Victory Capital Management Inc. Sells 139,381 Shares of Atlas Energy Solutions Inc. $AESI

Key Points

• Victory Capital Management cut its stake in Atlas Energy Solutions by 11.4% in Q3, selling 139,381 shares and now owning 1,078,706 shares (about 0.87% of the company) worth roughly $12.3 million per its SEC filing.
• Insider selling has been notable recently, with insiders disposing of 238,912 shares (~$2.84 million) in the last 90 days — including Gregory M. Shepard’s 130,000-share sale and Chris Scholla’s 8,912-share sale.
• Analysts are mixed: the stock has an average rating of Hold with an average target of $11.20, while AESI trades near $13.20 (52-week range $7.64–$19.00) and carries a $1.64 billion market cap.

Victory Capital Management Inc. cut its holdings in shares of Atlas Energy Solutions Inc. (NYSE:AESI - Free Report) by 11.4% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,078,706 shares of the company's stock after selling 139,381 shares during the quarter. Victory Capital Management Inc. owned approximately 0.87% of Atlas Energy Solutions worth $12,265,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in the business. EverSource Wealth Advisors LLC bought a new position in shares of Atlas Energy Solutions in the second quarter worth about $25,000. Centerpoint Advisors LLC lifted its holdings in Atlas Energy Solutions by 270.6% in the 3rd quarter. Centerpoint Advisors LLC now owns 2,850 shares of the company's stock worth $32,000 after purchasing an additional 2,081 shares in the last quarter. BNP Paribas Financial Markets boosted its stake in Atlas Energy Solutions by 43.4% in the 2nd quarter. BNP Paribas Financial Markets now owns 7,823 shares of the company's stock worth $105,000 after purchasing an additional 2,369 shares during the period. Tower Research Capital LLC TRC boosted its stake in Atlas Energy Solutions by 34.8% in the 2nd quarter. Tower Research Capital LLC TRC now owns 8,954 shares of the company's stock worth $120,000 after purchasing an additional 2,314 shares during the period. Finally, Schnieders Capital Management LLC. purchased a new stake in Atlas Energy Solutions during the 2nd quarter valued at approximately $134,000. 34.59% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on the stock. Zacks Research raised shares of Atlas Energy Solutions from a "strong sell" rating to a "hold" rating in a report on Monday, January 26th. Stifel Nicolaus set a $13.00 price target on shares of Atlas Energy Solutions in a report on Tuesday, February 24th. The Goldman Sachs Group boosted their price target on shares of Atlas Energy Solutions from $8.00 to $9.00 and gave the stock a "sell" rating in a research note on Wednesday, March 4th. Piper Sandler reduced their target price on Atlas Energy Solutions from $12.00 to $10.00 and set a "neutral" rating on the stock in a report on Monday, November 17th. Finally, Citigroup dropped their price target on Atlas Energy Solutions from $11.00 to $10.40 and set a "neutral" rating for the company in a research note on Tuesday, December 23rd. Three investment analysts have rated the stock with a Buy rating, three have issued a Hold rating and three have assigned a Sell rating to the company's stock. According to MarketBeat.com, Atlas Energy Solutions presently has an average rating of "Hold" and an average target price of $11.20.

Atlas Energy Solutions Price Performance

AESI stock opened at $13.20 on Thursday. Atlas Energy Solutions Inc. has a 52 week low of $7.64 and a 52 week high of $19.00. The firm has a market capitalization of $1.64 billion, a P/E ratio of -33.01 and a beta of 1.31. The company has a fifty day simple moving average of $11.14 and a two-hundred day simple moving average of $10.67. The company has a quick ratio of 1.16, a current ratio of 1.46 and a debt-to-equity ratio of 0.47.

Insider Activity

In other Atlas Energy Solutions news, major shareholder Chris Scholla sold 8,912 shares of the business's stock in a transaction that occurred on Friday, March 6th. The stock was sold at an average price of $11.79, for a total transaction of $105,072.48. Following the sale, the insider directly owned 567,972 shares of the company's stock, valued at $6,696,389.88. The trade was a 1.54% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Gregory M. Shepard sold 130,000 shares of the company's stock in a transaction that occurred on Wednesday, February 18th. The shares were sold at an average price of $11.98, for a total value of $1,557,400.00. Following the sale, the insider owned 7,421,210 shares in the company, valued at approximately $88,906,095.80. This trade represents a 1.72% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 238,912 shares of company stock worth $2,837,472 over the last 90 days. Corporate insiders own 15.98% of the company's stock.

About Atlas Energy Solutions

Atlas Energy Solutions NYSE: AESI is an independent energy infrastructure company specializing in the development and operation of low-carbon and renewable natural gas (RNG) projects alongside complementary clean energy offerings. Through its diversified platform, the company seeks to deliver decarbonization solutions across heavy-duty transportation and industrial markets, leveraging technologies that reduce greenhouse gas emissions while providing reliable fuel and energy services.

The company’s core business activities encompass four primary segments.

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