Comerica Bank lowered its stake in shares of Atlas Energy Solutions Inc. (NYSE:AESI – Free Report) by 39.1% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 42,783 shares of the company’s stock after selling 27,414 shares during the quarter. Comerica Bank’s holdings in Atlas Energy Solutions were worth $403,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Thrivent Financial for Lutherans increased its position in Atlas Energy Solutions by 1.7% during the second quarter. Thrivent Financial for Lutherans now owns 53,631 shares of the company’s stock worth $717,000 after acquiring an additional 874 shares during the period. Louisiana State Employees Retirement System increased its position in Atlas Energy Solutions by 3.5% during the third quarter. Louisiana State Employees Retirement System now owns 35,300 shares of the company’s stock worth $401,000 after acquiring an additional 1,200 shares during the period. Belpointe Asset Management LLC increased its position in Atlas Energy Solutions by 3.5% during the third quarter. Belpointe Asset Management LLC now owns 36,262 shares of the company’s stock worth $412,000 after acquiring an additional 1,232 shares during the period. Alliancebernstein L.P. increased its holdings in Atlas Energy Solutions by 2.1% in the 3rd quarter. Alliancebernstein L.P. now owns 72,580 shares of the company’s stock valued at $825,000 after buying an additional 1,500 shares during the period. Finally, Central Pacific Bank Trust Division increased its holdings in Atlas Energy Solutions by 7.0% in the 4th quarter. Central Pacific Bank Trust Division now owns 25,405 shares of the company’s stock valued at $239,000 after buying an additional 1,662 shares during the period. Institutional investors own 34.59% of the company’s stock.
Insider Buying and Selling
In other news, insider Gregory M. Shepard sold 130,000 shares of the stock in a transaction that occurred on Wednesday, February 18th. The stock was sold at an average price of $11.98, for a total value of $1,557,400.00. Following the completion of the sale, the insider owned 7,421,210 shares of the company’s stock, valued at approximately $88,906,095.80. This represents a 1.72% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, major shareholder Chris Scholla sold 8,912 shares of the stock in a transaction that occurred on Friday, March 6th. The shares were sold at an average price of $11.79, for a total value of $105,072.48. Following the completion of the sale, the insider directly owned 567,972 shares of the company’s stock, valued at approximately $6,696,389.88. The trade was a 1.54% decrease in their position. The SEC filing for this sale provides additional information. In the last ninety days, insiders have sold 238,912 shares of company stock valued at $2,837,472. Insiders own 16.40% of the company’s stock.
Analyst Upgrades and Downgrades
Read Our Latest Analysis on Atlas Energy Solutions
Atlas Energy Solutions Price Performance
NYSE AESI opened at $18.29 on Wednesday. Atlas Energy Solutions Inc. has a 52-week low of $7.64 and a 52-week high of $19.61. The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.94 and a current ratio of 1.17. The business has a 50 day simple moving average of $13.84 and a 200 day simple moving average of $11.61. The stock has a market cap of $2.27 billion, a price-to-earnings ratio of -23.15 and a beta of 1.08.
About Atlas Energy Solutions
Atlas Energy Solutions (NYSE: AESI) is an independent energy infrastructure company specializing in the development and operation of low-carbon and renewable natural gas (RNG) projects alongside complementary clean energy offerings. Through its diversified platform, the company seeks to deliver decarbonization solutions across heavy-duty transportation and industrial markets, leveraging technologies that reduce greenhouse gas emissions while providing reliable fuel and energy services.
The company’s core business activities encompass four primary segments.
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