Mammoth Energy Services, Inc. (NASDAQ:TUSK) Shares Bought by Russell Investments Group Ltd.

Russell Investments Group Ltd. grew its stake in shares of Mammoth Energy Services, Inc. (NASDAQ:TUSK – Get Rating) by 2.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 165,373 shares of the energy company’s stock after acquiring an additional 4,059 shares during the period. Russell Investments Group Ltd. owned about 0.35% of Mammoth Energy Services worth $1,430,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also modified their holdings of the business. Los Angeles Capital Management LLC acquired a new position in shares of Mammoth Energy Services in the 4th quarter valued at about $115,000. Archer Investment Corp boosted its holdings in shares of Mammoth Energy Services by 83.3% in the 4th quarter. Archer Investment Corp now owns 11,000 shares of the energy company’s stock valued at $95,000 after buying an additional 5,000 shares during the period. Monarch Partners Asset Management LLC acquired a new position in shares of Mammoth Energy Services in the 4th quarter valued at about $1,695,000. Ritholtz Wealth Management acquired a new position in shares of Mammoth Energy Services in the 4th quarter valued at about $222,000. Finally, Jane Street Group LLC acquired a new position in shares of Mammoth Energy Services in the 3rd quarter valued at about $133,000. 78.13% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

TUSK has been the subject of several research reports. StockNews.com lowered shares of Mammoth Energy Services from a “buy” rating to a “hold” rating in a report on Saturday. EF Hutton Acquisition Co. I began coverage on shares of Mammoth Energy Services in a research note on Thursday, April 20th. They set a “buy” rating and a $7.00 target price for the company.

Mammoth Energy Services Stock Down 2.0 %

Mammoth Energy Services stock opened at $4.00 on Wednesday. The firm has a 50-day moving average price of $4.12 and a two-hundred day moving average price of $5.62. The firm 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 52-week low of $2.00 and a 52-week high of $8.79.

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

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.