Archer Investment Corp Cuts Holdings in Mammoth Energy Services, Inc. (NASDAQ:TUSK)

Archer Investment Corp decreased its stake in Mammoth Energy Services, Inc. (NASDAQ:TUSK) by 42.1% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 12,400 shares of the energy company’s stock after selling 9,000 shares during the period. Archer Investment Corp’s holdings in Mammoth Energy Services were worth $51,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of the company. Empowered Funds LLC raised its stake in Mammoth Energy Services by 5.3% during 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 during the period. Royce & Associates LP lifted its holdings 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 valued at $5,527,000 after acquiring an additional 178,240 shares in the last quarter. SG Americas Securities LLC purchased a new stake in Mammoth Energy Services during the 3rd quarter worth $42,000. Dimensional Fund Advisors LP increased its holdings 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 valued at $2,645,000 after purchasing an additional 99,093 shares in the last quarter. Finally, Bank of New York Mellon Corp raised its holdings in shares of 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 buying an additional 10,796 shares during the period. 79.67% of the stock is owned by hedge funds and other institutional investors.

Mammoth Energy Services Trading Down 7.8 %

NASDAQ:TUSK opened at $3.18 on Friday. Mammoth Energy Services, Inc. has a one year low of $2.50 and a one year high of $4.95. The business’s 50-day simple moving average is $4.07 and its 200 day simple moving average is $3.71. The company has a debt-to-equity ratio of 0.18, a quick ratio of 2.13 and a current ratio of 2.25. The stock has a market cap of $153.05 million, a price-to-earnings ratio of -0.77 and a beta of 1.69.

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

Analyst Ratings Changes

Separately, StockNews.com upgraded shares of Mammoth Energy Services from a “sell” rating to a “hold” rating in a research note on Monday, November 4th.

About Mammoth Energy Services

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.