Mammoth Energy Services, Inc. (NASDAQ:TUSK) Stock Holdings Increased by Russell Investments Group Ltd.

Russell Investments Group Ltd. increased its holdings in Mammoth Energy Services, Inc. (NASDAQ:TUSK – Get Rating) by 2.5% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 165,373 shares of the energy company’s stock after purchasing an additional 4,059 shares during the quarter. Russell Investments Group Ltd.’s holdings in Mammoth Energy Services were worth $1,430,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in the company. Archer Investment Corp raised its holdings in shares of Mammoth Energy Services by 83.3% during the fourth quarter. Archer Investment Corp now owns 11,000 shares of the energy company’s stock valued at $95,000 after acquiring an additional 5,000 shares during the period. Two Sigma Advisers LP grew its position in Mammoth Energy Services by 5.5% during the third quarter. Two Sigma Advisers LP now owns 250,400 shares of the energy company’s stock valued at $854,000 after purchasing an additional 13,100 shares in the last quarter. Los Angeles Capital Management LLC purchased a new position in Mammoth Energy Services during the fourth quarter valued at approximately $115,000. LPL Financial LLC purchased a new position in Mammoth Energy Services during the second quarter valued at approximately $30,000. Finally, Jump Financial LLC purchased a new position in Mammoth Energy Services during the third quarter valued at approximately $56,000. Institutional investors and hedge funds own 78.13% of the company’s stock.

Mammoth Energy Services Stock Down 2.0 %

TUSK stock opened at $4.00 on Wednesday. The company has a market capitalization of $190.84 million, a price-to-earnings ratio of 8.51 and a beta of 1.75. Mammoth Energy Services, Inc. has a 12 month low of $2.00 and a 12 month high of $8.79. The firm has a 50 day moving average of $4.12 and a two-hundred day moving average of $5.62.

Mammoth Energy Services (NASDAQ:TUSK – Get Rating) last posted its earnings results on Thursday, April 27th. The energy company reported $0.17 EPS for the quarter. The company had revenue of $116.32 million during the quarter. Mammoth Energy Services had a net margin of 5.42% and a return on equity of 4.90%.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on TUSK. EF Hutton Acquisition Co. I began coverage on shares of Mammoth Energy Services in a research report on Thursday, April 20th. They set a “buy” rating and a $7.00 price objective on the stock. StockNews.com downgraded shares of Mammoth Energy Services from a “buy” rating to a “hold” rating in a research report on Saturday.

Mammoth Energy Services Company Profile

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Mammoth Energy Services, Inc engages in the exploration and development of North American onshore unconventional oil and natural gas reserves. It operates through the following segments: Infrastructure, Pressure Pumping, Natural Sand Proppant, Drilling, and Other. The Infrastructure segment offers construction, upgrade, maintenance and, repair services to the electrical infrastructure industry.