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

First Hawaiian Bank bought a new position in Atlas Energy Solutions Inc. (NYSE:AESI) during the second quarter, according to its most recent filing with the SEC. The firm bought 49,961 shares of the company’s stock, valued at approximately $996,000.

A number of other large investors also recently modified their holdings of AESI. Whitebox Advisors LLC purchased a new stake in Atlas Energy Solutions in the 1st quarter valued at about $49,712,000. Price T Rowe Associates Inc. MD boosted its position in Atlas Energy Solutions by 9,759.4% in the first quarter. Price T Rowe Associates Inc. MD now owns 1,628,485 shares of the company’s stock worth $36,838,000 after purchasing an additional 1,611,968 shares during the last quarter. Villere ST Denis J & Co. LLC grew its stake in Atlas Energy Solutions by 258.0% in the 4th quarter. Villere ST Denis J & Co. LLC now owns 1,813,539 shares of the company’s stock valued at $31,229,000 after purchasing an additional 1,306,900 shares during the period. Meridian Wealth Advisors LLC bought a new position in Atlas Energy Solutions in the 4th quarter valued at $21,795,000. Finally, Goldman Sachs Group Inc. grew its stake in Atlas Energy Solutions by 127.7% in the 4th quarter. Goldman Sachs Group Inc. now owns 1,136,136 shares of the company’s stock valued at $19,564,000 after purchasing an additional 637,249 shares during the period. 34.59% of the stock is currently owned by institutional investors.

Atlas Energy Solutions Stock Up 6.6 %

Shares of AESI traded up $1.20 on Tuesday, reaching $19.33. The stock had a trading volume of 1,145,522 shares, compared to its average volume of 914,013. The firm has a market capitalization of $1.93 billion, a price-to-earnings ratio of 10.74, a price-to-earnings-growth ratio of 4.88 and a beta of 0.56. The company has a debt-to-equity ratio of 0.43, a quick ratio of 2.05 and a current ratio of 2.24. The company has a 50-day simple moving average of $20.89 and a 200-day simple moving average of $20.85. Atlas Energy Solutions Inc. has a 12-month low of $15.55 and a 12-month high of $24.93.

Atlas Energy Solutions (NYSE:AESI) last announced its quarterly earnings data 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 company had revenue of $192.67 million for the quarter, compared to analysts’ expectations of $196.39 million. Atlas Energy Solutions had a net margin of 19.98% and a return on equity of 29.56%. The firm’s quarterly revenue was up 25.6% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.03 EPS. Sell-side analysts predict that Atlas Energy Solutions Inc. will post 1.86 EPS for the current year.

Insider Transactions at Atlas Energy Solutions

In other Atlas Energy Solutions news, major shareholder Gregory M. Shepard purchased 3,248 shares of the firm’s stock in a transaction dated Thursday, July 18th. The stock was purchased at an average price of $21.68 per share, for a total transaction of $70,416.64. Following the completion of the purchase, the insider now directly owns 7,503,197 shares of the company’s stock, valued at $162,669,310.96. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other Atlas Energy Solutions news, major shareholder Gregory M. Shepard purchased 3,248 shares of the firm’s stock in a transaction dated Thursday, July 18th. The stock was purchased at an average price of $21.68 per share, for a total transaction of $70,416.64. Following the completion of the purchase, the insider now directly owns 7,503,197 shares of the company’s stock, valued at $162,669,310.96. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, major shareholder Stacy Hock sold 8,571 shares of the business’s stock in a transaction on Tuesday, July 9th. The stock was sold at an average price of $19.89, for a total value of $170,477.19. Following the completion of the transaction, the insider now owns 960,459 shares of the company’s stock, valued at approximately $19,103,529.51. The disclosure for this sale can be found here. Over the last quarter, insiders acquired 134,526 shares of company stock worth $2,611,884 and sold 214,243 shares worth $5,029,887. Company insiders own 24.34% of the company’s stock.

Analyst Upgrades and Downgrades

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

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.