Atlas Energy Solutions Inc. (NYSE:AESI) Major Shareholder Brian Anthony Leveille Sells 12,500 Shares

Atlas Energy Solutions Inc. (NYSE:AESI) major shareholder Brian Anthony Leveille sold 12,500 shares of the firm’s stock in a transaction on Monday, January 27th. The shares were sold at an average price of $24.46, for a total transaction of $305,750.00. Following the completion of the sale, the insider now owns 362,010 shares in the company, valued at $8,854,764.60. The trade was a 3.34 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Major shareholders that own at least 10% of a company’s shares are required to disclose their transactions with the SEC.

Brian Anthony Leveille also recently made the following trade(s):

• On Wednesday, January 22nd, Brian Anthony Leveille sold 5,000 shares of Atlas Energy Solutions stock. The shares were sold at an average price of $23.88, for a total value of $119,400.00.
• On Thursday, January 16th, Brian Anthony Leveille sold 7,500 shares of Atlas Energy Solutions stock. The stock was sold at an average price of $24.00, for a total value of $180,000.00.
• On Thursday, January 2nd, Brian Anthony Leveille sold 5,000 shares of Atlas Energy Solutions stock. The shares were sold at an average price of $23.00, for a total value of $115,000.00.
• On Monday, December 16th, Brian Anthony Leveille sold 5,000 shares of Atlas Energy Solutions stock. The stock was sold at an average price of $23.17, for a total value of $115,850.00.
• On Tuesday, December 3rd, Brian Anthony Leveille sold 12,500 shares of Atlas Energy Solutions stock. The shares were sold at an average price of $23.95, for a total transaction of $299,375.00.
• On Monday, November 25th, Brian Anthony Leveille sold 30,000 shares of Atlas Energy Solutions stock. The stock was sold at an average price of $24.02, for a total transaction of $720,600.00.
• On Thursday, November 21st, Brian Anthony Leveille sold 10,000 shares of Atlas Energy Solutions stock. The shares were sold at an average price of $21.50, for a total transaction of $215,000.00.
• On Monday, November 18th, Brian Anthony Leveille sold 10,000 shares of Atlas Energy Solutions stock. The shares were sold at an average price of $20.70, for a total value of $207,000.00.
• On Wednesday, November 6th, Brian Anthony Leveille sold 20,000 shares of Atlas Energy Solutions stock. The stock was sold at an average price of $21.39, for a total transaction of $427,800.00.

Atlas Energy Solutions Price Performance

Atlas Energy Solutions stock opened at $25.04 on Friday. The firm has a market capitalization of $2.76 billion, a PE ratio of 31.70, a P/E/G ratio of 6.98 and a beta of 1.03. Atlas Energy Solutions Inc. has a 52 week low of $16.42 and a 52 week high of $26.86. The firm’s 50-day simple moving average is $23.04 and its 200 day simple moving average is $21.53. The company has a quick ratio of 1.08, a current ratio of 1.23 and a debt-to-equity ratio of 0.42.

Atlas Energy Solutions (NYSE:AESI) last announced its quarterly earnings results on Monday, October 28th. The company reported $0.04 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.29 by ($0.25). Atlas Energy Solutions had a net margin of 8.78% and a return on equity of 11.01%. The business had revenue of $304.40 million during the quarter, compared to analysts’ expectations of $307.93 million. During the same period last year, the company earned $0.51 EPS. The firm’s revenue for the quarter was up 93.1% on a year-over-year basis. On average, equities research analysts predict that Atlas Energy Solutions Inc. will post 0.84 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities analysts have commented on AESI shares. Pickering Energy Partners downgraded shares of Atlas Energy Solutions from an “outperform” rating to a “neutral” rating in a research report on Wednesday, October 30th. Raymond James downgraded shares of Atlas Energy Solutions from a “strong-buy” rating to a “hold” rating in a research report on Monday, January 6th. Royal Bank of Canada lifted their price objective on Atlas Energy Solutions from $27.00 to $28.00 and gave the company an “outperform” rating in a report on Tuesday. Barclays increased their target price on Atlas Energy Solutions from $19.00 to $23.00 and gave the stock an “equal weight” rating in a research note on Thursday. Finally, Benchmark increased their price objective on Atlas Energy Solutions from $23.00 to $28.00 and gave the stock a “buy” rating in a research report on Wednesday. Six investment analysts have rated the stock with a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $25.50.

Institutional Investors Weigh In On Atlas Energy Solutions

A number of large investors have recently bought and sold shares of AESI. Envestnet Asset Management Inc. raised its holdings in shares of Atlas Energy Solutions by 127.7% in the second quarter. Envestnet Asset Management Inc. now owns 249,826 shares of the company’s stock worth $4,979,000 after acquiring an additional 140,110 shares during the last quarter. Dimensional Fund Advisors LP acquired a new position in Atlas Energy Solutions in the 2nd quarter valued at about $280,000. Amalgamated Bank lifted its holdings in Atlas Energy Solutions by 328.1% in the 2nd quarter. Amalgamated Bank now owns 2,350 shares of the company’s stock valued at $47,000 after purchasing an additional 1,801 shares in the last quarter. Sei Investments Co. boosted its stake in shares of Atlas Energy Solutions by 80.8% during the 2nd quarter. Sei Investments Co. now owns 159,332 shares of the company’s stock worth $3,177,000 after purchasing an additional 71,226 shares during the last quarter. Finally, The Manufacturers Life Insurance Company grew its holdings in shares of Atlas Energy Solutions by 168.7% during the second quarter. The Manufacturers Life Insurance Company now owns 40,677 shares of the company’s stock worth $811,000 after buying an additional 25,540 shares in the last quarter. Institutional investors and hedge funds own 34.59% of the company’s stock.

About Atlas Energy Solutions

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.