SG Americas Securities LLC Buys Shares of 10,345 Mammoth Energy Services, Inc. (NASDAQ:TUSK)

SG Americas Securities LLC purchased a new position in shares of Mammoth Energy Services, Inc. (NASDAQ:TUSK) in the 3rd quarter, HoldingsChannel.com reports. The firm purchased 10,345 shares of the energy company’s stock, valued at approximately $42,000.

A number of other hedge funds also recently modified their holdings of the stock. Dimensional Fund Advisors LP grew its holdings in Mammoth Energy Services by 14.0% during the second quarter. Dimensional Fund Advisors LP now owns 806,280 shares of the energy company’s stock valued at $2,645,000 after purchasing an additional 99,093 shares during the period. Vanguard Group Inc. lifted its position in shares of Mammoth Energy Services by 2.5% during the 1st quarter. Vanguard Group Inc. now owns 723,772 shares of the energy company’s stock valued at $2,635,000 after buying an additional 17,369 shares during the last quarter. Bank of New York Mellon Corp grew its stake in shares of Mammoth Energy Services by 6.9% during the 2nd quarter. Bank of New York Mellon Corp now owns 166,591 shares of the energy company’s stock worth $546,000 after acquiring an additional 10,796 shares during the period. Empowered Funds LLC increased its holdings 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 worth $267,000 after acquiring an additional 5,425 shares during the last quarter. Finally, 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 acquiring an additional 4,035 shares during the period. Institutional investors own 79.67% of the company’s stock.

Mammoth Energy Services Stock Down 1.8 %

Mammoth Energy Services stock opened at $4.34 on Wednesday. The firm has a 50 day simple moving average of $4.06 and a 200 day simple moving average of $3.67. 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 1-year low of $2.50 and a 1-year high of $4.95. The firm has a market capitalization of $208.87 million, a price-to-earnings ratio of -9.04 and a beta of 1.68.

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

Wall Street Analysts Forecast Growth

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

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.