Atlas Energy Solutions Inc. (NYSE:AESI) Major Shareholder Sells $119,400.00 in Stock

Atlas Energy Solutions Inc. (NYSE:AESI - Get Free Report) major shareholder Brian Anthony Leveille sold 5,000 shares of the firm's stock in a transaction dated Wednesday, January 22nd. The shares were sold at an average price of $23.88, for a total value of $119,400.00. Following the sale, the insider now owns 382,010 shares in the company, valued at approximately $9,122,398.80. The trade was a 1.29 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Major shareholders that own more than 10% of a company's shares are required to disclose their transactions with the SEC.

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

• On Thursday, January 16th, Brian Anthony Leveille sold 7,500 shares of Atlas Energy Solutions stock. The shares were sold at an average price of $24.00, for a total transaction 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 transaction of $115,000.00.
• On Monday, December 16th, Brian Anthony Leveille sold 5,000 shares of Atlas Energy Solutions stock. The stock was sold at an average price of $23.17, for a total transaction 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 value 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 value 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 transaction of $427,800.00.
• On Tuesday, October 29th, Brian Anthony Leveille sold 10,000 shares of Atlas Energy Solutions stock. The stock was sold at an average price of $21.02, for a total transaction of $210,200.00.

Atlas Energy Solutions Stock Performance

Shares of NYSE:AESI traded up $0.09 during trading hours on Friday, hitting $23.98. The stock had a trading volume of 727,206 shares, compared to its average volume of 922,120. The company has a debt-to-equity ratio of 0.42, a quick ratio of 1.08 and a current ratio of 1.23. The stock's fifty day simple moving average is $22.66 and its 200 day simple moving average is $21.38. The firm has a market capitalization of $2.64 billion, a price-to-earnings ratio of 30.35, a PEG ratio of 6.98 and a beta of 1.03. Atlas Energy Solutions Inc. has a 1-year low of $16.42 and a 1-year high of $25.38.

Atlas Energy Solutions (NYSE:AESI - Get Free Report) last announced its earnings results on Monday, October 28th. The company reported $0.04 earnings per share for the quarter, missing the consensus estimate of $0.29 by ($0.25). Atlas Energy Solutions had a net margin of 8.78% and a return on equity of 11.01%. The business had revenue of $304.40 million for the quarter, compared to the consensus estimate of $307.93 million. During the same period in the previous year, the firm earned $0.51 EPS. The firm's revenue was up 93.1% on a year-over-year basis. Sell-side analysts anticipate that Atlas Energy Solutions Inc. will post 0.84 earnings per share for the current fiscal year.

Atlas Energy Solutions Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, November 14th. Investors of record on Thursday, November 7th were issued a $0.24 dividend. The ex-dividend date of this dividend was Thursday, November 7th. This represents a $0.96 annualized dividend and a yield of 4.00%. This is an increase from Atlas Energy Solutions's previous quarterly dividend of $0.23. Atlas Energy Solutions's dividend payout ratio is presently 121.52%.

Hedge Funds Weigh In On Atlas Energy Solutions

Large investors have recently bought and sold shares of the stock. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in shares of Atlas Energy Solutions by 1.6% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 44,931 shares of the company's stock valued at $979,000 after acquiring an additional 711 shares during the period. CWM LLC boosted its stake in Atlas Energy Solutions by 47.1% during the third quarter. CWM LLC now owns 2,766 shares of the company's stock valued at $60,000 after buying an additional 886 shares in the last quarter. Cetera Investment Advisers grew its holdings in Atlas Energy Solutions by 1.0% during the second quarter. Cetera Investment Advisers now owns 88,654 shares of the company's stock worth $1,767,000 after acquiring an additional 897 shares during the period. FMR LLC raised its position in Atlas Energy Solutions by 101.0% in the third quarter. FMR LLC now owns 2,696 shares of the company's stock worth $59,000 after acquiring an additional 1,355 shares in the last quarter. Finally, Amalgamated Bank lifted its holdings in Atlas Energy Solutions by 328.1% in the 2nd quarter. Amalgamated Bank now owns 2,350 shares of the company's stock valued at $47,000 after acquiring an additional 1,801 shares during the last quarter. Institutional investors and hedge funds own 34.59% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on AESI shares. Barclays downgraded Atlas Energy Solutions from an "overweight" rating to an "equal weight" rating and decreased their price target for the stock from $23.00 to $19.00 in a research note on Tuesday, November 12th. Pickering Energy Partners lowered Atlas Energy Solutions from an "outperform" rating to a "neutral" rating in a research report on Wednesday, October 30th. Royal Bank of Canada reaffirmed an "outperform" rating and issued a $25.00 price objective on shares of Atlas Energy Solutions in a report on Wednesday, October 30th. Raymond James cut shares of Atlas Energy Solutions from a "strong-buy" rating to a "hold" rating in a report on Monday, January 6th. Finally, Citigroup lowered shares of Atlas Energy Solutions from a "buy" rating to a "neutral" rating and decreased their price target for the company from $23.00 to $22.00 in a report on Thursday, November 14th. Six equities research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $24.50.

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.

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