Chatham Capital Group Inc. Purchases New Position in Atlas Energy Solutions Inc. (NYSE:AESI)

Chatham Capital Group Inc. purchased a new stake in Atlas Energy Solutions Inc. (NYSE:AESI) during the fourth quarter, according to its most recent filing with the SEC. The firm purchased 55,275 shares of the company’s stock, valued at approximately $1,226,000. Chatham Capital Group Inc. owned 0.05% of Atlas Energy Solutions at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of the company. Stifel Financial Corp raised its holdings in Atlas Energy Solutions by 28.6% during the 3rd quarter. Stifel Financial Corp now owns 126,667 shares of the company’s stock worth $2,761,000 after buying an additional 28,158 shares during the period. Louisiana State Employees Retirement System acquired a new stake in Atlas Energy Solutions during the 4th quarter worth approximately $650,000. Hodges Capital Management Inc. raised its holdings in Atlas Energy Solutions by 44.7% during the 4th quarter. Hodges Capital Management Inc. now owns 194,000 shares of the company’s stock worth $4,302,000 after buying an additional 59,940 shares during the period. Charles Schwab Investment Management Inc. raised its holdings in Atlas Energy Solutions by 5.3% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 518,569 shares of the company’s stock worth $11,305,000 after buying an additional 25,999 shares during the period. Finally, Copeland Capital Management LLC raised its holdings in Atlas Energy Solutions by 19.3% during the 4th quarter. Copeland Capital Management LLC now owns 2,247,774 shares of the company’s stock worth $49,856,000 after buying an additional 363,742 shares during the period. 34.59% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several analysts have commented on AESI shares. Benchmark dropped their target price on shares of Atlas Energy Solutions from $28.00 to $25.00 and set a “buy” rating on the stock in a report on Wednesday, February 26th. Stephens lifted their price objective on shares of Atlas Energy Solutions from $28.00 to $29.00 and gave the company an “overweight” rating in a report on Tuesday, January 28th. Raymond James downgraded shares of Atlas Energy Solutions from a “strong-buy” rating to a “hold” rating in a report on Monday, January 6th. Bank of America reiterated a “neutral” rating and issued a $22.50 price objective on shares of Atlas Energy Solutions in a report on Monday, January 13th. Finally, 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 report on Wednesday, February 26th. Six analysts have rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $24.39.

Insiders Place Their Bets

In other Atlas Energy Solutions news, major shareholder Brian Anthony Leveille sold 12,500 shares of Atlas Energy Solutions stock in a transaction on Monday, January 27th. The shares were sold at an average price of $24.46, for a total transaction of $305,750.00. Following the completion of the transaction, the insider now directly owns 362,010 shares of the company’s stock, valued at $8,854,764.60. The trade was a 3.34 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, major shareholder Stacy Hock sold 8,571 shares of the business’s stock in a transaction dated Wednesday, December 18th. The shares were sold at an average price of $22.55, for a total transaction of $193,276.05. Following the completion of the sale, the insider now directly owns 917,604 shares of the company’s stock, valued at approximately $20,691,970.20. The trade was a 0.93 % decrease in their position. 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 ninety days. 24.34% of the stock is currently owned by company insiders.

Atlas Energy Solutions Price Performance

NYSE:AESI opened at $17.31 on Friday. Atlas Energy Solutions Inc. has a 1-year low of $16.98 and a 1-year high of $26.86. The company has a current ratio of 1.23, a quick ratio of 1.08 and a debt-to-equity ratio of 0.42. The firm has a fifty day simple moving average of $22.07 and a 200 day simple moving average of $21.63. The stock has a market capitalization of $1.91 billion, a PE ratio of 21.91 and a beta of 1.18.

Atlas Energy Solutions (NYSE:AESI) last released its earnings results on Monday, February 24th. The company reported $0.06 earnings per share for the quarter, missing the consensus estimate 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. On average, research analysts expect that Atlas Energy Solutions Inc. will post 0.83 EPS for the current fiscal year.

Atlas Energy Solutions Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 28th. Shareholders of record on Friday, February 21st were given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 5.78%. This is a boost from Atlas Energy Solutions’s previous quarterly dividend of $0.24. The ex-dividend date of this dividend was Friday, February 21st. Atlas Energy Solutions’s payout ratio is 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.