Sound Point Capital Management LP boosted its holdings in C&J Energy Services, Inc. (NYSE:CJ) by 325.7% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 520,017 shares of the company’s stock after acquiring an additional 397,861 shares during the quarter. C&J Energy Services comprises approximately 3.6% of Sound Point Capital Management LP’s portfolio, making the stock its 3rd biggest holding. Sound Point Capital Management LP owned about 0.82% of C&J Energy Services worth $17,821,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Russell Investments Group Ltd. raised its position in C&J Energy Services by 155.0% in the second quarter. Russell Investments Group Ltd. now owns 37,588 shares of the company’s stock worth $1,288,000 after acquiring an additional 22,847 shares in the last quarter. Kennedy Capital Management Inc. purchased a new position in C&J Energy Services in the second quarter worth $5,439,000. Hotchkis & Wiley Capital Management LLC raised its position in C&J Energy Services by 434.1% in the second quarter. Hotchkis & Wiley Capital Management LLC now owns 2,532,290 shares of the company’s stock worth $86,782,000 after acquiring an additional 2,058,190 shares in the last quarter. Parkwood LLC raised its position in C&J Energy Services by 114.5% in the second quarter. Parkwood LLC now owns 37,905 shares of the company’s stock worth $1,299,000 after acquiring an additional 20,233 shares in the last quarter. Finally, Concourse Capital Management LLC purchased a new position in C&J Energy Services in the second quarter worth $1,062,000.

Shares of C&J Energy Services, Inc. (CJ) traded down 0.20% on Thursday, hitting $29.61. The stock had a trading volume of 356,128 shares. The firm has a market cap of $1.87 billion and a P/E ratio of 91.39. C&J Energy Services, Inc. has a 12-month low of $24.30 and a 12-month high of $46.30. The company’s 50-day moving average price is $27.63 and its 200 day moving average price is $30.92.

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In other news, major shareholder Alternative Asset Manage Solus sold 175,000 shares of the business’s stock in a transaction on Thursday, September 21st. The stock was sold at an average price of $29.23, for a total transaction of $5,115,250.00. The sale was disclosed in a document filed with the SEC, which is available through the SEC website.

Several research analysts have issued reports on the company. Zacks Investment Research upgraded C&J Energy Services from a “sell” rating to a “hold” rating in a research report on Monday, July 17th. Jefferies Group LLC assumed coverage on C&J Energy Services in a research report on Thursday, July 13th. They issued a “buy” rating and a $43.00 price objective for the company. Morgan Stanley reiterated an “equal weight” rating and issued a $38.00 price objective (down previously from $44.00) on shares of C&J Energy Services in a research report on Wednesday, June 21st. Guggenheim assumed coverage on C&J Energy Services in a research report on Thursday, September 7th. They issued a “buy” rating and a $37.00 price objective for the company. Finally, Citigroup Inc. reiterated a “buy” rating and issued a $36.00 price objective (down previously from $39.00) on shares of C&J Energy Services in a research report on Friday, August 11th. Two equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. C&J Energy Services presently has a consensus rating of “Buy” and an average target price of $40.45.

C&J Energy Services Profile

C&J Energy Services, Inc is a completion and production services company, which provides well construction, well completions and well services to the oil and gas industry. The Company operates through three segments: Completion Services, Well Support Services and Other Services. The Company also manufactures, repairs and refurbishes equipment used in the oilfield services industry.

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Institutional Ownership by Quarter for C&J Energy Services (NYSE:CJ)

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