Atlas Energy Solutions Inc. (NYSE:AESI) Major Shareholder Sells $305,750.00 in Stock

Atlas Energy Solutions Inc. (NYSE:AESI - Get Free Report) major shareholder Brian Anthony Leveille sold 12,500 shares of the company's stock in a transaction dated Monday, January 27th. The shares were sold at an average price of $24.46, for a total value of $305,750.00. Following the completion of the sale, the insider now directly owns 362,010 shares of the company's stock, valued at approximately $8,854,764.60. This trade represents a 3.34 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Major shareholders that own at least 10% of a company's stock are required to disclose their sales and purchases with the SEC.

Brian Anthony Leveille also recently made the following trade(s):

• On Wednesday, January 22nd, Brian Anthony Leveille sold 5,000 shares of Atlas Energy Solutions stock. The shares were sold at an average price of $23.88, for a total transaction of $119,400.00.
• On Thursday, January 16th, Brian Anthony Leveille sold 7,500 shares of Atlas Energy Solutions stock. The stock was sold at an average price of $24.00, for a total value of $180,000.00.
• On Thursday, January 2nd, Brian Anthony Leveille sold 5,000 shares of Atlas Energy Solutions stock. The shares were sold at an average price of $23.00, for a total value of $115,000.00.
• On Monday, December 16th, Brian Anthony Leveille sold 5,000 shares of Atlas Energy Solutions stock. The shares were sold at an average price of $23.17, for a total value of $115,850.00.
• On Tuesday, December 3rd, Brian Anthony Leveille sold 12,500 shares of Atlas Energy Solutions stock. The stock was sold at an average price of $23.95, for a total transaction of $299,375.00.
• On Monday, November 25th, Brian Anthony Leveille sold 30,000 shares of Atlas Energy Solutions stock. The shares were sold at an average price of $24.02, for a total value of $720,600.00.
• On Thursday, November 21st, Brian Anthony Leveille sold 10,000 shares of Atlas Energy Solutions stock. The stock was sold at an average price of $21.50, for a total transaction of $215,000.00.
• On Monday, November 18th, Brian Anthony Leveille sold 10,000 shares of Atlas Energy Solutions stock. The stock was sold at an average price of $20.70, for a total transaction of $207,000.00.
• On Wednesday, November 6th, Brian Anthony Leveille sold 20,000 shares of Atlas Energy Solutions stock. The shares were sold at an average price of $21.39, for a total value of $427,800.00.

Atlas Energy Solutions Price Performance

AESI stock traded down $2.07 during midday trading on Friday, reaching $22.96. The company had a trading volume of 8,121,792 shares, compared to its average volume of 980,991. Atlas Energy Solutions Inc. has a 1-year low of $16.42 and a 1-year high of $26.86. The stock has a 50 day moving average price of $23.03 and a 200-day moving average price of $21.54. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.23 and a quick ratio of 1.08. The company has a market capitalization of $2.53 billion, a price-to-earnings ratio of 29.06, a price-to-earnings-growth ratio of 7.36 and a beta of 1.03.

Analysts Set New Price Targets

AESI has been the subject of a number of research analyst reports. Raymond James cut Atlas Energy Solutions from a "strong-buy" rating to a "hold" rating in a report on Monday, January 6th. The Goldman Sachs Group started coverage on Atlas Energy Solutions in a report on Friday, December 13th. They set a "neutral" rating and a $23.00 target price on the stock. Pickering Energy Partners downgraded Atlas Energy Solutions from an "outperform" rating to a "neutral" rating in a report on Wednesday, October 30th. Royal Bank of Canada increased their price target on shares of Atlas Energy Solutions from $27.00 to $28.00 and gave the company an "outperform" rating in a report on Tuesday, January 28th. Finally, Citigroup downgraded shares of Atlas Energy Solutions from a "buy" rating to a "neutral" rating and cut their price objective for the stock from $23.00 to $22.00 in a research report on Thursday, November 14th. Six equities research analysts have rated the stock with a hold rating, five have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, Atlas Energy Solutions currently has an average rating of "Moderate Buy" and a consensus price target of $25.50.

Hedge Funds Weigh In On Atlas Energy Solutions

Hedge funds and other institutional investors have recently made changes to their positions in the company. Stifel Financial Corp boosted its stake in shares of Atlas Energy Solutions by 28.6% in the 3rd quarter. Stifel Financial Corp now owns 126,667 shares of the company's stock valued at $2,761,000 after purchasing an additional 28,158 shares in the last quarter. Charles Schwab Investment Management Inc. increased its holdings in shares of Atlas Energy Solutions by 5.3% during the third quarter. Charles Schwab Investment Management Inc. now owns 518,569 shares of the company's stock worth $11,305,000 after buying an additional 25,999 shares in the last quarter. Ashford Capital Management Inc. lifted its stake in shares of Atlas Energy Solutions by 27.9% in the 3rd quarter. Ashford Capital Management Inc. now owns 586,000 shares of the company's stock valued at $12,775,000 after acquiring an additional 127,910 shares during the last quarter. Principal Financial Group Inc. bought a new position in Atlas Energy Solutions in the third quarter valued at about $844,000. Finally, State Street Corp raised its holdings in Atlas Energy Solutions by 15.0% in the 3rd quarter. State Street Corp now owns 1,751,059 shares of the company's stock valued at $38,173,000 after buying an additional 227,776 shares during the last quarter. 34.59% of the stock is currently owned by institutional investors and hedge funds.

Atlas Energy Solutions Company Profile

Atlas Energy Solutions Inc engages in the production, processing, and sale of mesh and sand that are used as a proppant during the well completion process in the Permian Basin of Texas and New Mexico. The company provides transportation and logistics, storage solutions, and contract labor services. It sells its products and services to oil and natural gas exploration and production companies, and oilfield services companies.