Pathstone Holdings LLC Decreases Stock Holdings in Atlas Energy Solutions Inc. (NYSE:AESI)

Pathstone Holdings LLC lessened its stake in Atlas Energy Solutions Inc. (NYSE:AESI) by 2.3% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 123,456 shares of the company’s stock after selling 2,925 shares during the period. Pathstone Holdings LLC owned 0.11% of Atlas Energy Solutions worth $2,691,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also added to or reduced their stakes in the company. First Horizon Advisors Inc. raised its stake in shares of Atlas Energy Solutions by 313.7% during the 2nd 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 in the last quarter. Quest Partners LLC acquired a new position in shares of Atlas Energy Solutions during the third quarter worth $48,000. Amalgamated Bank boosted its position in shares of Atlas Energy Solutions by 328.1% in the 2nd quarter. Amalgamated Bank now owns 2,350 shares of the company’s stock worth $47,000 after purchasing an additional 1,801 shares in the last quarter. CWM LLC grew its stake in Atlas Energy Solutions by 47.1% during the 3rd quarter. CWM LLC now owns 2,766 shares of the company’s stock worth $60,000 after buying an additional 886 shares during the last quarter. Finally, DekaBank Deutsche Girozentrale acquired a new position in Atlas Energy Solutions during the 1st quarter valued at about $78,000. 34.59% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

AESI has been the subject of several recent analyst reports. Benchmark reissued a “buy” rating and issued a $27.00 price target on shares of Atlas Energy Solutions in a report on Tuesday, August 6th. The Goldman Sachs Group downgraded shares of Atlas Energy Solutions from a “buy” rating to a “neutral” rating and dropped their target price for the stock from $23.00 to $21.00 in a research report on Thursday, November 7th. 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. Barclays downgraded Atlas Energy Solutions from an “overweight” rating to an “equal weight” rating and cut their target price for the company from $23.00 to $19.00 in a research report on Tuesday, November 12th. Finally, Citigroup downgraded Atlas Energy Solutions from a “buy” rating to a “neutral” rating and dropped their price target for the company from $23.00 to $22.00 in a research note on Thursday, November 14th. Four investment 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 company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $24.44.

Insider Transactions at Atlas Energy Solutions

In related news, major shareholder Gregory M. Shepard acquired 1,797 shares of Atlas Energy Solutions stock in a transaction on Friday, October 18th. The stock was bought at an average cost of $19.65 per share, for a total transaction of $35,311.05. Following the completion of the transaction, the insider now owns 7,507,194 shares of the company’s stock, valued at approximately $147,516,362.10. The trade was a 0.02 % increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available through this link. Also, major shareholder Brian Anthony Leveille sold 10,000 shares of Atlas Energy Solutions stock in a transaction dated Thursday, November 21st. The shares were sold at an average price of $21.50, for a total transaction of $215,000.00. Following the completion of the sale, the insider now owns 472,010 shares in the company, valued at approximately $10,148,215. This trade represents a 2.07 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have bought 60,869 shares of company stock valued at $1,187,983 and have sold 85,713 shares valued at $1,796,831. Corporate insiders own 24.34% of the company’s stock.

Atlas Energy Solutions Stock Up 0.6 %

Shares of AESI opened at $23.73 on Tuesday. The stock’s 50-day moving average price is $21.09 and its 200-day moving average price is $21.03. The company has a quick ratio of 1.08, a current ratio of 1.23 and a debt-to-equity ratio of 0.42. The company has a market capitalization of $2.62 billion, a price-to-earnings ratio of 30.03, a PEG ratio of 13.05 and a beta of 0.69. Atlas Energy Solutions Inc. has a 52 week low of $15.55 and a 52 week high of $24.93.

Atlas Energy Solutions (NYSE:AESI) last issued its quarterly earnings data on Monday, October 28th. The company reported $0.04 EPS for the quarter, missing analysts’ consensus estimates of $0.29 by ($0.25). The firm had revenue of $304.40 million for the quarter, compared to analyst estimates of $307.93 million. Atlas Energy Solutions had a return on equity of 11.01% and a net margin of 8.78%. Atlas Energy Solutions’s revenue for the quarter was up 93.1% compared to the same quarter last year. During the same period in the previous year, the business earned $0.51 EPS. On average, sell-side analysts predict that Atlas Energy Solutions Inc. will post 0.8 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 a boost from Atlas Energy Solutions’s previous quarterly dividend of $0.23. The ex-dividend date was Thursday, November 7th. This represents a $0.96 dividend on an annualized basis and a yield of 4.05%. Atlas Energy Solutions’s payout ratio is presently 121.52%.

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.