Crestline Management LP Trims Stake in Atlas Energy Solutions Inc. (NYSE:AESI)

Crestline Management LP decreased its stake in shares of Atlas Energy Solutions Inc. (NYSE:AESI) by 6.3% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 33,004 shares of the company’s stock after selling 2,236 shares during the quarter. Crestline Management LP’s holdings in Atlas Energy Solutions were worth $732,000 at the end of the most recent reporting period.

Other institutional investors also recently made changes to their positions in the company. Prudential Financial Inc. acquired a new stake in shares of Atlas Energy Solutions during the fourth quarter valued at $1,366,000. Louisiana State Employees Retirement System purchased a new position in Atlas Energy Solutions in the 4th quarter valued at about $650,000. Hodges Capital Management Inc. boosted its stake in shares of 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 purchasing an additional 59,940 shares during the last quarter. Vanguard Group Inc. grew its holdings in shares of Atlas Energy Solutions by 12.6% during the fourth quarter. Vanguard Group Inc. now owns 6,915,325 shares of the company’s stock worth $153,382,000 after buying an additional 773,035 shares in the last quarter. Finally, Sei Investments Co. raised its position in shares of Atlas Energy Solutions by 15.5% in the fourth quarter. Sei Investments Co. now owns 213,857 shares of the company’s stock valued at $4,744,000 after buying an additional 28,639 shares during the last quarter. 34.59% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, major shareholder Gregory M. Shepard bought 32,155 shares of Atlas Energy Solutions stock in a transaction dated Thursday, February 27th. The shares were acquired at an average cost of $19.04 per share, with a total value of $612,231.20. Following the completion of the transaction, the insider now owns 7,651,210 shares in the company, valued at approximately $145,679,038.40. This trade represents a 0.42 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 15.98% of the stock is currently owned by insiders.

Atlas Energy Solutions Stock Up 2.6 %

Shares of NYSE:AESI opened at $12.57 on Friday. Atlas Energy Solutions Inc. has a 1 year low of $11.76 and a 1 year high of $26.86. The stock has a 50-day simple moving average of $15.50 and a 200-day simple moving average of $19.72. The company has a debt-to-equity ratio of 0.42, a quick ratio of 1.08 and a current ratio of 1.23. The stock has a market capitalization of $1.53 billion, a P/E ratio of 15.91 and a beta of 1.34.

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

Atlas Energy Solutions Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, May 22nd. Shareholders of record on Thursday, May 15th will be given a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 7.96%. The ex-dividend date is Thursday, May 15th. Atlas Energy Solutions’s dividend payout ratio (DPR) is presently 178.57%.

Analyst Ratings Changes

Several analysts have commented on the stock. Benchmark lowered 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 Wednesday, February 26th. Piper Sandler lowered their price objective on Atlas Energy Solutions from $22.00 to $17.00 and set an “overweight” rating for the company in a research report on Thursday. Stephens increased their target price on Atlas Energy Solutions from $28.00 to $29.00 and gave the stock an “overweight” rating in a research report on Tuesday, January 28th. Royal Bank of Canada lowered their price target on Atlas Energy Solutions from $21.00 to $17.00 and set an “outperform” rating for the company in a report on Wednesday. Finally, Bank of America reiterated a “neutral” rating and set a $22.50 price objective on shares of Atlas Energy Solutions in a report on Monday, January 13th. Six investment analysts have rated the stock with a hold rating, five have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $20.81.

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.