Mammoth Energy Services, Inc. (NASDAQ:TUSK) Shares Sold by Jane Street Group LLC

Jane Street Group LLC cut its stake in shares of Mammoth Energy Services, Inc. (NASDAQ:TUSK) by 50.0% during the 3rd quarter, HoldingsChannel.com reports. The fund owned 18,544 shares of the energy company’s stock after selling 18,554 shares during the period. Jane Street Group LLC’s holdings in Mammoth Energy Services were worth $76,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of TUSK. Royce & Associates LP raised its stake in shares of Mammoth Energy Services by 15.2% during the third quarter. Royce & Associates LP now owns 1,351,224 shares of the energy company’s stock valued at $5,527,000 after purchasing an additional 178,240 shares during the period. Dimensional Fund Advisors LP grew its holdings in Mammoth Energy Services by 14.0% during the 2nd 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 in the last quarter. State Street Corp increased its stake in Mammoth Energy Services by 1.4% during the 3rd quarter. State Street Corp now owns 403,688 shares of the energy company’s stock worth $1,651,000 after buying an additional 5,400 shares during the period. Bank of New York Mellon Corp lifted its holdings in Mammoth Energy Services by 6.9% in the 2nd 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. Finally, Empowered Funds LLC boosted its position in Mammoth Energy Services by 5.3% in the 3rd quarter. Empowered Funds LLC now owns 83,157 shares of the energy company’s stock valued at $340,000 after buying an additional 4,154 shares during the last quarter. Hedge funds and other institutional investors own 79.67% of the company’s stock.

Insiders Place Their Bets

In related news, Director Corey J. Booker sold 10,000 shares of the business’s stock in a transaction dated Friday, November 22nd. The shares were sold at an average price of $3.43, for a total transaction of $34,300.00. Following the completion of the sale, the director now owns 140,488 shares of the company’s stock, valued at $481,873.84. This represents a 6.65 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Over the last three months, insiders have sold 33,659 shares of company stock valued at $115,657. Company insiders own 3.44% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, StockNews.com raised Mammoth Energy Services from a “sell” rating to a “hold” rating in a research report on Friday, December 27th.

Mammoth Energy Services Stock Up 7.9 %

Shares of NASDAQ:TUSK opened at $3.28 on Thursday. The company has a fifty day simple moving average of $3.15 and a 200 day simple moving average of $3.61. The firm has a market cap of $157.86 million, a PE ratio of -0.80 and a beta of 1.61. Mammoth Energy Services, Inc. has a 12-month low of $2.50 and a 12-month high of $4.94. The company has a current ratio of 2.25, a quick ratio of 2.13 and a debt-to-equity ratio of 0.18.

Mammoth Energy Services (NASDAQ:TUSK) last posted its quarterly earnings results on Friday, November 1st. The energy company reported ($0.50) EPS for the quarter, missing analysts’ consensus estimates of ($0.01) by ($0.49). The firm 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 last year, the business earned ($0.02) EPS.

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.