Atlas Energy Solutions (NYSE:AESI) Major Shareholder Chris Scholla Sells 52,150 Shares

Atlas Energy Solutions Inc. (NYSE:AESI) major shareholder Chris Scholla sold 52,150 shares of Atlas Energy Solutions stock in a transaction that occurred on Tuesday, November 18th. The stock was sold at an average price of $8.82, for a total value of $459,963.00. Following the sale, the insider owned 550,907 shares in the company, valued at $4,858,999.74. This represents a 8.65% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Large shareholders that own more than 10% of a company’s shares are required to disclose their transactions with the SEC.

Atlas Energy Solutions Stock Up 1.1%

AESI stock opened at $9.53 on Tuesday. The company has a current ratio of 1.35, a quick ratio of 1.09 and a debt-to-equity ratio of 0.43. The firm has a 50 day simple moving average of $9.83 and a 200-day simple moving average of $11.44. The company has a market capitalization of $1.18 billion, a P/E ratio of -105.83 and a beta of 1.30. Atlas Energy Solutions Inc. has a twelve month low of $7.64 and a twelve month high of $26.86.

Hedge Funds Weigh In On Atlas Energy Solutions

Institutional investors have recently made changes to their positions in the stock. EverSource Wealth Advisors LLC bought a new stake in shares of Atlas Energy Solutions in the 2nd quarter worth approximately $25,000. 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 buying an additional 1,586 shares during the last quarter. Quarry LP bought a new stake in Atlas Energy Solutions in the third quarter valued at $26,000. Nisa Investment Advisors LLC boosted its holdings in shares of Atlas Energy Solutions by 233.5% during the second quarter. Nisa Investment Advisors LLC now owns 2,668 shares of the company’s stock valued at $36,000 after acquiring an additional 1,868 shares during the period. Finally, Caitong International Asset Management Co. Ltd bought a new position in shares of Atlas Energy Solutions during the second quarter worth about $36,000. 34.59% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

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

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.