Charles Schwab Investment Management Inc. Has $11.31 Million Holdings in Atlas Energy Solutions Inc. (NYSE:AESI)

Charles Schwab Investment Management Inc. lifted its holdings in Atlas Energy Solutions Inc. (NYSE:AESI) by 5.3% in the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 518,569 shares of the company’s stock after acquiring an additional 25,999 shares during the quarter. Charles Schwab Investment Management Inc.’s holdings in Atlas Energy Solutions were worth $11,305,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Beck Capital Management LLC raised its stake in shares of Atlas Energy Solutions by 0.6% in the 2nd quarter. Beck Capital Management LLC now owns 130,588 shares of the company’s stock valued at $2,603,000 after acquiring an additional 749 shares in the last quarter. CWM LLC grew its position in shares of Atlas Energy Solutions by 47.1% in the third quarter. CWM LLC now owns 2,766 shares of the company’s stock valued at $60,000 after purchasing an additional 886 shares during the last quarter. Cetera Investment Advisers increased its stake in shares of Atlas Energy Solutions by 1.0% in the second quarter. Cetera Investment Advisers now owns 88,654 shares of the company’s stock worth $1,767,000 after purchasing an additional 897 shares during the period. First Horizon Advisors Inc. lifted its holdings in shares of Atlas Energy Solutions by 313.7% during the second quarter. First Horizon Advisors Inc. now owns 1,725 shares of the company’s stock worth $34,000 after buying an additional 1,308 shares during the last quarter. Finally, Amalgamated Bank grew its stake 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 last quarter. Hedge funds and other institutional investors own 34.59% of the company’s stock.

Insider Buying and Selling

In related news, major shareholder Brian Anthony Leveille sold 10,000 shares of the firm’s stock in a transaction on Monday, October 14th. The stock was sold at an average price of $20.50, for a total transaction of $205,000.00. Following the sale, the insider now owns 542,010 shares of the company’s stock, valued at $11,111,205. This trade represents a 1.81 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, major shareholder Stacy Hock sold 8,571 shares of Atlas Energy Solutions stock in a transaction that occurred on Wednesday, November 13th. The stock was sold at an average price of $21.12, for a total transaction of $181,019.52. Following the sale, the insider now owns 926,175 shares in the company, valued at approximately $19,560,816. This represents a 0.92 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have purchased 60,869 shares of company stock valued at $1,187,983 and have sold 128,213 shares valued at $2,816,806. 24.34% of the stock is currently owned by company insiders.

Atlas Energy Solutions Stock Up 1.5 %

Atlas Energy Solutions stock opened at $22.70 on Tuesday. The company’s 50-day moving average price is $21.37 and its two-hundred day moving average price is $21.02. 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 stock has a market cap of $2.50 billion, a P/E ratio of 28.73, a P/E/G ratio of 11.31 and a beta of 0.95. Atlas Energy Solutions Inc. has a twelve month low of $15.55 and a twelve month high of $24.93.

Atlas Energy Solutions (NYSE:AESI) last announced its earnings results on Monday, October 28th. The company reported $0.04 earnings per share for the quarter, missing analysts’ consensus estimates of $0.29 by ($0.25). Atlas Energy Solutions had a return on equity of 11.01% and a net margin of 8.78%. The firm had revenue of $304.40 million for the quarter, compared to the consensus estimate of $307.93 million. During the same quarter last year, the business posted $0.51 EPS. Atlas Energy Solutions’s revenue for the quarter was up 93.1% on a year-over-year basis. As a group, analysts expect that Atlas Energy Solutions Inc. will post 0.88 EPS for the current year.

Atlas Energy Solutions Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, November 14th. Stockholders of record on Thursday, November 7th were given a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a dividend yield of 4.23%. This is an increase from Atlas Energy Solutions’s previous quarterly dividend of $0.23. The ex-dividend date of this dividend was Thursday, November 7th. Atlas Energy Solutions’s payout ratio is presently 121.52%.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on the stock. Pickering Energy Partners lowered shares of Atlas Energy Solutions from an “outperform” rating to a “neutral” rating in a research report on Wednesday, October 30th. Barclays lowered shares of Atlas Energy Solutions from an “overweight” rating to an “equal weight” rating and lowered their price target for the company from $23.00 to $19.00 in a report on Tuesday, November 12th. Citigroup cut shares of Atlas Energy Solutions from a “buy” rating to a “neutral” rating and dropped their price objective for the company from $23.00 to $22.00 in a research note on Thursday, November 14th. Royal Bank of Canada restated an “outperform” rating and set a $25.00 target price on shares of Atlas Energy Solutions in a research report on Wednesday, October 30th. Finally, The Goldman Sachs Group downgraded Atlas Energy Solutions from a “buy” rating to a “neutral” rating and reduced their target price for the stock from $23.00 to $21.00 in a report on Thursday, November 7th. Four investment analysts have rated the stock with a hold rating, six have issued a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $24.44.

Atlas Energy Solutions Company 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.