Brown Advisory Inc. trimmed its holdings in shares of Mammoth Energy Services Inc (NASDAQ:TUSK) by 28.2% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,078 shares of the energy company’s stock after selling 2,386 shares during the period. Brown Advisory Inc.’s holdings in Mammoth Energy Services were worth $206,000 as of its most recent SEC filing.
Other hedge funds have also added to or reduced their stakes in the company. Bowling Portfolio Management LLC acquired a new stake in Mammoth Energy Services during the 2nd quarter valued at $1,841,000. BlackRock Inc. increased its holdings in Mammoth Energy Services by 11.1% during the 1st quarter. BlackRock Inc. now owns 498,090 shares of the energy company’s stock valued at $15,969,000 after purchasing an additional 49,696 shares in the last quarter. Millennium Management LLC increased its holdings in Mammoth Energy Services by 271.5% during the 1st quarter. Millennium Management LLC now owns 553,252 shares of the energy company’s stock valued at $17,737,000 after purchasing an additional 404,318 shares in the last quarter. Pendal Group Ltd acquired a new stake in Mammoth Energy Services during the 2nd quarter valued at $907,000. Finally, Trexquant Investment LP increased its stake in shares of Mammoth Energy Services by 60.3% in the 2nd quarter. Trexquant Investment LP now owns 22,075 shares of the energy company’s stock valued at $750,000 after buying an additional 8,308 shares during the period. 81.22% of the stock is owned by hedge funds and other institutional investors.
In other news, Director Meh Sub Llc sold 266,026 shares of the firm’s stock in a transaction on Monday, July 30th. The stock was sold at an average price of $38.01, for a total value of $10,111,648.26. The transaction was disclosed in a document filed with the SEC, which is available through this link. 0.25% of the stock is owned by company insiders.
Mammoth Energy Services (NASDAQ:TUSK) last released its earnings results on Monday, August 6th. The energy company reported $1.34 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.51 by ($0.17). The firm had revenue of $533.60 million during the quarter, compared to analyst estimates of $531.25 million. Mammoth Energy Services had a net margin of 10.57% and a return on equity of 34.33%. The firm’s quarterly revenue was up 442.8% on a year-over-year basis. During the same period last year, the business posted ($0.03) earnings per share. sell-side analysts predict that Mammoth Energy Services Inc will post 4.43 earnings per share for the current fiscal year.
Several equities research analysts have recently commented on the company. BidaskClub raised Mammoth Energy Services from a “buy” rating to a “strong-buy” rating in a research note on Friday, August 3rd. Imperial Capital lifted their target price on Mammoth Energy Services from $37.00 to $46.00 and gave the company an “outperform” rating in a research note on Wednesday, May 30th. Piper Jaffray Companies lifted their target price on Mammoth Energy Services from $35.00 to $52.00 and gave the company an “overweight” rating in a research note on Friday, June 8th. ValuEngine cut Mammoth Energy Services from a “buy” rating to a “hold” rating in a research note on Thursday, August 2nd. Finally, Barclays lifted their target price on Mammoth Energy Services from $37.00 to $42.00 and gave the company a “buy” rating in a research note on Wednesday, May 30th. Five research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus price target of $38.44.
About Mammoth Energy Services
Mammoth Energy Services, Inc operates as an integrated oilfield service company. The company operates in four segments: Pressure Pumping Services, Infrastructure Services, Natural Sand Proppant Services, and Contract Land and Directional Drilling Services. The Pressure Pumping Services segment provides high-pressure hydraulic fracturing services to enhance the production of oil and natural gas from formations having low permeability.
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