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

Atlas Energy Solutions Inc. (NYSE:AESI) major shareholder Stacy Hock sold 10,000 shares of the business’s stock in a transaction on Monday, February 3rd. The stock was sold at an average price of $22.50, for a total transaction of $225,000.00. Following the completion of the sale, the insider now directly owns 897,604 shares in the company, valued at approximately $20,196,090. This represents a 1.10 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Major shareholders that own at least 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 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 transaction of $219,600.00.
• On Wednesday, December 18th, Stacy Hock sold 8,571 shares of Atlas Energy Solutions stock. The stock was 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 Price Performance

Shares of NYSE AESI opened at $21.84 on Thursday. Atlas Energy Solutions Inc. has a fifty-two week low of $16.78 and a fifty-two week high of $26.86. The stock has a market cap of $2.41 billion, a price-to-earnings ratio of 27.64, a PEG ratio of 6.82 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. The firm’s 50-day simple moving average is $22.95 and its 200 day simple moving average is $21.56.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on AESI shares. Citigroup lowered shares of Atlas Energy Solutions from a “buy” rating to a “neutral” rating and dropped their target price for the company from $23.00 to $22.00 in a report on Thursday, November 14th. Barclays boosted their target price on shares of Atlas Energy Solutions from $19.00 to $23.00 and gave the company an “equal weight” rating in a report on Thursday, January 30th. Royal Bank of Canada boosted their target price 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. Raymond James lowered shares of Atlas Energy Solutions from a “strong-buy” rating to a “hold” rating in a report on Monday, January 6th. Finally, The Goldman Sachs Group initiated coverage on shares of Atlas Energy Solutions in a research report on Friday, December 13th. They set a “neutral” rating and a $23.00 price objective on the stock. Six analysts have rated the stock with a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, Atlas Energy Solutions currently has a consensus rating of “Moderate Buy” and an average price target of $25.50.

Hedge Funds Weigh In On Atlas Energy Solutions

Several large investors have recently added to or reduced their stakes in AESI. Stifel Financial Corp increased its stake in 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 buying an additional 28,158 shares during the last quarter. Charles Schwab Investment Management Inc. increased its stake in Atlas Energy Solutions by 5.3% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 518,569 shares of the company’s stock valued at $11,305,000 after buying an additional 25,999 shares during the last quarter. Ashford Capital Management Inc. increased its stake in 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 buying an additional 127,910 shares during the last quarter. Hodges Capital Management Inc. increased its stake in Atlas Energy Solutions by 44.7% in the 4th quarter. Hodges Capital Management Inc. now owns 194,000 shares of the company’s stock valued at $4,302,000 after buying an additional 59,940 shares during the last quarter. Finally, Principal Financial Group Inc. purchased a new stake in Atlas Energy Solutions in the 3rd quarter valued at about $844,000. Institutional investors own 34.59% of the company’s stock.

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.