Alliancebernstein L.P. purchased a new stake in shares of C&J Energy Services, Inc. (NYSE:CJ) in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 112,450 shares of the company’s stock, valued at approximately $3,854,000. Alliancebernstein L.P. owned approximately 0.18% of C&J Energy Services at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Russell Investments Group Ltd. increased its holdings in shares of C&J Energy Services by 155.0% during the second quarter. Russell Investments Group Ltd. now owns 37,588 shares of the company’s stock valued at $1,288,000 after acquiring an additional 22,847 shares in the last quarter. Kennedy Capital Management Inc. bought a new position in shares of C&J Energy Services during the second quarter valued at $5,439,000. Parkwood LLC increased its holdings in shares of C&J Energy Services by 114.5% during the second quarter. Parkwood LLC now owns 37,905 shares of the company’s stock valued at $1,299,000 after acquiring an additional 20,233 shares in the last quarter. Wells Fargo & Company MN increased its holdings in shares of C&J Energy Services by 42,247.4% during the second quarter. Wells Fargo & Company MN now owns 2,146,165 shares of the company’s stock valued at $73,549,000 after acquiring an additional 2,141,097 shares in the last quarter. Finally, Sprott Inc. bought a new position in shares of C&J Energy Services during the second quarter valued at $6,169,000.

Shares of C&J Energy Services, Inc. (NYSE:CJ) opened at 29.56 on Friday. The stock has a market capitalization of $1.87 billion and a PE ratio of 91.23. C&J Energy Services, Inc. has a 52-week low of $24.30 and a 52-week high of $46.30. The company’s 50 day moving average price is $27.73 and its 200 day moving average price is $30.91.

In related news, major shareholder Alternative Asset Manage Solus sold 175,000 shares of the company’s stock in a transaction dated 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 can be accessed through this link.

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CJ has been the topic of several recent analyst reports. Morgan Stanley reaffirmed an “equal weight” rating and set a $38.00 price objective (down from $44.00) on shares of C&J Energy Services in a research report on Wednesday, June 21st. Zacks Investment Research cut C&J Energy Services from a “buy” rating to a “hold” rating in a research report on Friday, July 7th. Citigroup Inc. reaffirmed a “buy” rating and set a $36.00 price objective (down from $39.00) on shares of C&J Energy Services in a research report on Friday, August 11th. Jefferies Group LLC initiated coverage on C&J Energy Services in a research report on Thursday, July 13th. They set a “buy” rating and a $43.00 price objective on the stock. Finally, Guggenheim initiated coverage on C&J Energy Services in a research report on Thursday, September 7th. They set a “buy” rating and a $37.00 price objective on the stock. Two investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. C&J Energy Services currently has an average rating of “Buy” and a consensus 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.

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

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