Atlas Energy Solutions (NYSE:AESI) Insider Sells $1,175,000.00 in Stock

Atlas Energy Solutions Inc. (NYSE:AESI) insider Gregory Shepard sold 100,000 shares of the stock in a transaction dated Tuesday, February 17th. The shares were sold at an average price of $11.75, for a total value of $1,175,000.00. Following the completion of the transaction, the insider owned 7,551,210 shares of the company’s stock, valued at $88,726,717.50. This represents a 1.31% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link.

Atlas Energy Solutions Stock Performance

NYSE:AESI opened at $11.70 on Friday. The stock’s 50-day moving average is $10.80 and its 200-day moving average is $10.74. Atlas Energy Solutions Inc. has a 1-year low of $7.64 and a 1-year high of $21.78. 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 stock has a market cap of $1.45 billion, a P/E ratio of -129.94 and a beta of 1.22.

Hedge Funds Weigh In On Atlas Energy Solutions

Several hedge funds and other institutional investors have recently bought and sold shares of AESI. Boston Partners acquired a new stake in Atlas Energy Solutions during the 2nd quarter worth about $627,000. AlphaQuest LLC boosted its position in shares of Atlas Energy Solutions by 520.9% during the 3rd quarter. AlphaQuest LLC now owns 151,979 shares of the company’s stock valued at $1,728,000 after purchasing an additional 127,502 shares in the last quarter. Kennedy Capital Management LLC grew its stake in Atlas Energy Solutions by 35.4% during the second quarter. Kennedy Capital Management LLC now owns 943,501 shares of the company’s stock worth $12,615,000 after purchasing an additional 246,843 shares during the period. Advisors Asset Management Inc. bought a new stake in Atlas Energy Solutions in the second quarter worth approximately $1,172,000. Finally, B & T Capital Management DBA Alpha Capital Management lifted its stake in Atlas Energy Solutions by 8.3% in the second quarter. B & T Capital Management DBA Alpha Capital Management now owns 419,550 shares of the company’s stock valued at $5,609,000 after buying an additional 32,016 shares during the period. Institutional investors and hedge funds own 34.59% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have recently issued reports on the stock. Weiss Ratings raised shares of Atlas Energy Solutions from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Wednesday, February 11th. The Goldman Sachs Group downgraded Atlas Energy Solutions from a “neutral” rating to a “sell” rating and decreased their price objective for the company from $12.00 to $8.00 in a report on Thursday, November 20th. Zacks Research raised Atlas Energy Solutions from a “strong sell” rating to a “hold” rating in a research report on Monday, January 26th. Citigroup reduced their price target on Atlas Energy Solutions from $11.00 to $10.40 and set a “neutral” rating on the stock in a research report on Tuesday, December 23rd. Finally, Barclays reissued an “underweight” rating and issued a $7.00 price target (down previously from $11.00) on shares of Atlas Energy Solutions in a research note on Friday, November 14th. Four equities research analysts have rated the stock with a Buy rating, four have issued a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price 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.