Acadian Asset Management LLC Cuts Position in Mammoth Energy Services, Inc. (NASDAQ:TUSK)

Acadian Asset Management LLC trimmed its position in shares of Mammoth Energy Services, Inc. (NASDAQ:TUSK) by 73.9% during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 54,357 shares of the energy company’s stock after selling 153,604 shares during the period. Acadian Asset Management LLC owned approximately 0.11% of Mammoth Energy Services worth $177,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of TUSK. BNP Paribas Financial Markets raised its holdings in shares of 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 buying an additional 4,035 shares during the period. Empowered Funds LLC grew its position in Mammoth Energy Services by 8.0% in the 1st quarter. Empowered Funds LLC now owns 73,423 shares of the energy company’s stock valued at $267,000 after acquiring an additional 5,425 shares in the last quarter. Bank of New York Mellon Corp increased its stake in 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 purchasing an additional 10,796 shares during the period. Finally, Vanguard Group Inc. lifted its position in shares of Mammoth Energy Services by 2.5% during the first 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 in the last quarter. 79.67% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Separately, StockNews.com cut shares of Mammoth Energy Services from a “hold” rating to a “sell” rating in a report on Thursday, September 5th.

Mammoth Energy Services Stock Up 2.6 %

Mammoth Energy Services stock opened at $3.93 on Friday. The firm has a market capitalization of $189.15 million, a P/E ratio of -8.19 and a beta of 1.67. The company has a current ratio of 2.57, a quick ratio of 2.45 and a debt-to-equity ratio of 0.16. Mammoth Energy Services, Inc. has a twelve month low of $2.50 and a twelve month high of $4.95. The stock’s fifty day simple moving average is $3.73 and its 200-day simple moving average is $3.54.

Mammoth Energy Services (NASDAQ:TUSK) last issued its quarterly earnings results on Friday, August 9th. The energy company reported ($3.25) earnings per share for the quarter. The company had revenue of $51.53 million for the quarter. Mammoth Energy Services had a negative return on equity of 41.54% and a negative net margin of 82.30%.

About Mammoth Energy Services

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.