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

Atlas Energy Solutions Inc. (NYSE:AESI) major shareholder Brian Anthony Leveille sold 5,000 shares of the company’s stock in a transaction on Thursday, January 2nd. The shares were sold at an average price of $23.00, for a total transaction of $115,000.00. Following the sale, the insider now owns 404,510 shares of the company’s stock, valued at $9,303,730. This represents a 1.22 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Large shareholders that own 10% or more 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 Monday, December 16th, Brian Anthony Leveille sold 5,000 shares of Atlas Energy Solutions stock. The shares were 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 stock was 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 shares were 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 stock was 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 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 value of $210,200.00.
• On Monday, October 14th, Brian Anthony Leveille sold 10,000 shares of Atlas Energy Solutions stock. The stock was sold at an average price of $20.50, for a total transaction of $205,000.00.

Atlas Energy Solutions Stock Performance

Shares of AESI traded down $0.78 during mid-day trading on Monday, hitting $22.20. 729,955 shares of the company traded hands, compared to its average volume of 538,718. The stock has a market cap of $2.45 billion, a price-to-earnings ratio of 28.10, a P/E/G ratio of 11.53 and a beta of 1.03. The stock has a 50-day moving average price of $21.93 and a two-hundred day moving average price of $21.09. Atlas Energy Solutions Inc. has a 1 year low of $15.55 and a 1 year high of $24.93. The company has a debt-to-equity ratio of 0.42, a quick ratio of 1.08 and a current ratio of 1.23.

Atlas Energy Solutions (NYSE:AESI) last announced its earnings results on Monday, October 28th. The company reported $0.04 earnings per share for the quarter, missing analysts’ consensus estimates 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%. Atlas Energy Solutions’s quarterly revenue was up 93.1% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.51 earnings per share. Equities analysts anticipate that Atlas Energy Solutions Inc. will post 0.88 earnings per share for the current year.

Atlas Energy Solutions Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, November 14th. Stockholders of record on Thursday, November 7th were paid a $0.24 dividend. This represents a $0.96 annualized dividend and a dividend yield of 4.32%. The ex-dividend date was Thursday, November 7th. This is a boost from Atlas Energy Solutions’s previous quarterly dividend of $0.23. Atlas Energy Solutions’s dividend payout ratio is 121.52%.

Hedge Funds Weigh In On Atlas Energy Solutions

A number of institutional investors and hedge funds have recently made changes to their positions in AESI. Bank of New York Mellon Corp boosted its stake in shares of Atlas Energy Solutions by 58.5% during the 2nd quarter. Bank of New York Mellon Corp now owns 530,197 shares of the company’s stock worth $10,567,000 after acquiring an additional 195,772 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank bought a new position in Atlas Energy Solutions in the 2nd quarter worth $74,000. Rhumbline Advisers lifted its position in Atlas Energy Solutions by 230.1% during the second quarter. Rhumbline Advisers now owns 84,612 shares of the company’s stock valued at $1,686,000 after purchasing an additional 58,981 shares in the last quarter. Victory Capital Management Inc. grew its holdings in Atlas Energy Solutions by 13.9% during the second quarter. Victory Capital Management Inc. now owns 1,622,241 shares of the company’s stock valued at $32,331,000 after purchasing an additional 197,783 shares during the period. Finally, Arizona State Retirement System purchased a new stake in Atlas Energy Solutions in the second quarter worth about $215,000. Hedge funds and other institutional investors own 34.59% of the company’s stock.

Wall Street Analyst Weigh In

AESI has been the topic of several research reports. Barclays lowered shares of Atlas Energy Solutions from an “overweight” rating to an “equal weight” rating and dropped their price objective for the stock from $23.00 to $19.00 in a research note on Tuesday, November 12th. Pickering Energy Partners downgraded Atlas Energy Solutions from an “outperform” rating to a “neutral” rating in a research note on Wednesday, October 30th. Royal Bank of Canada reaffirmed an “outperform” rating and set a $25.00 price objective on shares of Atlas Energy Solutions in a research report on Wednesday, October 30th. Citigroup downgraded Atlas Energy Solutions from a “buy” rating to a “neutral” rating and dropped their target price for the stock from $23.00 to $22.00 in a report on Thursday, November 14th. Finally, The Goldman Sachs Group began coverage on Atlas Energy Solutions in a report on Friday, December 13th. They set a “neutral” rating and a $23.00 price target for the company. Four research analysts have rated the stock with a hold rating, six have given a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company currently 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.