Janus Henderson Group PLC Has $53.57 Million Stake in Mammooth Energy (TUSK)

Janus Henderson Group PLC lifted its stake in Mammooth Energy (NASDAQ:TUSK) by 34.4% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,177,245 shares of the energy company’s stock after buying an additional 813,284 shares during the period. Janus Henderson Group PLC owned approximately 7.14% of Mammooth Energy worth $53,568,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of the company. Royce & Associates LP boosted its position in shares of Mammooth Energy by 32.3% in the third quarter. Royce & Associates LP now owns 170,400 shares of the energy company’s stock worth $2,873,000 after buying an additional 41,600 shares during the period. Ninepoint Partners LP purchased a new stake in shares of Mammooth Energy in the third quarter worth about $2,095,000. Russell Investments Group Ltd. boosted its position in shares of Mammooth Energy by 49.0% in the third quarter. Russell Investments Group Ltd. now owns 165,702 shares of the energy company’s stock worth $2,794,000 after buying an additional 54,477 shares during the period. Sei Investments Co. boosted its position in shares of Mammooth Energy by 17.0% in the third quarter. Sei Investments Co. now owns 36,875 shares of the energy company’s stock worth $622,000 after buying an additional 5,355 shares during the period. Finally, Boston Partners boosted its position in shares of Mammooth Energy by 203.0% in the third quarter. Boston Partners now owns 148,269 shares of the energy company’s stock worth $2,500,000 after buying an additional 99,340 shares during the period. 73.60% of the stock is owned by institutional investors.

Mammooth Energy (NASDAQ:TUSK) opened at $18.69 on Monday. Mammooth Energy has a 1-year low of $10.88 and a 1-year high of $24.54. The company has a quick ratio of 1.39, a current ratio of 1.52 and a debt-to-equity ratio of 0.21.

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

In other Mammooth Energy news, CEO Arty Straehla sold 25,842 shares of the 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 of the company’s stock, valued at approximately $4,275,067.95. The transaction was disclosed in a document filed with the SEC, which is available at this link. Company insiders own 0.03% of the company’s stock.

Several equities research analysts have recently weighed in on the company. Zacks Investment Research downgraded Mammooth Energy from a “buy” rating to a “hold” rating in a research report on Thursday, December 7th. BidaskClub downgraded Mammooth Energy from a “buy” rating to a “hold” rating in a research report on Saturday, December 2nd. Credit Suisse Group increased their price target on Mammooth Energy from $20.00 to $22.00 and gave the company an “outperform” rating in a report on Friday, November 3rd. ValuEngine raised Mammooth Energy from a “sell” rating to a “hold” rating in a report on Tuesday, October 31st. Finally, Imperial Capital increased their price target on Mammooth Energy from $20.00 to $24.00 and gave the company an “outperform” rating in a report on Friday, October 20th. Five investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company. Mammooth Energy presently has a consensus rating of “Buy” and an average price target of $23.90.

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Mammooth Energy Company 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.

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

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