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

Jane Street Group LLC lowered its position in Mammoth Energy Services, Inc. (NASDAQ:TUSK) by 50.0% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 18,544 shares of the energy company’s stock after selling 18,554 shares during the quarter. Jane Street Group LLC’s holdings in Mammoth Energy Services were worth $76,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Wellington Management Group LLP purchased a new position in Mammoth Energy Services during the 3rd quarter valued at about $197,000. State Street Corp grew its position in shares of Mammoth Energy Services by 1.4% in the third quarter. State Street Corp now owns 403,688 shares of the energy company’s stock valued at $1,651,000 after purchasing an additional 5,400 shares during the last quarter. FMR LLC grew its position in shares of Mammoth Energy Services by 32.7% in the third quarter. FMR LLC now owns 10,967 shares of the energy company’s stock valued at $45,000 after purchasing an additional 2,705 shares during the last quarter. Empowered Funds LLC increased its stake in shares of Mammoth Energy Services by 5.3% during the 3rd quarter. Empowered Funds LLC now owns 83,157 shares of the energy company’s stock worth $340,000 after purchasing an additional 4,154 shares in the last quarter. Finally, Royce & Associates LP raised its position in shares of Mammoth Energy Services by 15.2% during the 3rd quarter. Royce & Associates LP now owns 1,351,224 shares of the energy company’s stock worth $5,527,000 after purchasing an additional 178,240 shares during the last quarter. Institutional investors and hedge funds own 79.67% of the company’s stock.

Mammoth Energy Services Stock Up 7.9 %

TUSK opened at $3.28 on Thursday. The firm has a market cap of $157.86 million, a P/E ratio of -0.80 and a beta of 1.61. The business’s fifty day simple moving average is $3.15 and its 200 day simple moving average is $3.61. Mammoth Energy Services, Inc. has a 52 week low of $2.50 and a 52 week high of $4.94. The company has a quick ratio of 2.13, a current ratio of 2.25 and a debt-to-equity ratio of 0.18.

Mammoth Energy Services (NASDAQ:TUSK) last released its quarterly earnings results on Friday, November 1st. The energy company reported ($0.50) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.01) by ($0.49). The firm had revenue of $40.02 million for 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 quarter in the prior year, the company earned ($0.02) earnings per share.

Analyst Ratings Changes

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

Insider Buying and Selling

In other news, Director Corey J. Booker sold 15,000 shares of the company’s stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $3.47, for a total transaction of $52,050.00. Following the completion of the transaction, the director now owns 125,488 shares of the company’s stock, valued at $435,443.36. This represents a 10.68 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Over the last ninety days, insiders have sold 33,659 shares of company stock worth $115,657. 3.44% of the stock is owned by company insiders.

Mammoth Energy Services 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.