By otakuyassine3@gmail.com 
Atlas Energy Solutions Inc. (NYSE:AESI – Get Free Report) major shareholder Stacy Hock sold 10,000 shares of the stock in a transaction that occurred on Monday, February 3rd. The shares were sold at an average price of $22.50, for a total value of $225,000.00. Following the completion of the sale, the insider now directly owns 897,604 shares of the company’s stock, valued at $20,196,090. This represents a 1.10 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Large shareholders that own at least 10% of a company’s stock are required to disclose their transactions 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 shares were 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 shares were 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 shares were sold at an average price of $21.12, for a total value of $181,019.52.
Atlas Energy Solutions Price Performance
Shares of Atlas Energy Solutions stock traded down $0.56 during midday trading on Wednesday, reaching $21.84. The company had a trading volume of 1,563,842 shares, compared to its average volume of 1,653,350. The stock has a fifty day simple moving average of $22.98 and a 200 day simple moving average of $21.56. The company has a market capitalization of $2.41 billion, a price-to-earnings ratio of 27.64, a price-to-earnings-growth ratio of 6.82 and a beta of 1.03. Atlas Energy Solutions Inc. has a 1-year low of $16.78 and a 1-year 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.
Hedge Funds Weigh In On Atlas Energy Solutions
Several large investors have recently made changes to their positions in the company. Global Retirement Partners LLC raised its stake in shares of Atlas Energy Solutions by 191.9% during the fourth quarter. Global Retirement Partners LLC now owns 1,941 shares of the company’s stock worth $43,000 after buying an additional 1,276 shares during the last quarter. Quest Partners LLC bought a new position in shares of Atlas Energy Solutions during the third quarter worth $48,000. FMR LLC increased its position in shares of Atlas Energy Solutions by 101.0% in the 3rd quarter. FMR LLC now owns 2,696 shares of the company’s stock valued at $59,000 after buying an additional 1,355 shares in the last quarter. CWM LLC raised its stake in Atlas Energy Solutions by 47.1% during the 3rd quarter. CWM LLC now owns 2,766 shares of the company’s stock worth $60,000 after buying an additional 886 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in Atlas Energy Solutions by 55.2% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,745 shares of the company’s stock worth $125,000 after acquiring an additional 2,043 shares in the last quarter. Institutional investors and hedge funds own 34.59% of the company’s stock.
Wall Street Analysts Forecast Growth
Several research analysts recently issued reports on AESI shares. Benchmark increased their price target on shares of Atlas Energy Solutions from $23.00 to $28.00 and gave the stock a “buy” rating in a research report on Wednesday, January 29th. Stephens raised their target price on Atlas Energy Solutions from $28.00 to $29.00 and gave the stock an “overweight” rating in a research report on Tuesday, January 28th. Citigroup lowered Atlas Energy Solutions from a “buy” rating to a “neutral” rating and dropped their price objective for the stock from $23.00 to $22.00 in a research note on Thursday, November 14th. Pickering Energy Partners downgraded shares of Atlas Energy Solutions from an “outperform” rating to a “neutral” rating in a research note on Wednesday, October 30th. Finally, 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. Six equities research analysts have rated the stock with a hold rating, five have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $25.50.
Read Our Latest Stock Analysis on AESI
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.
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