Atlas Energy Solutions Inc. (NYSE:AESI) Major Shareholder Stacy Hock Sells 10,000 Shares

Atlas Energy Solutions Inc. (NYSE:AESI - Get Free Report) major shareholder Stacy Hock sold 10,000 shares of the business's stock in a transaction that occurred on Monday, February 3rd. The stock was sold at an average price of $22.50, for a total value of $225,000.00. Following the sale, the insider now directly owns 897,604 shares in the company, valued at approximately $20,196,090. The trade was a 1.10 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Large shareholders that own 10% or more of a company's shares are required to disclose their transactions with the SEC.

Stacy Hock also recently made the following trade(s):

• On Friday, January 10th, Stacy Hock sold 10,000 shares of Atlas Energy Solutions stock. The stock was sold at an average price of $21.96, for a total value of $219,600.00.
• On Wednesday, December 18th, Stacy Hock sold 8,571 shares of Atlas Energy Solutions stock. The shares were sold at an average price of $22.55, for a total transaction of $193,276.05.
• On Wednesday, November 13th, Stacy Hock sold 8,571 shares of Atlas Energy Solutions stock. The stock was sold at an average price of $21.12, for a total transaction of $181,019.52.

Atlas Energy Solutions Stock Down 3.1 %

Shares of AESI stock traded down $0.68 during trading on Friday, hitting $21.03. 2,126,043 shares of the company were exchanged, compared to its average volume of 1,840,420. The business's 50-day simple moving average is $22.86 and its 200 day simple moving average is $21.56. Atlas Energy Solutions Inc. has a twelve month low of $17.08 and a twelve month high of $26.86. The firm has a market capitalization of $2.32 billion, a price-to-earnings ratio of 26.63, a P/E/G ratio of 6.39 and a beta of 1.03. The company has a debt-to-equity ratio of 0.42, a quick ratio of 1.08 and a current ratio of 1.23.

Analyst Ratings Changes

Several research analysts have issued reports on AESI shares. Bank of America reaffirmed a "neutral" rating and issued a $22.50 price target on shares of Atlas Energy Solutions in a report on Monday, January 13th. Citigroup lowered Atlas Energy Solutions from a "buy" rating to a "neutral" rating and cut their target price for the stock from $23.00 to $22.00 in a research report on Thursday, November 14th. Barclays increased their price target on Atlas Energy Solutions from $19.00 to $23.00 and gave the company an "equal weight" rating in a research report on Thursday, January 30th. Royal Bank of Canada boosted their price objective on Atlas Energy Solutions from $27.00 to $28.00 and gave the stock an "outperform" rating in a report on Tuesday, January 28th. Finally, Stephens raised their target price on shares of Atlas Energy Solutions from $28.00 to $29.00 and gave the stock an "overweight" rating in a report on Tuesday, January 28th. Six analysts have rated the stock with a hold rating, five have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, Atlas Energy Solutions presently has an average rating of "Moderate Buy" and a consensus target price of $25.50.

Institutional Investors Weigh In On Atlas Energy Solutions

A number of institutional investors have recently modified their holdings of the stock. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in Atlas Energy Solutions by 1.6% in 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 worth $979,000 after buying an additional 711 shares during the last quarter. CWM LLC increased its stake in shares of Atlas Energy Solutions by 47.1% during the 3rd quarter. CWM LLC now owns 2,766 shares of the company's stock worth $60,000 after purchasing an additional 886 shares during the last quarter. Cetera Investment Advisers raised its holdings in shares of Atlas Energy Solutions by 1.0% during the 2nd quarter. Cetera Investment Advisers now owns 88,654 shares of the company's stock valued at $1,767,000 after purchasing an additional 897 shares in the last quarter. Wilmington Savings Fund Society FSB lifted its stake in shares of Atlas Energy Solutions by 8.0% in the 4th quarter. Wilmington Savings Fund Society FSB now owns 14,770 shares of the company's stock valued at $328,000 after purchasing an additional 1,100 shares during the last quarter. Finally, Global Retirement Partners LLC boosted its holdings in Atlas Energy Solutions by 191.9% in the fourth quarter. Global Retirement Partners LLC now owns 1,941 shares of the company's stock worth $43,000 after purchasing an additional 1,276 shares in the last quarter. Institutional investors and hedge funds own 34.59% of the company's stock.

About Atlas Energy Solutions

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.