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

Atlas Energy Solutions Inc. (NYSE:AESI) major shareholder Brian Anthony Leveille sold 12,500 shares of the company’s stock in a transaction dated Monday, January 27th. The stock was sold at an average price of $24.46, for a total transaction of $305,750.00. Following the transaction, the insider now owns 362,010 shares of the company’s stock, valued at approximately $8,854,764.60. This trade represents a 3.34 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Major shareholders that own more than 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 stock was 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 shares were 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 stock was 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 transaction 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 stock was 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 value of $427,800.00.

Atlas Energy Solutions Trading Up 0.1 %

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

Atlas Energy Solutions (NYSE:AESI) last announced its earnings results on Monday, October 28th. The company reported $0.04 EPS for the quarter, missing analysts’ consensus estimates of $0.29 by ($0.25). The firm 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% compared to the same quarter last year. During the same quarter last year, the business earned $0.51 earnings per share. On average, equities analysts expect that Atlas Energy Solutions Inc. will post 0.84 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on AESI. 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 note on Tuesday. Benchmark lifted their target price on shares of Atlas Energy Solutions from $23.00 to $28.00 and gave the stock a “buy” rating in a research note on Wednesday. Bank of America reissued a “neutral” rating and issued a $22.50 price target on shares of Atlas Energy Solutions in a research note on Monday, January 13th. Raymond James lowered shares of Atlas Energy Solutions from a “strong-buy” rating to a “hold” rating in a research report on Monday, January 6th. Finally, Barclays increased their price objective on Atlas Energy Solutions from $19.00 to $23.00 and gave the stock an “equal weight” rating in a research report on Thursday. Six research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $25.50.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the business. Rhumbline Advisers increased its stake in Atlas Energy Solutions by 93.6% during the 4th quarter. Rhumbline Advisers now owns 170,409 shares of the company’s stock worth $3,780,000 after buying an additional 82,377 shares during the period. New York State Teachers Retirement System acquired a new position in shares of Atlas Energy Solutions in the fourth quarter worth $287,000. Louisiana State Employees Retirement System purchased a new stake in shares of Atlas Energy Solutions during the fourth quarter worth $650,000. Wilmington Savings Fund Society FSB raised its stake in shares of Atlas Energy Solutions by 8.0% in the fourth quarter. Wilmington Savings Fund Society FSB now owns 14,770 shares of the company’s stock valued at $328,000 after acquiring an additional 1,100 shares in the last quarter. Finally, Vest Financial LLC boosted its holdings in Atlas Energy Solutions by 75.0% in the fourth quarter. Vest Financial LLC now owns 114,764 shares of the company’s stock valued at $2,545,000 after purchasing an additional 49,186 shares during the period. Hedge funds and other institutional investors own 34.59% of the company’s stock.

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.