Atlas Technical Consultants, Inc. (NASDAQ:ATCX) Director Brian K. Ferraioli Buys 4,911 Shares

Atlas Technical Consultants, Inc. (NASDAQ:ATCX) Director Brian K. Ferraioli purchased 4,911 shares of the stock in a transaction dated Monday, November 22nd. The stock was purchased at an average price of $10.00 per share, for a total transaction of $49,110.00. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Brian K. Ferraioli also recently made the following trade(s):

  • On Monday, September 13th, Brian K. Ferraioli bought 5,000 shares of Atlas Technical Consultants stock. The shares were purchased at an average cost of $9.65 per share, with a total value of $48,250.00.

Shares of ATCX opened at $9.99 on Thursday. Atlas Technical Consultants, Inc. has a 52-week low of $4.95 and a 52-week high of $15.40. The business’s fifty day simple moving average is $10.24. The firm has a market cap of $369.26 million, a PE ratio of -8.06 and a beta of 0.34.

Atlas Technical Consultants (NASDAQ:ATCX) last announced its earnings results on Monday, November 15th. The company reported ($0.07) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.07 by ($0.14). Atlas Technical Consultants had a negative return on equity of 18.44% and a negative net margin of 1.45%. The business had revenue of $138.72 million for the quarter, compared to analyst estimates of $134.60 million. During the same period last year, the firm earned ($0.16) EPS. As a group, sell-side analysts expect that Atlas Technical Consultants, Inc. will post 0.4 EPS for the current fiscal year.

ATCX has been the subject of several recent analyst reports. Lake Street Capital boosted their price target on shares of Atlas Technical Consultants from $15.00 to $18.00 and gave the stock a “buy” rating in a report on Tuesday, August 17th. Johnson Rice initiated coverage on shares of Atlas Technical Consultants in a report on Tuesday, September 21st. They issued a “buy” rating and a $13.00 price target for the company. Finally, Zacks Investment Research lowered shares of Atlas Technical Consultants from a “hold” rating to a “sell” rating in a report on Wednesday.

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Citadel Advisors LLC boosted its stake in Atlas Technical Consultants by 13.1% during the 1st quarter. Citadel Advisors LLC now owns 12,636 shares of the company’s stock worth $129,000 after purchasing an additional 1,467 shares during the last quarter. Wells Fargo & Company MN boosted its position in shares of Atlas Technical Consultants by 35.6% during the 2nd quarter. Wells Fargo & Company MN now owns 5,774 shares of the company’s stock valued at $56,000 after acquiring an additional 1,517 shares during the last quarter. Royal Bank of Canada boosted its position in shares of Atlas Technical Consultants by 167.2% during the 3rd quarter. Royal Bank of Canada now owns 2,464 shares of the company’s stock valued at $25,000 after acquiring an additional 1,542 shares during the last quarter. Northern Trust Corp boosted its position in shares of Atlas Technical Consultants by 17.0% during the 1st quarter. Northern Trust Corp now owns 13,455 shares of the company’s stock valued at $137,000 after acquiring an additional 1,957 shares during the last quarter. Finally, Commonwealth Equity Services LLC boosted its position in shares of Atlas Technical Consultants by 4.7% during the 3rd quarter. Commonwealth Equity Services LLC now owns 78,495 shares of the company’s stock valued at $798,000 after acquiring an additional 3,495 shares during the last quarter. 22.75% of the stock is currently owned by institutional investors.

About Atlas Technical Consultants

Atlas Technical Consultants, Inc provides professional testing, inspection, engineering, environmental, and program management and consulting services in the United States. The company provides a range of technical services, helping its clients test, inspect, plan, design, certify, and manage various projects across various end markets.

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