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

Atlas Energy Solutions Inc. (NYSE:AESI) major shareholder Stacy Hock sold 10,000 shares of the company’s stock in a transaction dated 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 transaction, the insider now owns 897,604 shares in the company, valued at $20,196,090. This represents a 1.10 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Large 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 Trading Down 3.1 %

NYSE AESI opened at $21.03 on Friday. The company has a fifty day simple moving average of $22.91 and a two-hundred day simple moving average of $21.56. The stock has a market cap of $2.32 billion, a P/E ratio of 26.63, a P/E/G ratio of 6.82 and a beta of 1.03. Atlas Energy Solutions Inc. has a 12-month low of $17.08 and a 12-month high of $26.86. The company has a current ratio of 1.23, a quick ratio of 1.08 and a debt-to-equity ratio of 0.42.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on AESI shares. Pickering Energy Partners cut shares of Atlas Energy Solutions from an “outperform” rating to a “neutral” rating in a research report on Wednesday, October 30th. Stephens upped their price target on shares of Atlas Energy Solutions from $28.00 to $29.00 and gave the stock an “overweight” rating in a research report on Tuesday, January 28th. Raymond James cut shares of Atlas Energy Solutions from a “strong-buy” rating to a “hold” rating in a research report on Monday, January 6th. Bank of America reissued a “neutral” rating and set a $22.50 target price on shares of Atlas Energy Solutions in a research report on Monday, January 13th. Finally, Benchmark increased their target price on shares of Atlas Energy Solutions from $23.00 to $28.00 and gave the company a “buy” rating in a research report on Wednesday, January 29th. Six research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $25.50.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in AESI. Wellington Management Group LLP purchased a new position in shares of Atlas Energy Solutions in the third quarter worth $17,314,000. First Sabrepoint Capital Management LP acquired a new stake in shares of Atlas Energy Solutions in the third quarter worth $8,066,000. Copeland Capital Management LLC increased its stake in shares of Atlas Energy Solutions by 19.3% in the fourth quarter. Copeland Capital Management LLC now owns 2,247,774 shares of the company’s stock worth $49,856,000 after acquiring an additional 363,742 shares during the period. Bank of New York Mellon Corp increased its stake in shares of Atlas Energy Solutions by 75.5% in the fourth quarter. Bank of New York Mellon Corp now owns 835,683 shares of the company’s stock worth $18,535,000 after acquiring an additional 359,420 shares during the period. Finally, Principal Financial Group Inc. increased its stake in shares of Atlas Energy Solutions by 759.9% in the fourth quarter. Principal Financial Group Inc. now owns 332,916 shares of the company’s stock worth $7,384,000 after acquiring an additional 294,201 shares during the period. Hedge funds and other 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.