Mammoth Energy Services, Inc. (NASDAQ:TUSK) Shares Acquired by Archer Investment Corp

Archer Investment Corp raised its holdings in shares of Mammoth Energy Services, Inc. (NASDAQ:TUSK) by 25.1% in the 4th quarter, HoldingsChannel.com reports. The fund owned 21,400 shares of the energy company’s stock after buying an additional 4,300 shares during the quarter. Archer Investment Corp’s holdings in Mammoth Energy Services were worth $95,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also bought and sold shares of the company. LPL Financial LLC acquired a new stake in Mammoth Energy Services during the 2nd quarter valued at approximately $30,000. Tower Research Capital LLC TRC lifted its stake in shares of Mammoth Energy Services by 435.8% in the 1st quarter. Tower Research Capital LLC TRC now owns 7,812 shares of the energy company’s stock valued at $33,000 after purchasing an additional 6,354 shares during the period. Citigroup Inc. lifted its stake in shares of Mammoth Energy Services by 178.1% in the 2nd quarter. Citigroup Inc. now owns 6,937 shares of the energy company’s stock valued at $34,000 after purchasing an additional 4,443 shares during the period. California State Teachers Retirement System acquired a new position in shares of Mammoth Energy Services in the 2nd quarter valued at $37,000. Finally, Allspring Global Investments Holdings LLC acquired a new position in shares of Mammoth Energy Services in the 3rd quarter valued at $38,000. 79.67% of the stock is currently owned by institutional investors and hedge funds.

Mammoth Energy Services Price Performance

TUSK opened at $3.15 on Thursday. The company has a current ratio of 2.72, a quick ratio of 2.65 and a debt-to-equity ratio of 0.09. The firm has a fifty day moving average price of $3.63 and a 200 day moving average price of $4.05. Mammoth Energy Services, Inc. has a 1 year low of $3.14 and a 1 year high of $5.75.

Mammoth Energy Services (NASDAQ:TUSK) last posted its earnings results on Friday, March 1st. The energy company reported ($0.12) earnings per share (EPS) for the quarter. Mammoth Energy Services had a negative net margin of 1.02% and a negative return on equity of 0.29%. The firm had revenue of $52.78 million during the quarter.

Mammoth Energy Services 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.