Stacy Hock Sells 10,000 Shares of Atlas Energy Solutions Inc. (NYSE:AESI) Stock

Atlas Energy Solutions Inc. (NYSE:AESI) major shareholder Stacy Hock sold 10,000 shares of the firm’s stock in a transaction that occurred on Monday, February 3rd. The stock was sold at an average price of $22.50, for a total value of $225,000.00. Following the transaction, the insider now owns 897,604 shares in the company, valued at approximately $20,196,090. The trade was a 1.10 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, 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 value of $219,600.00.
• On Wednesday, December 18th, Stacy Hock sold 8,571 shares of Atlas Energy Solutions stock. The stock was 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 transaction of $181,019.52.

Atlas Energy Solutions Stock Performance

Shares of AESI stock opened at $21.68 on Friday. The company’s fifty day moving average price is $22.91 and its 200-day moving average price is $21.56. The stock has a market cap of $2.39 billion, a PE ratio of 27.44, a price-to-earnings-growth ratio of 6.82 and a beta of 1.03. The company has a current ratio of 1.23, a quick ratio of 1.08 and a debt-to-equity ratio of 0.42. Atlas Energy Solutions Inc. has a 12 month low of $16.78 and a 12 month high of $26.86.

Institutional Investors Weigh In On Atlas Energy Solutions

Several hedge funds have recently bought and sold shares of AESI. Stifel Financial Corp increased its holdings in shares of Atlas Energy Solutions by 28.6% during the third quarter. Stifel Financial Corp now owns 126,667 shares of the company’s stock valued at $2,761,000 after acquiring an additional 28,158 shares in the last quarter. Hodges Capital Management Inc. increased its stake in Atlas Energy Solutions by 44.7% during the 4th quarter. Hodges Capital Management Inc. now owns 194,000 shares of the company’s stock valued at $4,302,000 after purchasing an additional 59,940 shares in the last quarter. Charles Schwab Investment Management Inc. raised its holdings in 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 worth $11,305,000 after buying an additional 25,999 shares during the last quarter. Ashford Capital Management Inc. raised its holdings in Atlas Energy Solutions by 27.9% in the third quarter. Ashford Capital Management Inc. now owns 586,000 shares of the company’s stock worth $12,775,000 after buying an additional 127,910 shares during the last quarter. Finally, Principal Financial Group Inc. bought a new position in shares of Atlas Energy Solutions in the third quarter worth approximately $844,000. Institutional investors own 34.59% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have recently commented on AESI. Bank of America reaffirmed a “neutral” rating and set a $22.50 price objective on shares of Atlas Energy Solutions in a research note on Monday, January 13th. Benchmark increased their price objective on Atlas Energy Solutions from $23.00 to $28.00 and gave the stock a “buy” rating in a report on Wednesday, January 29th. Royal Bank of Canada lifted their price objective on Atlas Energy Solutions from $27.00 to $28.00 and gave the stock an “outperform” rating in a research report on Tuesday, January 28th. Pickering Energy Partners downgraded Atlas Energy Solutions from an “outperform” rating to a “neutral” rating in a report on Wednesday, October 30th. Finally, The Goldman Sachs Group initiated coverage on shares of Atlas Energy Solutions in a report on Friday, December 13th. They issued a “neutral” rating and a $23.00 price target on the stock. 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’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $25.50.

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.