XTX Topco Ltd Acquires Shares of 12,964 Mammoth Energy Services, Inc. (NASDAQ:TUSK)

XTX Topco Ltd purchased a new stake in shares of Mammoth Energy Services, Inc. (NASDAQ:TUSK) during the third quarter, Holdings Channel.com reports. The firm purchased 12,964 shares of the energy company’s stock, valued at approximately $53,000.

Several other hedge funds have also made changes to their positions in TUSK. Bank of New York Mellon Corp raised its stake in 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 valued at $546,000 after purchasing an additional 10,796 shares during the period. Dimensional Fund Advisors LP lifted its stake in Mammoth Energy Services by 14.0% in the 2nd quarter. Dimensional Fund Advisors LP now owns 806,280 shares of the energy company’s stock worth $2,645,000 after acquiring an additional 99,093 shares in the last quarter. SG Americas Securities LLC purchased a new position in Mammoth Energy Services during the 3rd quarter valued at about $42,000. Royce & Associates LP increased its holdings in shares of Mammoth Energy Services by 15.2% in the 3rd 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. Finally, Empowered Funds LLC lifted its position in shares of Mammoth Energy Services by 5.3% in the third 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. Hedge funds and other institutional investors own 79.67% of the company’s stock.

Analyst Upgrades and Downgrades

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

Mammoth Energy Services Price Performance

Shares of NASDAQ:TUSK opened at $2.84 on Monday. The business has a fifty day simple moving average of $3.63 and a 200 day simple moving average of $3.67. 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, Inc. has a 1 year low of $2.50 and a 1 year high of $4.94. The firm has a market cap of $136.68 million, a price-to-earnings ratio of -0.69 and a beta of 1.62.

Mammoth Energy Services (NASDAQ:TUSK) last announced 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). Mammoth Energy Services had a negative net margin of 105.49% and a negative return on equity of 53.85%. The firm had revenue of $40.02 million for the quarter. During the same period last year, the company posted ($0.02) EPS.

Insiders Place Their Bets

In other news, Director Corey J. Booker sold 15,000 shares of the company’s stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $3.47, for a total transaction of $52,050.00. Following the completion of the sale, the director now owns 125,488 shares in the company, valued at approximately $435,443.36. This represents a 10.68 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Insiders sold 33,659 shares of company stock valued at $115,657 over the last ninety days. Corporate insiders own 3.44% of the company’s stock.

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.