Atlas Energy Solutions Inc. (NYSE:AESI) Major Shareholder Brian Anthony Leveille Sells 12,500 Shares

Atlas Energy Solutions Inc. (NYSE:AESI) major shareholder Brian Anthony Leveille sold 12,500 shares of the business’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 transaction, the insider now owns 362,010 shares in the company, valued at $8,854,764.60. The trade was a 3.34 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Major shareholders that own 10% or more of a company’s shares 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 value 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 transaction 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 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 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 value of $215,000.00.
• On Monday, November 18th, Brian Anthony Leveille sold 10,000 shares of Atlas Energy Solutions stock. The shares were sold at an average price of $20.70, for a total value of $207,000.00.
• On Wednesday, November 6th, Brian Anthony Leveille sold 20,000 shares of Atlas Energy Solutions stock. The stock was sold at an average price of $21.39, for a total value of $427,800.00.

Atlas Energy Solutions Trading Up 0.0 %

Shares of NYSE AESI traded up $0.01 during midday trading on Wednesday, hitting $25.03. The company’s stock had a trading volume of 952,282 shares, compared to its average volume of 1,089,949. Atlas Energy Solutions Inc. has a 12-month low of $16.42 and a 12-month high of $26.86. The company has a current ratio of 1.23, a quick ratio of 1.08 and a debt-to-equity ratio of 0.42. The firm has a market cap of $2.76 billion, a P/E ratio of 31.68, a price-to-earnings-growth ratio of 6.98 and a beta of 1.03. The business’s 50 day moving average is $22.90 and its two-hundred day moving average is $21.48.

Atlas Energy Solutions (NYSE:AESI) last released 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). The business had revenue of $304.40 million for the quarter, compared to the consensus estimate of $307.93 million. Atlas Energy Solutions had a return on equity of 11.01% and a net margin of 8.78%. The firm’s revenue for the quarter was up 93.1% compared to the same quarter last year. During the same quarter last year, the business posted $0.51 earnings per share. As a group, equities research analysts expect that Atlas Energy Solutions Inc. will post 0.84 EPS for the current year.

Institutional Investors Weigh In On Atlas Energy Solutions

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Envestnet Asset Management Inc. grew its stake in Atlas Energy Solutions by 127.7% in the 2nd quarter. Envestnet Asset Management Inc. now owns 249,826 shares of the company’s stock worth $4,979,000 after acquiring an additional 140,110 shares in the last quarter. Dimensional Fund Advisors LP purchased a new stake in shares of Atlas Energy Solutions in the second quarter valued at approximately $280,000. Amalgamated Bank grew its stake in Atlas Energy Solutions by 328.1% in the second quarter. Amalgamated Bank now owns 2,350 shares of the company’s stock worth $47,000 after purchasing an additional 1,801 shares in the last quarter. Sei Investments Co. increased its holdings in Atlas Energy Solutions by 80.8% during the 2nd quarter. Sei Investments Co. now owns 159,332 shares of the company’s stock worth $3,177,000 after purchasing an additional 71,226 shares during the period. Finally, The Manufacturers Life Insurance Company raised its position in Atlas Energy Solutions by 168.7% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 40,677 shares of the company’s stock valued at $811,000 after purchasing an additional 25,540 shares in the last quarter. Institutional investors own 34.59% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on the stock. Pickering Energy Partners cut shares of Atlas Energy Solutions from an “outperform” rating to a “neutral” rating in a research report on Wednesday, October 30th. Bank of America restated a “neutral” rating and issued a $22.50 target price on shares of Atlas Energy Solutions in a report on Monday, January 13th. Raymond James downgraded shares of Atlas Energy Solutions from a “strong-buy” rating to a “hold” rating in a report on Monday, January 6th. 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 research note on Tuesday. Finally, Benchmark raised their price objective on Atlas Energy Solutions from $23.00 to $28.00 and gave the company a “buy” rating in a research note on Wednesday. Six investment analysts have rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $25.06.

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.