49,961 Shares in Atlas Energy Solutions Inc. (NYSE:AESI) Purchased by First Hawaiian Bank

First Hawaiian Bank acquired a new position in shares of Atlas Energy Solutions Inc. (NYSE:AESI) during the 2nd quarter, HoldingsChannel reports. The firm acquired 49,961 shares of the company’s stock, valued at approximately $996,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. DekaBank Deutsche Girozentrale bought a new stake in Atlas Energy Solutions during the first quarter worth approximately $78,000. Bessemer Group Inc. purchased a new stake in Atlas Energy Solutions in the 1st quarter worth approximately $154,000. BNP Paribas Financial Markets purchased a new stake in Atlas Energy Solutions in the 1st quarter worth approximately $202,000. Diversified Trust Co purchased a new stake in Atlas Energy Solutions in the 1st quarter worth approximately $209,000. Finally, CoreCommodity Management LLC purchased a new stake in Atlas Energy Solutions in the 4th quarter worth approximately $185,000. Institutional investors own 34.59% of the company’s stock.

Insiders Place Their Bets

In other Atlas Energy Solutions news, major shareholder Stacy Hock sold 8,574 shares of the firm’s stock in a transaction on Monday, June 24th. The shares were sold at an average price of $19.76, for a total value of $169,422.24. Following the sale, the insider now directly owns 969,030 shares in the company, valued at approximately $19,148,032.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other Atlas Energy Solutions news, major shareholder Stacy Hock sold 8,574 shares of the firm’s stock in a transaction on Monday, June 24th. The shares were sold at an average price of $19.76, for a total value of $169,422.24. Following the sale, the insider now directly owns 969,030 shares in the company, valued at approximately $19,148,032.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, major shareholder Richard W. Schmidt sold 51,150 shares of the firm’s stock in a transaction dated Thursday, May 9th. The stock was sold at an average price of $22.98, for a total transaction of $1,175,427.00. Following the transaction, the insider now directly owns 1,051,663 shares of the company’s stock, valued at $24,167,215.74. The disclosure for this sale can be found here. In the last ninety days, insiders have purchased 134,526 shares of company stock worth $2,611,884 and have sold 214,243 shares worth $5,029,887. Company insiders own 24.34% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on AESI shares. Piper Sandler cut their target price on shares of Atlas Energy Solutions from $29.00 to $27.00 and set an “overweight” rating for the company in a research report on Monday, July 15th. Bank of America dropped their price target on shares of Atlas Energy Solutions from $25.00 to $24.00 and set a “buy” rating on the stock in a research note on Monday, July 15th. The Goldman Sachs Group increased their price target on shares of Atlas Energy Solutions from $25.00 to $28.00 and gave the stock a “buy” rating in a research note on Tuesday, May 28th. Stephens restated an “overweight” rating and set a $28.00 price target on shares of Atlas Energy Solutions in a research note on Tuesday. Finally, Raymond James increased their price target on shares of Atlas Energy Solutions from $26.00 to $27.00 and gave the stock a “strong-buy” rating in a research note on Tuesday, April 16th. Nine investment analysts have rated the stock with a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Buy” and an average price target of $26.44.

Atlas Energy Solutions Stock Performance

NYSE:AESI traded up $1.20 during midday trading on Tuesday, reaching $19.33. The stock had a trading volume of 1,145,522 shares, compared to its average volume of 914,013. Atlas Energy Solutions Inc. has a 1-year low of $15.55 and a 1-year high of $24.93. The firm’s fifty day simple moving average is $20.89 and its 200-day simple moving average is $20.85. The company has a debt-to-equity ratio of 0.43, a current ratio of 2.24 and a quick ratio of 2.05. The stock has a market capitalization of $1.93 billion, a P/E ratio of 10.74, a PEG ratio of 4.88 and a beta of 0.56.

Atlas Energy Solutions (NYSE:AESI) last posted its earnings results on Monday, May 6th. The company reported $0.26 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.38 by ($0.12). The firm had revenue of $192.67 million during the quarter, compared to analyst estimates of $196.39 million. Atlas Energy Solutions had a net margin of 19.98% and a return on equity of 29.56%. The business’s quarterly revenue was up 25.6% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.03 earnings per share. On average, equities research analysts forecast that Atlas Energy Solutions Inc. will post 1.86 EPS for the current fiscal year.

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.