Mesirow Financial Investment Management Inc. purchased a new position in Mammooth Energy (NASDAQ:TUSK) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 28,216 shares of the energy company’s stock, valued at approximately $525,000. Mammooth Energy accounts for approximately 2.5% of Mesirow Financial Investment Management Inc.’s investment portfolio, making the stock its 8th biggest holding. Mesirow Financial Investment Management Inc. owned approximately 0.06% of Mammooth Energy as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of the business. Schwab Charles Investment Management Inc. boosted its stake in Mammooth Energy by 0.6% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 29,834 shares of the energy company’s stock worth $555,000 after purchasing an additional 171 shares during the period. Wells Fargo & Company MN boosted its stake in Mammooth Energy by 4.1% in the 1st quarter. Wells Fargo & Company MN now owns 39,642 shares of the energy company’s stock worth $852,000 after purchasing an additional 1,566 shares during the period. Teachers Advisors LLC boosted its stake in Mammooth Energy by 13.6% in the 2nd quarter. Teachers Advisors LLC now owns 15,060 shares of the energy company’s stock worth $280,000 after purchasing an additional 1,808 shares during the period. Northern Trust Corp boosted its stake in Mammooth Energy by 2.2% in the 2nd quarter. Northern Trust Corp now owns 92,303 shares of the energy company’s stock worth $1,717,000 after purchasing an additional 1,996 shares during the period. Finally, 1st Global Advisors Inc. boosted its stake in Mammooth Energy by 11.0% in the 2nd quarter. 1st Global Advisors Inc. now owns 28,843 shares of the energy company’s stock worth $536,000 after purchasing an additional 2,869 shares during the period. Institutional investors and hedge funds own 73.44% of the company’s stock.

In other news, Director James D. Palm purchased 6,000 shares of the company’s stock in a transaction that occurred on Friday, August 25th. The stock was purchased at an average cost of $12.75 per share, for a total transaction of $76,500.00. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. 0.03% of the stock is currently owned by insiders.

TUSK has been the subject of several recent analyst reports. Credit Suisse Group restated an “outperform” rating and issued a $18.00 price target (down from $25.00) on shares of Mammooth Energy in a research note on Tuesday, August 8th. They noted that the move was a valuation call. Zacks Investment Research upgraded Mammooth Energy from a “hold” rating to a “buy” rating and set a $18.00 price target for the company in a research note on Thursday. Piper Jaffray Companies restated a “buy” rating and issued a $19.00 price target (down from $22.00) on shares of Mammooth Energy in a research note on Wednesday, July 12th. Barclays PLC downgraded Mammooth Energy from an “overweight” rating to an “equal weight” rating and dropped their price target for the stock from $26.00 to $17.00 in a research note on Wednesday, July 12th. Finally, Jefferies Group LLC initiated coverage on Mammooth Energy in a research note on Thursday, October 5th. They issued a “hold” rating and a $18.00 price target for the company. Three investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $21.92.

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Mammooth Energy (NASDAQ TUSK) traded up 0.70% on Friday, hitting $15.80. The stock had a trading volume of 33,509 shares. The company has a market cap of $703.13 million and a PE ratio of 169.89. Mammooth Energy has a 12 month low of $11.91 and a 12 month high of $24.54. The company has a 50-day moving average of $15.76 and a 200 day moving average of $15.76.

Mammooth Energy (NASDAQ:TUSK) last issued its quarterly earnings results on Wednesday, August 2nd. The energy company reported ($0.03) EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.08) by $0.05. Mammooth Energy had a negative return on equity of 3.04% and a negative net margin of 21.65%. The firm had revenue of $98.26 million during the quarter, compared to analysts’ expectations of $92.14 million. The firm’s revenue was up 42.1% compared to the same quarter last year. On average, analysts predict that Mammooth Energy will post ($0.07) EPS for the current fiscal year.

About Mammooth Energy

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.

Institutional Ownership by Quarter for Mammooth Energy (NASDAQ:TUSK)

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