Atlas Energy Solutions Inc. (NYSE:AESI) Shares Bought by Cetera Investment Advisers

Cetera Investment Advisers boosted its holdings in shares of Atlas Energy Solutions Inc. (NYSE:AESI) by 1.0% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 88,654 shares of the company’s stock after purchasing an additional 897 shares during the period. Cetera Investment Advisers’ holdings in Atlas Energy Solutions were worth $1,767,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Beck Capital Management LLC raised its position in shares of Atlas Energy Solutions by 0.6% in the second quarter. Beck Capital Management LLC now owns 130,588 shares of the company’s stock worth $2,603,000 after acquiring an additional 749 shares during the period. First Horizon Advisors Inc. raised its position in shares of Atlas Energy Solutions by 313.7% in the second quarter. First Horizon Advisors Inc. now owns 1,725 shares of the company’s stock worth $34,000 after acquiring an additional 1,308 shares during the period. Amalgamated Bank raised its position in shares of Atlas Energy Solutions by 328.1% in the second quarter. Amalgamated Bank now owns 2,350 shares of the company’s stock worth $47,000 after acquiring an additional 1,801 shares during the period. DekaBank Deutsche Girozentrale raised its position in shares of Atlas Energy Solutions by 54.1% in the second quarter. DekaBank Deutsche Girozentrale now owns 5,297 shares of the company’s stock worth $107,000 after acquiring an additional 1,860 shares during the period. Finally, Outfitter Financial LLC increased its stake in shares of Atlas Energy Solutions by 6.4% during the first quarter. Outfitter Financial LLC now owns 36,740 shares of the company’s stock worth $831,000 after purchasing an additional 2,200 shares in the last quarter. 34.59% of the stock is currently owned by institutional investors and hedge funds.

Atlas Energy Solutions Stock Down 0.2 %

Shares of NYSE AESI opened at $20.40 on Tuesday. Atlas Energy Solutions Inc. has a 12-month low of $15.55 and a 12-month high of $24.93. The stock has a market cap of $2.04 billion, a PE ratio of 11.33, a P/E/G ratio of 6.47 and a beta of 0.56. The company has a current ratio of 1.53, a quick ratio of 1.35 and a debt-to-equity ratio of 0.42. The company has a 50-day moving average of $20.94 and a 200 day moving average of $21.48.

Atlas Energy Solutions (NYSE:AESI) last posted its quarterly earnings results 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 net margin of 13.71% and a return on equity of 16.75%. The firm had revenue of $287.52 million during the quarter, compared to analysts’ expectations of $270.55 million. During the same period last year, the company earned $0.69 EPS. The business’s quarterly revenue was up 77.7% on a year-over-year basis. As a group, sell-side analysts predict that Atlas Energy Solutions Inc. will post 1.48 EPS for the current fiscal year.

Atlas Energy Solutions Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, August 22nd. Stockholders of record on Thursday, August 15th were paid a $0.23 dividend. This is a boost from Atlas Energy Solutions’s previous quarterly dividend of $0.22. The ex-dividend date was Thursday, August 15th. This represents a $0.92 annualized dividend and a dividend yield of 4.51%. Atlas Energy Solutions’s dividend payout ratio is 51.11%.

Analyst Ratings Changes

A number of analysts have recently commented on AESI shares. Tudor Pickering raised shares of Atlas Energy Solutions to a “strong-buy” rating in a research note on Monday, June 24th. The Goldman Sachs Group cut their target price on shares of Atlas Energy Solutions from $28.00 to $25.00 and set a “buy” rating for the company in a research note on Thursday, August 29th. Benchmark reissued a “buy” rating and set a $27.00 target price on shares of Atlas Energy Solutions in a research note on Tuesday, August 6th. Piper Sandler cut their target price on shares of Atlas Energy Solutions from $29.00 to $27.00 and set an “overweight” rating for the company in a research note on Monday, July 15th. Finally, Royal Bank of Canada dropped their price objective on shares of Atlas Energy Solutions from $26.00 to $25.00 and set an “outperform” rating for the company in a research note on Friday. Eight analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Buy” and a consensus price target of $26.13.

Insider Activity

In related news, major shareholder Stacy Hock sold 8,571 shares of the stock in a transaction that occurred on Monday, August 19th. The shares were sold at an average price of $20.22, for a total transaction of $173,305.62. Following the completion of the transaction, the insider now owns 951,888 shares of the company’s stock, valued at approximately $19,247,175.36. This trade represents 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 Gregory M. Shepard purchased 3,248 shares of the business’s stock in a transaction on Thursday, July 18th. The shares were bought at an average cost of $21.68 per share, for a total transaction of $70,416.64. Following the completion of the purchase, the insider now directly owns 7,503,197 shares of the company’s stock, valued at approximately $162,669,310.96. This trade represents a 0.00 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, major shareholder Stacy Hock sold 8,571 shares of the stock in a transaction dated Monday, August 19th. The stock was sold at an average price of $20.22, for a total transaction of $173,305.62. Following the sale, the insider now directly owns 951,888 shares in the company, valued at $19,247,175.36. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 25,713 shares of company stock valued at $524,117 in the last 90 days. Company insiders own 24.34% of the company’s stock.

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.