Atlas Energy Solutions Inc. (NYSE:AESI) Major Shareholder Brian Anthony Leveille Sells 5,000 Shares

Atlas Energy Solutions Inc. (NYSE:AESI) major shareholder Brian Anthony Leveille sold 5,000 shares of Atlas Energy Solutions stock in a transaction that occurred on Monday, December 16th. The shares were sold at an average price of $23.17, for a total transaction of $115,850.00. Following the completion of the transaction, the insider now directly owns 409,510 shares in the company, valued at $9,488,346.70. This trade represents a 1.21 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Large 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 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 value 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 value 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 value of $215,000.00.
• On Monday, November 18th, Brian Anthony Leveille sold 10,000 shares of Atlas Energy Solutions stock. The stock was 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 shares were 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 shares were 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 Stock Down 1.8 %

Shares of NYSE AESI traded down $0.41 during trading on Tuesday, hitting $22.60. The stock had a trading volume of 215,330 shares, compared to its average volume of 960,516. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.23 and a quick ratio of 1.08. The firm has a fifty day moving average of $21.43 and a two-hundred day moving average of $20.99. Atlas Energy Solutions Inc. has a 12 month low of $15.55 and a 12 month high of $24.93. The company has a market capitalization of $2.49 billion, a PE ratio of 29.13, a PEG ratio of 11.53 and a beta of 0.96.

Atlas Energy Solutions (NYSE:AESI) last posted its earnings results on Monday, October 28th. The company reported $0.04 EPS for the quarter, missing the consensus estimate of $0.29 by ($0.25). The firm had revenue of $304.40 million for the quarter, compared to the consensus estimate of $307.93 million. Atlas Energy Solutions had a return on equity of 11.01% and a net margin of 8.78%. Atlas Energy Solutions’s quarterly revenue was up 93.1% compared to the same quarter last year. During the same period in the prior year, the business earned $0.51 EPS. As a group, equities research analysts forecast that Atlas Energy Solutions Inc. will post 0.88 EPS for the current fiscal year.

Atlas Energy Solutions Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, November 14th. Investors of record on Thursday, November 7th were given a dividend of $0.24 per share. The ex-dividend date of this dividend was Thursday, November 7th. This represents a $0.96 annualized dividend and a yield of 4.25%. This is a positive change from Atlas Energy Solutions’s previous quarterly dividend of $0.23. Atlas Energy Solutions’s dividend payout ratio is presently 121.52%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Charles Schwab Investment Management Inc. grew its position in shares of Atlas Energy Solutions by 5.3% in the third quarter. Charles Schwab Investment Management Inc. now owns 518,569 shares of the company’s stock valued at $11,305,000 after purchasing an additional 25,999 shares in the last quarter. Ashford Capital Management Inc. grew its holdings in Atlas Energy Solutions by 27.9% during the 3rd quarter. Ashford Capital Management Inc. now owns 586,000 shares of the company’s stock valued at $12,775,000 after buying an additional 127,910 shares in the last quarter. Principal Financial Group Inc. bought a new stake in shares of Atlas Energy Solutions during the third quarter valued at about $844,000. KEMPER Corp purchased a new stake in shares of Atlas Energy Solutions in the second quarter worth about $776,000. Finally, Copeland Capital Management LLC lifted its holdings in shares of Atlas Energy Solutions by 19.8% in the third quarter. Copeland Capital Management LLC now owns 1,884,032 shares of the company’s stock worth $41,072,000 after buying an additional 311,228 shares in the last quarter. 34.59% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on AESI. Pickering Energy Partners downgraded shares of Atlas Energy Solutions from an “outperform” rating to a “neutral” rating in a report on Wednesday, October 30th. Barclays lowered shares of Atlas Energy Solutions from an “overweight” rating to an “equal weight” rating and cut their price target for the stock from $23.00 to $19.00 in a report on Tuesday, November 12th. The Goldman Sachs Group started coverage on Atlas Energy Solutions in a research report on Friday. They set a “neutral” rating and a $23.00 target price for the company. Royal Bank of Canada reiterated an “outperform” rating and issued a $25.00 price target on shares of Atlas Energy Solutions in a research report on Wednesday, October 30th. Finally, Citigroup downgraded Atlas Energy Solutions from a “buy” rating to a “neutral” rating and lowered their price objective for the stock from $23.00 to $22.00 in a research report on Thursday, November 14th. Four investment analysts have rated the stock with a hold rating, six have assigned a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $24.67.

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.