QS Investors LLC Sells 2,658 Shares of Mammoth Energy Services Inc (TUSK)

QS Investors LLC decreased its holdings in shares of Mammoth Energy Services Inc (NASDAQ:TUSK) by 6.2% in the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 40,347 shares of the energy company’s stock after selling 2,658 shares during the period. QS Investors LLC owned approximately 0.09% of Mammoth Energy Services worth $792,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of TUSK. Deutsche Bank AG increased its position in shares of Mammoth Energy Services by 150.4% in the 4th quarter. Deutsche Bank AG now owns 18,736 shares of the energy company’s stock valued at $366,000 after buying an additional 11,253 shares in the last quarter. Cortina Asset Management LLC increased its position in shares of Mammoth Energy Services by 28.0% in the 4th quarter. Cortina Asset Management LLC now owns 343,430 shares of the energy company’s stock valued at $6,742,000 after buying an additional 75,127 shares in the last quarter. King Luther Capital Management Corp increased its position in shares of Mammoth Energy Services by 122.3% in the 4th quarter. King Luther Capital Management Corp now owns 54,520 shares of the energy company’s stock valued at $1,070,000 after buying an additional 30,000 shares in the last quarter. Royce & Associates LP increased its position in shares of Mammoth Energy Services by 9.1% in the 4th quarter. Royce & Associates LP now owns 185,918 shares of the energy company’s stock valued at $3,650,000 after buying an additional 15,518 shares in the last quarter. Finally, The Manufacturers Life Insurance Company increased its position in shares of Mammoth Energy Services by 470.6% in the 4th quarter. The Manufacturers Life Insurance Company now owns 7,857 shares of the energy company’s stock valued at $154,000 after buying an additional 6,480 shares in the last quarter. Institutional investors own 71.21% of the company’s stock.

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A number of research firms recently commented on TUSK. BidaskClub upgraded shares of Mammoth Energy Services from a “hold” rating to a “buy” rating in a research report on Wednesday, February 28th. Credit Suisse Group upped their price objective on shares of Mammoth Energy Services from $26.00 to $27.00 and gave the company an “outperform” rating in a research report on Tuesday, January 30th. Piper Jaffray Companies restated a “buy” rating on shares of Mammoth Energy Services in a research report on Tuesday, March 6th. ValuEngine upgraded shares of Mammoth Energy Services from a “hold” rating to a “buy” rating in a research report on Wednesday, February 28th. Finally, Zacks Investment Research cut shares of Mammoth Energy Services from a “buy” rating to a “hold” rating in a research report on Thursday, December 7th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company’s stock. Mammoth Energy Services currently has a consensus rating of “Buy” and a consensus target price of $28.50.

TUSK stock opened at $30.41 on Friday. The stock has a market capitalization of $1,346.15, a PE ratio of 22.20 and a beta of 1.44. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.35 and a current ratio of 1.43. Mammoth Energy Services Inc has a 1-year low of $10.88 and a 1-year high of $33.67.

In other Mammoth Energy Services news, CFO Mark E. Layton sold 4,373 shares of the stock in a transaction dated Thursday, March 1st. The stock was sold at an average price of $26.13, for a total transaction of $114,266.49. Following the completion of the transaction, the chief financial officer now owns 52,702 shares in the company, valued at approximately $1,377,103.26. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 0.03% of the stock is currently owned by corporate insiders.

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About Mammoth Energy Services

Mammoth Energy Services, Inc is an integrated oilfield service company. The Company is engaged in the exploration and development of North American onshore unconventional oil and natural gas reserves. The Company’s segments include Contract Land and Directional Drilling Services; Completion and Production Services; Natural Sand Proppant Services, and Remote Accommodation Services.

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Institutional Ownership by Quarter for Mammoth Energy Services (NASDAQ:TUSK)

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