Chris Scholla Sells 8,912 Shares of Atlas Energy Solutions (NYSE:AESI) Stock

Atlas Energy Solutions Inc. (NYSE:AESI) major shareholder Chris Scholla sold 8,912 shares of Atlas Energy Solutions stock in a transaction dated 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 transaction, the insider owned 567,972 shares in the company, valued at $6,696,389.88. This trade represents a 1.54% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Large shareholders that own more than 10% of a company’s shares are required to disclose their transactions with the SEC.

Atlas Energy Solutions Stock Up 5.4%

Shares of AESI traded up $0.61 during mid-day trading on Friday, hitting $11.93. 4,896,025 shares of the company traded hands, compared to its average volume of 2,543,941. The company has a market capitalization of $1.48 billion, a PE ratio of -29.82 and a beta of 1.31. The company has a quick ratio of 1.16, a current ratio of 1.46 and a debt-to-equity ratio of 0.47. The business has a 50 day moving average of $10.91 and a 200 day moving average of $10.65. Atlas Energy Solutions Inc. has a 1-year low of $7.64 and a 1-year high of $19.00.

Analyst Ratings Changes

A number of research firms recently issued reports on AESI. Weiss Ratings downgraded shares of Atlas Energy Solutions from a “hold (c-)” rating to a “sell (d)” rating in a research report on Friday, February 27th. Stifel Nicolaus set a $13.00 price target on shares of Atlas Energy Solutions in a research report on Tuesday, February 24th. Citigroup decreased their price target on shares of 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. Stephens set a $16.00 price objective on Atlas Energy Solutions in a research report on Tuesday, January 27th. Finally, Barclays raised their target price on Atlas Energy Solutions from $7.00 to $8.00 and gave the stock an “underweight” rating in a research note on Thursday, February 26th. Three research analysts have rated the stock with a Buy rating, three have issued a Hold rating and three have assigned a Sell rating to the company’s stock. According to MarketBeat, Atlas Energy Solutions presently has a consensus rating of “Hold” and an average price target of $11.20.

Institutional Investors Weigh In On Atlas Energy Solutions

A number of hedge funds have recently added to or reduced their stakes in AESI. Boston Partners purchased a new stake in shares of Atlas Energy Solutions during the second quarter worth approximately $627,000. AlphaQuest LLC boosted its position in shares of Atlas Energy Solutions by 520.9% during the 3rd quarter. AlphaQuest LLC now owns 151,979 shares of the company’s stock worth $1,728,000 after acquiring an additional 127,502 shares in the last quarter. Kennedy Capital Management LLC increased its holdings in shares of Atlas Energy Solutions by 35.4% in the 2nd quarter. Kennedy Capital Management LLC now owns 943,501 shares of the company’s stock valued at $12,615,000 after acquiring an additional 246,843 shares during the last quarter. Advisors Asset Management Inc. acquired a new stake in shares of Atlas Energy Solutions during the 2nd quarter worth about $1,172,000. Finally, Villere ST Denis J & Co. LLC boosted its holdings in shares of Atlas Energy Solutions by 10.5% in the 3rd quarter. Villere ST Denis J & Co. LLC now owns 2,219,928 shares of the company’s stock valued at $25,241,000 after buying an additional 211,203 shares in the last quarter. 34.59% of the stock is currently owned by institutional investors and hedge funds.

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.