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

Atlas Energy Solutions Inc. (NYSE:AESI) insider Gregory Shepard sold 130,000 shares of the stock in a transaction on Wednesday, February 18th. The shares were sold at an average price of $11.98, for a total value of $1,557,400.00. Following the completion of the transaction, the insider directly owned 7,421,210 shares in the company, valued at approximately $88,906,095.80. This represents a 1.72% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Atlas Energy Solutions Price Performance

NYSE:AESI traded down $0.30 during mid-day trading on Friday, reaching $11.76. The stock had a trading volume of 128,555 shares, compared to its average volume of 2,147,633. The stock has a market capitalization of $1.46 billion, a P/E ratio of -130.60 and a beta of 1.22. The firm has a 50 day moving average price of $10.77 and a two-hundred day moving average price of $10.76. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.09 and a current ratio of 1.35. Atlas Energy Solutions Inc. has a one year low of $7.64 and a one year high of $21.78.

Institutional Trading of Atlas Energy Solutions

Several large investors have recently modified their holdings of the business. EverSource Wealth Advisors LLC bought a new position in Atlas Energy Solutions during the 2nd quarter valued at approximately $25,000. Quarry LP purchased a new position in shares of Atlas Energy Solutions during the third quarter valued at approximately $26,000. Caitong International Asset Management Co. Ltd increased its stake in shares of Atlas Energy Solutions by 91,500.0% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 2,748 shares of the company’s stock valued at $26,000 after buying an additional 2,745 shares during the period. Islay Capital Management LLC bought a new position in shares of Atlas Energy Solutions during the fourth quarter valued at approximately $28,000. Finally, CWM LLC lifted its stake in Atlas Energy Solutions by 244.4% in the second quarter. CWM LLC now owns 2,235 shares of the company’s stock worth $30,000 after acquiring an additional 1,586 shares during the period. 34.59% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several equities analysts recently commented on AESI shares. Piper Sandler reduced their target price on shares of Atlas Energy Solutions from $12.00 to $10.00 and set a “neutral” rating on the stock in a report on Monday, November 17th. Weiss Ratings raised Atlas Energy Solutions from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Wednesday, February 11th. Citigroup decreased their price objective on Atlas Energy Solutions from $11.00 to $10.40 and set a “neutral” rating on the stock in a report on Tuesday, December 23rd. Zacks Research upgraded Atlas Energy Solutions from a “strong sell” rating to a “hold” rating in a report on Monday, January 26th. Finally, The Goldman Sachs Group cut Atlas Energy Solutions from a “neutral” rating to a “sell” rating and decreased their price target for the stock from $12.00 to $8.00 in a research note on Thursday, November 20th. Four equities research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat, Atlas Energy Solutions currently has an average rating of “Hold” and a consensus target price of $12.80.

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.