Key Points
- Chris Scholla, a major shareholder, sold 8,912 Atlas Energy Solutions (NYSE:AESI) shares on March 6 at an average price of $11.79 for roughly $105,072, leaving him with 567,972 shares (a 1.54% reduction), as disclosed in an SEC filing.
- AESI stock jumped about 5.4% to $11.93 on the day with heavy volume (4.9M shares traded vs. a ~2.4M average), and the company has a market cap near $1.48 billion with a negative trailing P/E (~-29.8).
- Analysts are evenly split and the consensus rating is Hold with a $11.20 price target; institutional investors own about 34.6% of the stock, with several funds making modest position changes recently.
Atlas Energy Solutions Inc. (NYSE:AESI - Get Free Report) major shareholder Chris Scholla sold 8,912 shares of the company's stock in a transaction on Friday, March 6th. The shares were sold at an average price of $11.79, for a total transaction of $105,072.48. Following the completion of the transaction, the insider owned 567,972 shares of the company's stock, valued at $6,696,389.88. This trade represents a 1.54% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Large shareholders that own at least 10% of a company's shares are required to disclose their transactions with the SEC.
Atlas Energy Solutions Stock Up 5.4%
AESI stock traded up $0.61 during mid-day trading on Friday, hitting $11.93. 4,896,025 shares of the company were exchanged, compared to its average volume of 2,403,504. The firm has a fifty day simple moving average of $10.96 and a 200 day simple moving average of $10.65. The company has a market capitalization of $1.48 billion, a PE ratio of -29.82 and a beta of 1.31. Atlas Energy Solutions Inc. has a twelve month low of $7.64 and a twelve month high of $19.00. The company has a current ratio of 1.46, a quick ratio of 1.16 and a debt-to-equity ratio of 0.47.
Institutional Investors Weigh In On Atlas Energy Solutions
Large investors have recently added to or reduced their stakes in the stock. Thrivent Financial for Lutherans lifted its stake in Atlas Energy Solutions by 1.7% in the second quarter. Thrivent Financial for Lutherans now owns 53,631 shares of the company's stock valued at $717,000 after buying an additional 874 shares during the last quarter. Police & Firemen s Retirement System of New Jersey boosted its holdings in shares of Atlas Energy Solutions by 7.1% during the second quarter. Police & Firemen s Retirement System of New Jersey now owns 16,090 shares of the company's stock valued at $215,000 after acquiring an additional 1,061 shares during the period. Louisiana State Employees Retirement System grew its position in shares of Atlas Energy Solutions by 3.5% during the third quarter. Louisiana State Employees Retirement System now owns 35,300 shares of the company's stock worth $401,000 after acquiring an additional 1,200 shares during the last quarter. Belpointe Asset Management LLC grew its position in shares of Atlas Energy Solutions by 3.5% during the third quarter. Belpointe Asset Management LLC now owns 36,262 shares of the company's stock worth $412,000 after acquiring an additional 1,232 shares during the last quarter. Finally, Alliancebernstein L.P. increased its holdings in shares of Atlas Energy Solutions by 2.1% in the 3rd quarter. Alliancebernstein L.P. now owns 72,580 shares of the company's stock worth $825,000 after acquiring an additional 1,500 shares during the period. 34.59% of the stock is owned by institutional investors and hedge funds.
Analyst Upgrades and Downgrades
AESI has been the subject of several research analyst reports. Barclays boosted their price objective on Atlas Energy Solutions from $7.00 to $8.00 and gave the company an "underweight" rating in a report on Thursday, February 26th. Piper Sandler decreased their target price on 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. Stifel Nicolaus set a $13.00 price target on Atlas Energy Solutions in a report on Tuesday, February 24th. Royal Bank Of Canada set a $12.00 price target on Atlas Energy Solutions in a research report on Thursday, January 15th. Finally, Zacks Research upgraded Atlas Energy Solutions from a "strong sell" rating to a "hold" rating in a research note on Monday, January 26th. Three equities research analysts have rated the stock with a Buy rating, three have issued a Hold rating and three have given a Sell rating to the company's stock. According to MarketBeat.com, Atlas Energy Solutions presently has a consensus rating of "Hold" and a consensus price target of $11.20.
Get Our Latest Stock Report on Atlas Energy Solutions
About Atlas Energy Solutions
(
Get Free Report)
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.
Read More
This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. Please send any questions or comments about this story to [email protected].
