Chris Scholla Sells 8,912 Shares of Atlas Energy Solutions (NYSE:AESI) Stock

Atlas Energy Solutions Inc. (NYSE:AESI) major shareholder Chris Scholla sold 8,912 shares of Atlas Energy Solutions stock in a transaction that occurred on Friday, March 6th. The stock was sold at an average price of $11.79, for a total transaction of $105,072.48. Following the transaction, the insider directly owned 567,972 shares in the company, valued at $6,696,389.88. The trade was a 1.54% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Large shareholders that own more than 10% of a company’s stock are required to disclose their transactions with the SEC.

Atlas Energy Solutions Stock Up 5.4%

Shares of NYSE:AESI opened at $11.93 on Friday. Atlas Energy Solutions Inc. has a 52 week low of $7.64 and a 52 week high of $19.00. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.16 and a current ratio of 1.46. The company has a market capitalization of $1.48 billion, a PE ratio of -29.82 and a beta of 1.31. The company has a 50 day moving average price of $10.96 and a two-hundred day moving average price of $10.65.

Wall Street Analyst Weigh In

A number of analysts recently commented on the stock. Barclays upped their price objective on shares of Atlas Energy Solutions from $7.00 to $8.00 and gave the company an “underweight” rating in a research report on Thursday, February 26th. Weiss Ratings downgraded Atlas Energy Solutions from a “hold (c-)” rating to a “sell (d)” rating in a report on Friday, February 27th. Zacks Research raised Atlas Energy Solutions from a “strong sell” rating to a “hold” rating in a research report on Monday, January 26th. Piper Sandler cut their price objective on Atlas Energy Solutions from $12.00 to $10.00 and set a “neutral” rating on the stock in a report on Monday, November 17th. Finally, The Goldman Sachs Group boosted their price objective on Atlas Energy Solutions from $8.00 to $9.00 and gave the company a “sell” rating in a research report on Wednesday. Three analysts have rated the stock with a Buy rating, three have given a Hold rating and three have issued a Sell rating to the stock. According to MarketBeat.com, Atlas Energy Solutions has a consensus rating of “Hold” and an average target price of $11.20.

Institutional Investors Weigh In On Atlas Energy Solutions

Institutional investors have recently added to or reduced their stakes in the stock. Thrivent Financial for Lutherans increased its holdings in Atlas Energy Solutions by 1.7% during the 2nd quarter. Thrivent Financial for Lutherans now owns 53,631 shares of the company’s stock worth $717,000 after purchasing an additional 874 shares in the last quarter. Police & Firemen s Retirement System of New Jersey raised its stake in shares of Atlas Energy Solutions by 7.1% in the 2nd quarter. Police & Firemen s Retirement System of New Jersey now owns 16,090 shares of the company’s stock valued at $215,000 after purchasing an additional 1,061 shares during the period. Louisiana State Employees Retirement System lifted its holdings in shares of Atlas Energy Solutions by 3.5% in the third quarter. Louisiana State Employees Retirement System now owns 35,300 shares of the company’s stock valued at $401,000 after purchasing an additional 1,200 shares in the last quarter. Belpointe Asset Management LLC lifted its holdings in shares of Atlas Energy Solutions by 3.5% in the third quarter. Belpointe Asset Management LLC now owns 36,262 shares of the company’s stock valued at $412,000 after purchasing an additional 1,232 shares in the last quarter. Finally, Alliancebernstein L.P. boosted its position in shares of Atlas Energy Solutions by 2.1% during the third quarter. Alliancebernstein L.P. now owns 72,580 shares of the company’s stock worth $825,000 after buying an additional 1,500 shares during the period. 34.59% of the stock is owned by institutional investors.

Atlas Energy Solutions Company Profile

Atlas Energy Solutions (NYSE: AESI) is an independent energy infrastructure company specializing in the development and operation of low-carbon and renewable natural gas (RNG) projects alongside complementary clean energy offerings. Through its diversified platform, the company seeks to deliver decarbonization solutions across heavy-duty transportation and industrial markets, leveraging technologies that reduce greenhouse gas emissions while providing reliable fuel and energy services.

The company’s core business activities encompass four primary segments.