Insider Selling: Atlas Energy Solutions (NYSE:AESI) Major Shareholder Sells 52,150 Shares of Stock

Atlas Energy Solutions Inc. (NYSE:AESI) major shareholder Chris Scholla sold 52,150 shares of the stock in a transaction dated Tuesday, November 18th. The shares were sold at an average price of $8.82, for a total transaction of $459,963.00. Following the transaction, the insider directly owned 550,907 shares of the company’s stock, valued at $4,858,999.74. This trade represents a 8.65% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Major shareholders that own more than 10% of a company’s shares are required to disclose their sales and purchases with the SEC.

Atlas Energy Solutions Price Performance

Shares of AESI stock traded up $0.11 during trading hours on Monday, hitting $9.53. The stock had a trading volume of 2,084,972 shares, compared to its average volume of 2,340,454. 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 stock has a market capitalization of $1.18 billion, a price-to-earnings ratio of 942.00 and a beta of 1.30. Atlas Energy Solutions Inc. has a one year low of $7.64 and a one year high of $26.86. The stock’s 50-day moving average price is $9.83 and its two-hundred day moving average price is $11.44.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on the company. Weiss Ratings cut Atlas Energy Solutions from a “hold (c-)” rating to a “sell (d+)” rating in a report on Monday, December 22nd. Barclays reiterated an “underweight” rating and set a $7.00 price objective (down previously from $11.00) on shares of Atlas Energy Solutions in a research report on Friday, November 14th. Piper Sandler reduced their target price on shares of Atlas Energy Solutions from $12.00 to $10.00 and set a “neutral” rating on the stock in a report on Monday, November 17th. The Goldman Sachs Group cut shares of Atlas Energy Solutions from a “neutral” rating to a “sell” rating and decreased their target price for the company from $12.00 to $8.00 in a research report on Thursday, November 20th. Finally, Citigroup lowered their price target on shares of Atlas Energy Solutions from $11.00 to $10.40 and set a “neutral” rating for the company in a report on Tuesday, December 23rd. Four analysts have rated the stock with a Buy rating, four have given a Hold rating and three have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, Atlas Energy Solutions currently has a consensus rating of “Hold” and a consensus target price of $15.88.

Institutional Trading of Atlas Energy Solutions

Several institutional investors have recently added to or reduced their stakes in the company. Raymond James Financial Inc. raised its holdings in shares of Atlas Energy Solutions by 66.3% in the first quarter. Raymond James Financial Inc. now owns 165,231 shares of the company’s stock worth $2,948,000 after buying an additional 65,901 shares during the period. Northern Trust Corp grew its position in Atlas Energy Solutions by 7.6% in the 1st quarter. Northern Trust Corp now owns 966,528 shares of the company’s stock valued at $17,243,000 after acquiring an additional 68,275 shares during the last quarter. Comerica Bank increased its stake in Atlas Energy Solutions by 5.4% in the first quarter. Comerica Bank now owns 62,049 shares of the company’s stock worth $1,107,000 after purchasing an additional 3,175 shares during the period. Corebridge Financial Inc. increased its stake in Atlas Energy Solutions by 7.9% in the first quarter. Corebridge Financial Inc. now owns 38,749 shares of the company’s stock worth $691,000 after purchasing an additional 2,836 shares during the period. Finally, OMERS ADMINISTRATION Corp bought a new stake in shares of Atlas Energy Solutions during the first quarter worth $937,000. Institutional investors own 34.59% of the company’s stock.

About Atlas Energy Solutions

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.