King Luther Capital Management Corp lowered its stake in Mammooth Energy (NASDAQ:TUSK) by 78.0% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 24,520 shares of the energy company’s stock after selling 87,145 shares during the period. King Luther Capital Management Corp owned about 0.06% of Mammooth Energy worth $413,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently bought and sold shares of the company. TIAA CREF Investment Management LLC increased its holdings in shares of Mammooth Energy by 40.5% in the 1st quarter. TIAA CREF Investment Management LLC now owns 18,897 shares of the energy company’s stock valued at $406,000 after acquiring an additional 5,448 shares during the last quarter. Vanguard Group Inc. increased its holdings in shares of Mammooth Energy by 12.0% in the 1st quarter. Vanguard Group Inc. now owns 362,892 shares of the energy company’s stock valued at $7,806,000 after acquiring an additional 38,931 shares during the last quarter. Geode Capital Management LLC increased its holdings in shares of Mammooth Energy by 6.4% in the 1st quarter. Geode Capital Management LLC now owns 104,652 shares of the energy company’s stock valued at $2,251,000 after acquiring an additional 6,341 shares during the last quarter. Schwab Charles Investment Management Inc. increased its holdings in shares of Mammooth Energy by 5.5% in the 1st quarter. Schwab Charles Investment Management Inc. now owns 29,663 shares of the energy company’s stock valued at $639,000 after acquiring an additional 1,539 shares during the last quarter. Finally, Bank of America Corp DE increased its holdings in shares of Mammooth Energy by 475.3% in the 1st quarter. Bank of America Corp DE now owns 19,527 shares of the energy company’s stock valued at $420,000 after acquiring an additional 16,133 shares during the last quarter. 73.60% of the stock is currently owned by institutional investors.

TUSK has been the topic of a number of recent analyst reports. Imperial Capital increased their price objective on Mammooth Energy from $20.00 to $24.00 and gave the company an “outperform” rating in a report on Friday, October 20th. Zacks Investment Research upgraded Mammooth Energy from a “hold” rating to a “buy” rating and set a $18.00 price objective on the stock in a report on Thursday, October 12th. BidaskClub downgraded Mammooth Energy from a “buy” rating to a “hold” rating in a report on Saturday, December 2nd. Credit Suisse Group increased their price objective on Mammooth Energy from $20.00 to $22.00 and gave the company an “outperform” rating in a report on Friday, November 3rd. Finally, Jefferies Group initiated coverage on Mammooth Energy in a report on Thursday, October 5th. They issued a “hold” rating and a $18.00 price objective on the stock. Six research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. Mammooth Energy presently has a consensus rating of “Buy” and an average price target of $23.90.

Mammooth Energy (TUSK) opened at $17.56 on Friday. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.52 and a quick ratio of 1.39. Mammooth Energy has a 12 month low of $10.88 and a 12 month high of $24.54.

Mammooth Energy (NASDAQ:TUSK) last released its quarterly earnings results on Wednesday, November 1st. The energy company reported ($0.02) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.02 by ($0.04). The firm had revenue of $149.30 million for the quarter, compared to analysts’ expectations of $129.58 million. Mammooth Energy had a negative return on equity of 2.35% and a negative net margin of 16.41%. The business’s revenue was up 135.9% on a year-over-year basis. analysts predict that Mammooth Energy will post 0.14 earnings per share for the current year.

In related news, CEO Arty Straehla sold 25,842 shares of the firm’s stock in a transaction that occurred on Wednesday, November 15th. The stock was sold at an average price of $18.45, for a total transaction of $476,784.90. Following the transaction, the chief executive officer now owns 231,711 shares in the company, valued at approximately $4,275,067.95. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Company insiders own 0.03% of the company’s stock.

COPYRIGHT VIOLATION NOTICE: “King Luther Capital Management Corp Has $413,000 Holdings in Mammooth Energy (TUSK)” was first posted by Watch List News and is the property of of Watch List News. If you are viewing this piece of content on another domain, it was stolen and reposted in violation of U.S. & international copyright & trademark law. The original version of this piece of content can be accessed at https://www.watchlistnews.com/king-luther-capital-management-corp-has-413000-holdings-in-mammooth-energy-tusk/1755314.html.

Mammooth Energy Profile

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)

Receive News & Ratings for Mammooth Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Mammooth Energy and related companies with Analyst Ratings Network's FREE daily email newsletter.