Mammoth Energy Services, Inc. (NASDAQ:TUSK) Holdings Decreased by Acadian Asset Management LLC

Acadian Asset Management LLC lowered its holdings in shares of Mammoth Energy Services, Inc. (NASDAQ:TUSK - Free Report) by 73.9% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). 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 have also recently added to or reduced their stakes in TUSK. Bank of New York Mellon Corp raised its stake in shares of 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. Vanguard Group Inc. raised its stake in shares of Mammoth Energy Services by 2.5% in the 1st quarter. Vanguard Group Inc. now owns 723,772 shares of the energy company's stock worth $2,635,000 after buying an additional 17,369 shares in the last quarter. Empowered Funds LLC raised its stake in shares of 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 buying an additional 5,425 shares in the last quarter. Finally, BNP Paribas Financial Markets raised its stake 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 worth $41,000 after buying an additional 4,035 shares in the last quarter. Institutional investors own 79.67% of the company's stock.

Analysts Set New Price Targets

Separately, StockNews.com downgraded Mammoth Energy Services from a "hold" rating to a "sell" rating in a research note on Thursday, September 5th.

Mammoth Energy Services Trading Up 2.6 %

Shares of Mammoth Energy Services stock traded up $0.10 on Friday, reaching $3.93. 257,387 shares of the company were exchanged, compared to its average volume of 110,990. The stock has a fifty day moving average price of $3.73 and a 200-day moving average price of $3.54. The firm has a market capitalization of $189.15 million, a price-to-earnings 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 fifty-two week low of $2.50 and a fifty-two week high of $4.95.

Mammoth Energy Services (NASDAQ:TUSK - Get Free Report) last announced its earnings results on Friday, August 9th. The energy company reported ($3.25) earnings per share (EPS) 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%.

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.