Insider Selling: Atlas Energy Solutions (NYSE:AESI) Insider Sells $1,557,400.00 in Stock

Atlas Energy Solutions Inc. (NYSE:AESI) insider Gregory Shepard sold 130,000 shares of Atlas Energy Solutions stock in a transaction on Wednesday, February 18th. The stock was sold at an average price of $11.98, for a total value of $1,557,400.00. Following the sale, the insider directly owned 7,421,210 shares of the company’s stock, valued at approximately $88,906,095.80. This trade represents a 1.72% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

Atlas Energy Solutions Trading Down 3.0%

NYSE:AESI opened at $11.70 on Friday. The company has a current ratio of 1.35, a quick ratio of 1.09 and a debt-to-equity ratio of 0.43. Atlas Energy Solutions Inc. has a 1-year low of $7.64 and a 1-year high of $21.78. The firm has a market capitalization of $1.45 billion, a price-to-earnings ratio of -129.94 and a beta of 1.22. The business’s 50-day moving average price is $10.80 and its two-hundred day moving average price is $10.74.

Analysts Set New Price Targets

AESI has been the subject of a number of analyst reports. Zacks Research upgraded shares of Atlas Energy Solutions from a “strong sell” rating to a “hold” rating in a report on Monday, January 26th. The Goldman Sachs Group lowered shares of Atlas Energy Solutions from a “neutral” rating to a “sell” rating and cut their target price for the stock from $12.00 to $8.00 in a report on Thursday, November 20th. Piper Sandler decreased their price target on shares of Atlas Energy Solutions from $12.00 to $10.00 and set a “neutral” rating for the company in a report on Monday, November 17th. Citigroup lowered their price objective on shares of Atlas Energy Solutions from $11.00 to $10.40 and set a “neutral” rating for the company in a research report on Tuesday, December 23rd. Finally, Weiss Ratings raised Atlas Energy Solutions from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Wednesday, February 11th. Four analysts have rated the stock with a Buy rating, four have given a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $12.80.

Institutional Investors Weigh In On Atlas Energy Solutions

Large investors have recently made changes to their positions in the stock. Boston Partners acquired a new stake in shares of Atlas Energy Solutions in the 2nd quarter valued at about $627,000. AlphaQuest LLC boosted its position in shares of Atlas Energy Solutions by 520.9% during the third quarter. AlphaQuest LLC now owns 151,979 shares of the company’s stock worth $1,728,000 after buying an additional 127,502 shares during the period. Kennedy Capital Management LLC grew its holdings in shares of 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 buying an additional 246,843 shares in the last quarter. Advisors Asset Management Inc. acquired a new stake in Atlas Energy Solutions in the 2nd quarter valued at approximately $1,172,000. Finally, B & T Capital Management DBA Alpha Capital Management raised its position in Atlas Energy Solutions by 8.3% in the 2nd 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 last quarter. Institutional investors own 34.59% of the company’s stock.

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.