Atlas Energy Solutions Inc. (NYSE:AESI) Major Shareholder Brian Anthony Leveille Sells 30,000 Shares

Atlas Energy Solutions Inc. (NYSE:AESI) major shareholder Brian Anthony Leveille sold 30,000 shares of the business’s stock in a transaction on Monday, November 25th. The shares were sold at an average price of $24.02, for a total transaction of $720,600.00. Following the sale, the insider now owns 432,010 shares of the company’s stock, valued at approximately $10,376,880.20. This represents a 6.49 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Large shareholders that own more than 10% of a company’s stock are required to disclose their transactions with the SEC.

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

• 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 value 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 transaction 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.
• On Tuesday, October 29th, Brian Anthony Leveille sold 10,000 shares of Atlas Energy Solutions stock. The stock was sold at an average price of $21.02, for a total transaction of $210,200.00.
• On Monday, October 14th, Brian Anthony Leveille sold 10,000 shares of Atlas Energy Solutions stock. The shares were sold at an average price of $20.50, for a total transaction of $205,000.00.

Atlas Energy Solutions Trading Down 0.6 %

AESI stock opened at $23.42 on Friday. The company has a market capitalization of $2.58 billion, a price-to-earnings ratio of 29.65, a PEG ratio of 13.12 and a beta of 0.69. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.23 and a quick ratio of 1.08. Atlas Energy Solutions Inc. has a 1-year low of $15.55 and a 1-year high of $24.93. The business has a 50 day simple moving average of $21.21 and a two-hundred day simple moving average of $21.06.

Atlas Energy Solutions (NYSE:AESI) last posted its earnings results on Monday, October 28th. The company reported $0.04 earnings per share for the quarter, missing the consensus estimate of $0.29 by ($0.25). The company had revenue of $304.40 million for the quarter, compared to analysts’ expectations of $307.93 million. Atlas Energy Solutions had a net margin of 8.78% and a return on equity of 11.01%. The business’s revenue was up 93.1% on a year-over-year basis. During the same period in the previous year, the business posted $0.51 earnings per share. Research analysts anticipate that Atlas Energy Solutions Inc. will post 0.8 EPS for the current fiscal year.

Atlas Energy Solutions Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, November 14th. Investors of record on Thursday, November 7th were given a $0.24 dividend. This is an increase from Atlas Energy Solutions’s previous quarterly dividend of $0.23. This represents a $0.96 dividend on an annualized basis and a dividend yield of 4.10%. The ex-dividend date of this dividend was Thursday, November 7th. Atlas Energy Solutions’s payout ratio is currently 121.52%.

Hedge Funds Weigh In On Atlas Energy Solutions

Several institutional investors have recently added to or reduced their stakes in the company. First Horizon Advisors Inc. raised its holdings in shares of Atlas Energy Solutions by 313.7% during the 2nd quarter. First Horizon Advisors Inc. now owns 1,725 shares of the company’s stock worth $34,000 after acquiring an additional 1,308 shares in the last quarter. Quest Partners LLC bought a new stake in Atlas Energy Solutions in the third quarter worth $48,000. Amalgamated Bank raised its stake in Atlas Energy Solutions by 328.1% during the second 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. FMR LLC raised its stake in Atlas Energy Solutions by 101.0% during the third quarter. FMR LLC now owns 2,696 shares of the company’s stock valued at $59,000 after purchasing an additional 1,355 shares in the last quarter. Finally, CWM LLC lifted its position in Atlas Energy Solutions by 47.1% during the third quarter. CWM LLC now owns 2,766 shares of the company’s stock valued at $60,000 after purchasing an additional 886 shares during the last quarter. Hedge funds and other institutional investors own 34.59% of the company’s stock.

Wall Street Analysts Forecast Growth

AESI has been the topic of a number of recent research reports. The Goldman Sachs Group cut Atlas Energy Solutions from a “buy” rating to a “neutral” rating and decreased their target price for the stock from $23.00 to $21.00 in a report on Thursday, November 7th. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $25.00 price objective on shares of Atlas Energy Solutions in a research note on Wednesday, October 30th. Citigroup downgraded Atlas Energy Solutions from a “buy” rating to a “neutral” rating and cut their price objective for the company from $23.00 to $22.00 in a research note on Thursday, November 14th. Stephens reissued an “overweight” rating and issued a $28.00 target price on shares of Atlas Energy Solutions in a report on Tuesday, August 6th. Finally, Benchmark reaffirmed a “buy” rating and set a $27.00 price target on shares of Atlas Energy Solutions in a report on Tuesday, August 6th. Four research analysts have rated the stock with a hold rating, six have given a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat.com, Atlas Energy Solutions has a consensus rating of “Moderate Buy” and an average target price of $24.44.

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.