Atlas Energy Solutions Inc. (NYSE:AESI) Major Shareholder Sells $193,276.05 in Stock

Atlas Energy Solutions Inc. (NYSE:AESI) major shareholder Stacy Hock sold 8,571 shares of the business’s stock in a transaction on Wednesday, December 18th. The shares were sold at an average price of $22.55, for a total transaction of $193,276.05. Following the completion of the sale, the insider now directly owns 917,604 shares in the company, valued at $20,691,970.20. This trade represents a 0.93 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Major shareholders that own more than 10% of a company’s stock are required to disclose their sales and purchases with the SEC.

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

• On Wednesday, November 13th, Stacy Hock sold 8,571 shares of Atlas Energy Solutions stock. The shares were sold at an average price of $21.12, for a total transaction of $181,019.52.
• On Thursday, October 3rd, Stacy Hock sold 8,571 shares of Atlas Energy Solutions stock. The stock was sold at an average price of $21.49, for a total value of $184,190.79.

Atlas Energy Solutions Price Performance

NYSE:AESI traded up $0.05 during trading hours on Friday, hitting $21.38. The company’s stock had a trading volume of 332,157 shares, compared to its average volume of 961,416. 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 $2.36 billion, a P/E ratio of 27.06, a PEG ratio of 11.53 and a beta of 0.96. Atlas Energy Solutions Inc. has a twelve month low of $15.55 and a twelve month high of $24.93. The stock has a fifty day simple moving average of $21.44 and a 200-day simple moving average of $20.98.

Atlas Energy Solutions (NYSE:AESI) last issued its quarterly earnings data on Monday, October 28th. The company reported $0.04 earnings per share for the quarter, missing analysts’ consensus estimates of $0.29 by ($0.25). Atlas Energy Solutions had a return on equity of 11.01% and a net margin of 8.78%. The firm had revenue of $304.40 million for the quarter, compared to the consensus estimate of $307.93 million. During the same quarter in the prior year, the firm earned $0.51 EPS. The company’s revenue was up 93.1% on a year-over-year basis. On average, analysts anticipate that Atlas Energy Solutions Inc. will post 0.88 EPS for the current fiscal year.

Atlas Energy Solutions Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, November 14th. Shareholders of record on Thursday, November 7th were issued a dividend of $0.24 per share. The ex-dividend date was Thursday, November 7th. This is an increase from Atlas Energy Solutions’s previous quarterly dividend of $0.23. This represents a $0.96 annualized dividend and a yield of 4.49%. Atlas Energy Solutions’s payout ratio is presently 121.52%.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on the stock. Citigroup lowered shares of Atlas Energy Solutions from a “buy” rating to a “neutral” rating and lowered their price target for the company from $23.00 to $22.00 in a report on Thursday, November 14th. Royal Bank of Canada restated an “outperform” rating and issued a $25.00 price target on shares of Atlas Energy Solutions in a report on Wednesday, October 30th. Barclays cut shares of Atlas Energy Solutions from an “overweight” rating to an “equal weight” rating and cut their price objective for the company from $23.00 to $19.00 in a research report on Tuesday, November 12th. Pickering Energy Partners downgraded Atlas Energy Solutions from an “outperform” rating to a “neutral” rating in a research report on Wednesday, October 30th. Finally, The Goldman Sachs Group assumed coverage on shares of Atlas Energy Solutions in a report on Friday, December 13th. They issued a “neutral” rating and a $23.00 price objective on the stock. Four equities research analysts have rated the stock with a hold rating, six have assigned a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $24.67.

Hedge Funds Weigh In On Atlas Energy Solutions

A number of hedge funds have recently made changes to their positions in AESI. First Horizon Advisors Inc. lifted its stake in shares of Atlas Energy Solutions by 313.7% in the 2nd quarter. First Horizon Advisors Inc. now owns 1,725 shares of the company’s stock valued at $34,000 after purchasing an additional 1,308 shares during the period. Quest Partners LLC bought a new stake in Atlas Energy Solutions in the third quarter worth approximately $48,000. Amalgamated Bank lifted 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 valued at $47,000 after buying an additional 1,801 shares during the period. FMR LLC boosted its holdings in shares of Atlas Energy Solutions by 101.0% during the 3rd quarter. FMR LLC now owns 2,696 shares of the company’s stock worth $59,000 after buying an additional 1,355 shares in the last quarter. Finally, CWM LLC grew its position 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 buying an additional 886 shares during the period. 34.59% of the stock is currently owned by institutional investors.

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.