Royce & Associates LP Boosts Stock Holdings in Mammoth Energy Services, Inc. (NASDAQ:TUSK)

Royce & Associates LP raised its position in shares of Mammoth Energy Services, Inc. (NASDAQ:TUSK) by 15.2% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,351,224 shares of the energy company’s stock after acquiring an additional 178,240 shares during the quarter. Royce & Associates LP’s holdings in Mammoth Energy Services were worth $5,527,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. BNP Paribas Financial Markets raised its stake in Mammoth Energy Services by 55.8% in the 1st quarter. BNP Paribas Financial Markets now owns 11,265 shares of the energy company’s stock valued at $41,000 after purchasing an additional 4,035 shares during the last quarter. Vanguard Group Inc. boosted its stake in Mammoth Energy Services by 2.5% during the 1st quarter. Vanguard Group Inc. now owns 723,772 shares of the energy company’s stock worth $2,635,000 after purchasing an additional 17,369 shares during the last quarter. Bank of New York Mellon Corp grew its holdings in shares of Mammoth Energy Services by 6.9% during the second quarter. Bank of New York Mellon Corp now owns 166,591 shares of the energy company’s stock worth $546,000 after buying an additional 10,796 shares in the last quarter. Dimensional Fund Advisors LP raised its position in shares of Mammoth Energy Services by 14.0% in the second quarter. Dimensional Fund Advisors LP now owns 806,280 shares of the energy company’s stock valued at $2,645,000 after buying an additional 99,093 shares during the last quarter. Finally, SG Americas Securities LLC purchased a new position in shares of Mammoth Energy Services in the third quarter worth about $42,000. Hedge funds and other institutional investors own 79.67% of the company’s stock.

Mammoth Energy Services Stock Performance

Shares of Mammoth Energy Services stock opened at $3.25 on Tuesday. The business’s 50 day moving average price is $4.07 and its 200 day moving average price is $3.72. The company has a market cap of $156.41 million, a price-to-earnings ratio of -0.79 and a beta of 1.69. The company has a debt-to-equity ratio of 0.18, a quick ratio of 2.13 and a current ratio of 2.25. Mammoth Energy Services, Inc. has a one year low of $2.50 and a one year high of $4.95.

Mammoth Energy Services (NASDAQ:TUSK) last issued its earnings results on Friday, November 1st. The energy company reported ($0.50) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.01) by ($0.49). The company had revenue of $40.02 million during the quarter. Mammoth Energy Services had a negative return on equity of 53.85% and a negative net margin of 105.49%. During the same period in the previous year, the business earned ($0.02) earnings per share.

Wall Street Analyst Weigh In

Separately, StockNews.com raised shares of Mammoth Energy Services from a “sell” rating to a “hold” rating in a research note on Monday, November 4th.

Mammoth Energy Services Company Profile

Mammoth Energy Services, Inc operates as an energy services company in the United States, Canada, and internationally. The company operates in four segments: Well Completion Services, Infrastructure Services, Natural Sand Proppant Services, and Drilling Services. The company offers pressure pumping and hydraulic fracturing, sand hauling, and water transfer services; and master services agreements.