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 on Wednesday, February 18th. The stock was sold at an average price of $11.98, for a total transaction of $1,557,400.00. Following the transaction, the insider owned 7,421,210 shares in the company, valued at approximately $88,906,095.80. The trade was a 1.72% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

Atlas Energy Solutions Trading Down 3.0%

NYSE:AESI opened at $11.70 on Friday. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.35 and a quick ratio of 1.09. Atlas Energy Solutions Inc. has a one year low of $7.64 and a one year high of $21.78. The company has a market cap of $1.45 billion, a PE ratio of -129.94 and a beta of 1.22. The firm has a 50-day moving average of $10.80 and a 200-day moving average of $10.75.

Hedge Funds Weigh In On Atlas Energy Solutions

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. EverSource Wealth Advisors LLC bought a new stake in Atlas Energy Solutions in the second quarter worth about $25,000. Quarry LP bought a new position in shares of Atlas Energy Solutions during the 3rd 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 4th quarter. Caitong International Asset Management Co. Ltd now owns 2,748 shares of the company’s stock worth $26,000 after purchasing an additional 2,745 shares during the last quarter. Islay Capital Management LLC bought a new stake in shares of Atlas Energy Solutions in the 4th quarter worth 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 valued at $30,000 after purchasing an additional 1,586 shares during the last quarter. 34.59% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on the company. Weiss Ratings raised Atlas Energy Solutions from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Wednesday, February 11th. Citigroup cut their price objective on shares of Atlas Energy Solutions from $11.00 to $10.40 and set a “neutral” rating on the stock in a report on Tuesday, December 23rd. The Goldman Sachs Group lowered shares of Atlas Energy Solutions from a “neutral” rating to a “sell” rating and reduced their target price for the stock 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 shares of Atlas Energy Solutions in a research report on Thursday, January 15th. Finally, Piper Sandler reduced their price objective on shares of Atlas Energy Solutions from $12.00 to $10.00 and set a “neutral” rating for the company in a research report on Monday, November 17th. Four analysts have rated the stock with a Buy rating, four have given a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target 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.