Atlas Energy Solutions Inc. (NYSE:AESI) Major Shareholder Sells $305,750.00 in Stock

Atlas Energy Solutions Inc. (NYSE:AESI) major shareholder Brian Anthony Leveille sold 12,500 shares of Atlas Energy Solutions stock in a transaction that occurred on Monday, January 27th. The shares were sold at an average price of $24.46, for a total transaction of $305,750.00. Following the transaction, the insider now directly owns 362,010 shares in the company, valued at approximately $8,854,764.60. The trade was a 3.34 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Large shareholders that own more than 10% of a company’s shares are required to disclose their sales and purchases with the SEC.

Brian Anthony Leveille also recently made the following trade(s):

• On Wednesday, January 22nd, Brian Anthony Leveille sold 5,000 shares of Atlas Energy Solutions stock. The shares were sold at an average price of $23.88, for a total value of $119,400.00.
• On Thursday, January 16th, Brian Anthony Leveille sold 7,500 shares of Atlas Energy Solutions stock. The stock was sold at an average price of $24.00, for a total value of $180,000.00.
• On Thursday, January 2nd, Brian Anthony Leveille sold 5,000 shares of Atlas Energy Solutions stock. The shares were sold at an average price of $23.00, for a total value of $115,000.00.
• On Monday, December 16th, Brian Anthony Leveille sold 5,000 shares of Atlas Energy Solutions stock. The shares were sold at an average price of $23.17, for a total transaction of $115,850.00.
• On Tuesday, December 3rd, Brian Anthony Leveille sold 12,500 shares of Atlas Energy Solutions stock. The stock was sold at an average price of $23.95, for a total transaction of $299,375.00.
• On Monday, November 25th, Brian Anthony Leveille sold 30,000 shares of Atlas Energy Solutions stock. The shares were sold at an average price of $24.02, for a total transaction of $720,600.00.
• On Thursday, November 21st, Brian Anthony Leveille sold 10,000 shares of Atlas Energy Solutions stock. The stock was sold at an average price of $21.50, for a total value of $215,000.00.
• On Monday, November 18th, Brian Anthony Leveille sold 10,000 shares of Atlas Energy Solutions stock. The stock was sold at an average price of $20.70, for a total value of $207,000.00.
• On Wednesday, November 6th, Brian Anthony Leveille sold 20,000 shares of Atlas Energy Solutions stock. The shares were sold at an average price of $21.39, for a total value of $427,800.00.

Atlas Energy Solutions Stock Performance

AESI traded up $0.01 on Wednesday, reaching $25.03. The stock had a trading volume of 952,282 shares, compared to its average volume of 1,089,949. The business’s 50-day moving average price is $22.90 and its two-hundred day moving average price is $21.48. The company has a current ratio of 1.23, a quick ratio of 1.08 and a debt-to-equity ratio of 0.42. Atlas Energy Solutions Inc. has a 12-month low of $16.42 and a 12-month high of $26.86. The company has a market cap of $2.76 billion, a P/E ratio of 31.68, a price-to-earnings-growth ratio of 6.98 and a beta of 1.03.

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 the consensus estimate of $0.29 by ($0.25). The business had revenue of $304.40 million during the quarter, compared to analyst estimates of $307.93 million. Atlas Energy Solutions had a net margin of 8.78% and a return on equity of 11.01%. The firm’s revenue for the quarter was up 93.1% on a year-over-year basis. During the same period in the previous year, the business posted $0.51 earnings per share. Sell-side analysts forecast that Atlas Energy Solutions Inc. will post 0.84 earnings per share for the current year.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in the business. Amalgamated Bank increased its stake in Atlas Energy Solutions by 328.1% during the 2nd quarter. Amalgamated Bank now owns 2,350 shares of the company’s stock worth $47,000 after buying an additional 1,801 shares in the last quarter. Quest Partners LLC purchased a new stake in shares of Atlas Energy Solutions during the third quarter worth approximately $48,000. FMR LLC raised its stake in Atlas Energy Solutions by 101.0% in the 3rd quarter. FMR LLC now owns 2,696 shares of the company’s stock valued at $59,000 after purchasing an additional 1,355 shares during the last quarter. CWM LLC lifted its holdings in Atlas Energy Solutions by 47.1% in the 3rd quarter. CWM LLC now owns 2,766 shares of the company’s stock valued at $60,000 after purchasing an additional 886 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in Atlas Energy Solutions by 55.2% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,745 shares of the company’s stock worth $125,000 after purchasing an additional 2,043 shares during the last quarter. 34.59% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

AESI has been the subject of several research analyst reports. Stephens increased their price objective on shares of Atlas Energy Solutions from $28.00 to $29.00 and gave the company an “overweight” rating in a research report on Tuesday. 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 lowered shares of Atlas Energy Solutions from an “overweight” rating to an “equal weight” rating and dropped their price objective for the company from $23.00 to $19.00 in a report on Tuesday, November 12th. The Goldman Sachs Group started coverage on Atlas Energy Solutions in a research report on Friday, December 13th. They set a “neutral” rating and a $23.00 price target for the company. Finally, Citigroup lowered Atlas Energy Solutions from a “buy” rating to a “neutral” rating and cut their price objective for the company from $23.00 to $22.00 in a report on Thursday, November 14th. Six analysts have rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $25.06.

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.