Gregory Shepard Sells 130,000 Shares of Atlas Energy Solutions (NYSE:AESI) Stock

Atlas Energy Solutions Inc. (NYSE:AESI) insider Gregory Shepard sold 130,000 shares of the company’s stock in a transaction dated 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 sale, the insider owned 7,421,210 shares in the company, valued at approximately $88,906,095.80. This trade represents a 1.72% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

Atlas Energy Solutions Stock Up 0.2%

Shares of AESI stock traded up $0.03 during trading hours on Thursday, reaching $11.94. 477,892 shares of the stock were exchanged, compared to its average volume of 2,166,780. Atlas Energy Solutions Inc. has a 12-month low of $7.64 and a 12-month high of $22.34. The business’s fifty day moving average is $10.74 and its two-hundred day moving average is $10.75. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.35 and a quick ratio of 1.09. The firm has a market capitalization of $1.48 billion, a P/E ratio of -133.11 and a beta of 1.22.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on AESI. Stephens set a $16.00 price objective on shares of Atlas Energy Solutions in a report on Tuesday, January 27th. Citigroup dropped their price target on Atlas Energy Solutions from $11.00 to $10.40 and set a “neutral” rating on the stock in a research note on Tuesday, December 23rd. The Goldman Sachs Group downgraded Atlas Energy Solutions from a “neutral” rating to a “sell” rating and lowered their target price for the company from $12.00 to $8.00 in a research note on Thursday, November 20th. Royal Bank Of Canada set a $12.00 price target on Atlas Energy Solutions in a report on Thursday, January 15th. Finally, Weiss Ratings upgraded shares of Atlas Energy Solutions from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Wednesday, February 11th. Four equities research analysts have rated the stock with a Buy rating, four have issued a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $12.80.

Hedge Funds Weigh In On Atlas Energy Solutions

A number of institutional investors and hedge funds have recently bought and sold shares of AESI. Alpine Woods Capital Investors LLC purchased a new stake in shares of Atlas Energy Solutions during the fourth quarter valued at approximately $653,000. Papamarkou Wellner Asset Management inc. acquired a new stake in shares of Atlas Energy Solutions during the fourth quarter valued at about $302,000. First Citizens Bank & Trust Co. acquired a new position in shares of Atlas Energy Solutions in the fourth quarter worth about $206,000. State of Tennessee Department of Treasury boosted its holdings in Atlas Energy Solutions by 16.6% in the fourth quarter. State of Tennessee Department of Treasury now owns 17,390 shares of the company’s stock valued at $164,000 after purchasing an additional 2,481 shares during the last quarter. Finally, Wellington Management Group LLP acquired a new position in shares of Atlas Energy Solutions in the 4th quarter valued at approximately $10,813,000. Hedge funds and other institutional investors own 34.59% of the company’s stock.

Atlas Energy Solutions Company Profile

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.