Quantbot Technologies LP Makes New Investment in Atlas Energy Solutions Inc. (NYSE:AESI)

Quantbot Technologies LP bought a new position in shares of Atlas Energy Solutions Inc. (NYSE:AESI) during the 4th quarter, Holdings Channel.com reports. The fund bought 16,259 shares of the company’s stock, valued at approximately $361,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in AESI. Commonwealth of Pennsylvania Public School Empls Retrmt SYS bought a new position in Atlas Energy Solutions during the 4th quarter worth $287,000. Maryland State Retirement & Pension System acquired a new stake in shares of Atlas Energy Solutions during the 4th quarter worth $453,000. Intech Investment Management LLC increased its position in shares of Atlas Energy Solutions by 109.9% in the fourth quarter. Intech Investment Management LLC now owns 31,142 shares of the company’s stock worth $691,000 after purchasing an additional 16,307 shares during the period. Thrivent Financial for Lutherans bought a new stake in Atlas Energy Solutions during the fourth quarter worth about $1,039,000. Finally, Royce & Associates LP bought a new stake in Atlas Energy Solutions during the fourth quarter worth $4,990,000. 34.59% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities analysts recently issued reports on the stock. Raymond James cut shares of Atlas Energy Solutions from a “strong-buy” rating to a “hold” rating in a research report on Monday, January 6th. Benchmark lowered their price target on shares of Atlas Energy Solutions from $28.00 to $25.00 and set a “buy” rating for the company in a report on Wednesday, February 26th. Royal Bank of Canada cut their price objective on Atlas Energy Solutions from $28.00 to $25.00 and set an “outperform” rating on the stock in a report on Wednesday, February 26th. Stephens upped their target price on Atlas Energy Solutions from $28.00 to $29.00 and gave the stock an “overweight” rating in a report on Tuesday, January 28th. Finally, Barclays cut their price target 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. Six 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 stock presently has a consensus rating of “Moderate Buy” and an average price target of $23.83.

Atlas Energy Solutions Stock Performance

Shares of AESI stock opened at $17.77 on Friday. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.23 and a quick ratio of 1.08. Atlas Energy Solutions Inc. has a one year low of $16.98 and a one year high of $26.86. The business’s 50 day simple moving average is $20.48 and its 200 day simple moving average is $21.31. The stock has a market capitalization of $2.16 billion, a PE ratio of 22.49 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 EPS for the quarter, missing analysts’ consensus estimates of $0.18 by ($0.12). Atlas Energy Solutions had a net margin of 8.78% and a return on equity of 11.01%. The firm had revenue of $271.34 million during the quarter, compared to the consensus estimate of $272.94 million. As a group, research analysts forecast that Atlas Energy Solutions Inc. will post 0.83 earnings per share for the current year.

Atlas Energy Solutions Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 28th. Stockholders of record on Friday, February 21st were paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 5.63%. This is an increase from Atlas Energy Solutions’s previous quarterly dividend of $0.24. The ex-dividend date was Friday, February 21st. Atlas Energy Solutions’s payout ratio is currently 178.57%.

Insider Activity at Atlas Energy Solutions

In related news, major shareholder Stacy Hock sold 10,000 shares of the business’s stock in a transaction 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 transaction, the insider now owns 907,604 shares in the company, valued at $19,930,983.84. The trade was a 1.09 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, major shareholder Brian Anthony Leveille sold 5,000 shares of the firm’s stock in a transaction on Thursday, January 2nd. The stock was sold at an average price of $23.00, for a total transaction of $115,000.00. Following the completion of the sale, the insider now owns 404,510 shares of the company’s stock, valued at $9,303,730. The trade was a 1.22 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 50,000 shares of company stock worth $1,164,750 in the last 90 days. Corporate insiders own 24.34% of the company’s stock.

About Atlas Energy Solutions

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.