Captrust Financial Advisors Trims Holdings in Atlas Energy Solutions Inc. (NYSE:AESI)

Captrust Financial Advisors reduced its stake in shares of Atlas Energy Solutions Inc. (NYSE:AESI) by 44.6% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 19,098 shares of the company’s stock after selling 15,368 shares during the quarter. Captrust Financial Advisors’ holdings in Atlas Energy Solutions were worth $416,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also added to or reduced their stakes in AESI. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in shares of Atlas Energy Solutions by 1.6% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 44,931 shares of the company’s stock valued at $979,000 after purchasing an additional 711 shares in the last quarter. Beck Capital Management LLC increased its stake in shares of Atlas Energy Solutions by 0.6% during the second quarter. Beck Capital Management LLC now owns 130,588 shares of the company’s stock valued at $2,603,000 after buying an additional 749 shares during the period. CWM LLC increased its stake in shares of Atlas Energy Solutions by 47.1% during the third quarter. CWM LLC now owns 2,766 shares of the company’s stock valued at $60,000 after buying an additional 886 shares during the period. Cetera Investment Advisers increased its stake in shares of Atlas Energy Solutions by 1.0% during the second quarter. Cetera Investment Advisers now owns 88,654 shares of the company’s stock valued at $1,767,000 after buying an additional 897 shares during the period. Finally, First Horizon Advisors Inc. grew its stake in Atlas Energy Solutions by 313.7% in the second quarter. First Horizon Advisors Inc. now owns 1,725 shares of the company’s stock valued at $34,000 after purchasing an additional 1,308 shares during the last quarter. 34.59% of the stock is owned by hedge funds and other institutional investors.

Atlas Energy Solutions Trading Down 0.8 %

Shares of AESI stock opened at $22.61 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 1-year low of $15.55 and a 1-year high of $24.93. The company has a market cap of $2.49 billion, a price-to-earnings ratio of 28.62, a PEG ratio of 11.31 and a beta of 0.95. The stock has a 50 day simple moving average of $21.41 and a 200-day simple moving average of $21.04.

Atlas Energy Solutions (NYSE:AESI) last issued its quarterly earnings results on Monday, October 28th. The company reported $0.04 EPS for the quarter, missing the consensus estimate 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 analysts’ expectations of $307.93 million. During the same quarter in the previous year, the firm posted $0.51 earnings per share. The firm’s revenue for the quarter was up 93.1% compared to the same quarter last year. On average, equities research analysts expect that Atlas Energy Solutions Inc. will post 0.88 EPS for the current fiscal year.

Atlas Energy Solutions Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, November 14th. Investors of record on Thursday, November 7th were given a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a dividend yield of 4.25%. This is a boost 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

Several equities analysts have issued reports on the company. Barclays lowered 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 note on Tuesday, November 12th. Citigroup downgraded Atlas Energy Solutions from a “buy” rating to a “neutral” rating and decreased their target price for the stock from $23.00 to $22.00 in a report on Thursday, November 14th. Royal Bank of Canada reaffirmed an “outperform” rating and set a $25.00 target price on shares of Atlas Energy Solutions in a report on Wednesday, October 30th. The Goldman Sachs Group downgraded Atlas Energy Solutions from a “buy” rating to a “neutral” rating and decreased their price target for the company from $23.00 to $21.00 in a report on Thursday, November 7th. Finally, Pickering Energy Partners downgraded Atlas Energy Solutions from an “outperform” rating to a “neutral” rating in a report on Wednesday, October 30th. Four investment analysts have rated the stock with a hold rating, six have assigned a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, Atlas Energy Solutions presently has an average rating of “Moderate Buy” and an average price target of $24.44.

Insider Buying and Selling

In other Atlas Energy Solutions news, major shareholder Stacy Hock sold 8,571 shares of the company’s stock in a transaction on Thursday, October 3rd. The stock was sold at an average price of $21.49, for a total value of $184,190.79. Following the completion of the sale, the insider now directly owns 934,746 shares in the company, valued at $20,087,691.54. This represents a 0.91 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, major shareholder Brian Anthony Leveille sold 10,000 shares of the company’s stock in a transaction on Monday, October 14th. The shares were sold at an average price of $20.50, for a total value of $205,000.00. Following the completion of the sale, the insider now owns 542,010 shares of the company’s stock, valued at approximately $11,111,205. The trade was a 1.81 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders bought 60,869 shares of company stock worth $1,187,983 and sold 119,642 shares worth $2,650,185. 24.34% of the stock is owned by company insiders.

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.