an additional 311,228 shares in the last quarter. Finally, Cooke & Bieler LP lifted its stake in Atlas Energy Solutions by 775.7% during the second quarter. Cooke & Bieler LP now owns 1,699,013 shares of the company’s stock worth $33,861,000 after purchasing an additional 1,504,988 shares during the last quarter. 34.59% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Atlas Energy Solutions

In related news, major shareholder Gregory M. Shepard acquired 23,300 shares of Atlas Energy Solutions stock in a transaction that occurred on Thursday, October 24th. The stock was bought at an average price of $19.55 per share, with a total value of $455,515.00. Following the transaction, the insider now directly owns 7,540,306 shares in the company, valued at approximately $147,412,982.30. This represents a 0.31 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, major shareholder Brian Anthony Leveille sold 30,000 shares of Atlas Energy Solutions stock in a transaction on Monday, November 25th. The shares were sold at an average price of $24.02, for a total value of $720,600.00. Following the transaction, the insider now owns 432,010 shares of the company’s stock, valued at $10,376,880.20. The trade was a 6.49 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have acquired 60,869 shares of company stock valued at $1,187,983 and have sold 115,713 shares valued at $2,517,431. Insiders own 24.34% of the company’s stock.

Atlas Energy Solutions Price Performance

Shares of Atlas Energy Solutions stock opened at $23.57 on Monday. The firm has a market cap of $2.60 billion, a PE ratio of 29.84, a price-to-earnings-growth ratio of 11.92 and a beta of 0.69. The company’s fifty day simple moving average is $21.25 and its two-hundred day simple moving average is $21.06. 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 Inc. has a 12-month low of $15.55 and a 12-month high of $24.93.

Atlas Energy Solutions (NYSE:AESI) last released its quarterly earnings results on Monday, October 28th. The company reported $0.04 earnings per share for the quarter, missing the consensus estimate of $0.29 by ($0.25). Atlas Energy Solutions had a net margin of 8.78% and a return on equity of 11.01%. The company had revenue of $304.40 million during the quarter, compared to the consensus estimate of $307.93 million. During the same quarter last year, the firm earned $0.51 EPS. The business’s revenue was up 93.1% on a year-over-year basis. As a group, equities analysts expect that Atlas Energy Solutions Inc. will post 0.88 EPS for the current year.

Atlas Energy Solutions Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, November 14th. Shareholders of record on Thursday, November 7th were issued a $0.24 dividend. This is an increase from Atlas Energy Solutions’s previous quarterly dividend of $0.23. The ex-dividend date of this dividend was Thursday, November 7th. This represents a $0.96 dividend on an annualized basis and a yield of 4.07%. Atlas Energy Solutions’s dividend payout ratio is 121.52%.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on the company. Stephens reissued an “overweight” rating and set a $28.00 price objective on shares of Atlas Energy Solutions in a report on Tuesday, August 6th. Royal Bank of Canada reissued an “outperform” rating and set a $25.00 price target on shares of Atlas Energy Solutions in a research note on Wednesday, October 30th. Barclays lowered shares of Atlas Energy Solutions from an “overweight” rating to an “equal weight” rating and lowered their price objective for the stock from $23.00 to $19.00 in a report on Tuesday, November 12th. Benchmark reaffirmed a “buy” rating and set a $27.00 target price on shares of Atlas Energy Solutions in a report on Tuesday, August 6th. Finally, Pickering Energy Partners downgraded shares of Atlas Energy Solutions from an “outperform” rating to a “neutral” rating in a research note on Wednesday, October 30th. Four equities research analysts have rated the stock with a hold rating, six have given a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, Atlas Energy Solutions presently has a consensus rating of “Moderate Buy” and a consensus price target of $24.44.

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.