Atlas Energy Solutions (NYSE:AESI) Insider Gregory Shepard Sells 100,000 Shares

Atlas Energy Solutions Inc. (NYSE:AESI) insider Gregory Shepard sold 100,000 shares of Atlas Energy Solutions stock in a transaction on Tuesday, February 17th. The stock was sold at an average price of $11.75, for a total transaction of $1,175,000.00. Following the completion of the transaction, the insider directly owned 7,551,210 shares of the company’s stock, valued at $88,726,717.50. The trade was a 1.31% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Atlas Energy Solutions Stock Down 4.3%

NYSE AESI traded down $0.52 during trading on Friday, hitting $11.54. The company’s stock had a trading volume of 219,732 shares, compared to its average volume of 2,150,257. Atlas Energy Solutions Inc. has a fifty-two week low of $7.64 and a fifty-two week high of $21.78. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.35 and a quick ratio of 1.09. The company has a market cap of $1.43 billion, a PE ratio of -129.01 and a beta of 1.22. The business’s 50 day simple moving average is $10.77 and its 200-day simple moving average is $10.76.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of AESI. EverSource Wealth Advisors LLC bought a new position in shares of Atlas Energy Solutions in the 2nd quarter worth $25,000. Quarry LP bought a new position in Atlas Energy Solutions in the third quarter valued at $26,000. Caitong International Asset Management Co. Ltd boosted its position in Atlas Energy Solutions by 91,500.0% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 2,748 shares of the company’s stock valued at $26,000 after purchasing an additional 2,745 shares during the last quarter. Islay Capital Management LLC bought a new stake in shares of Atlas Energy Solutions during the 4th quarter worth approximately $28,000. Finally, CWM LLC lifted its stake in Atlas Energy Solutions by 244.4% in the second quarter. CWM LLC now owns 2,235 shares of the company’s stock valued at $30,000 after acquiring an additional 1,586 shares during the last quarter. Institutional investors own 34.59% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on AESI. Royal Bank Of Canada set a $12.00 target price on Atlas Energy Solutions in a report on Thursday, January 15th. Barclays reissued an “underweight” rating and issued a $7.00 price target (down from $11.00) on shares of Atlas Energy Solutions in a research note on Friday, November 14th. Zacks Research upgraded shares of Atlas Energy Solutions from a “strong sell” rating to a “hold” rating in a research note on Monday, January 26th. Stephens set a $16.00 target price on Atlas Energy Solutions in a research report on Tuesday, January 27th. Finally, Citigroup dropped their price objective on shares of Atlas Energy Solutions from $11.00 to $10.40 and set a “neutral” rating on the stock in a research note on Tuesday, December 23rd. Four equities research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $12.80.

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.