Schwab Charles Investment Management Inc. bought a new position in shares of C&J Energy Services, Inc. (NYSE:CJ) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 253,884 shares of the company’s stock, valued at approximately $8,701,000. Schwab Charles Investment Management Inc. owned 0.40% of C&J Energy Services at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Ameriprise Financial Inc. purchased a new position in shares of C&J Energy Services in the 1st quarter worth about $7,993,000. Sprott Inc. acquired a new stake in shares of C&J Energy Services in the second quarter valued at about $6,169,000. NGAM Advisors L.P. grew its stake in shares of C&J Energy Services by 67.8% in the second quarter. NGAM Advisors L.P. now owns 97,363 shares of the company’s stock valued at $3,336,000 after buying an additional 39,328 shares in the last quarter. Parkwood LLC grew its stake in shares of C&J Energy Services by 114.5% in the second quarter. Parkwood LLC now owns 37,905 shares of the company’s stock valued at $1,299,000 after buying an additional 20,233 shares in the last quarter. Finally, Russell Investments Group Ltd. grew its stake in shares of 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 valued at $1,288,000 after buying an additional 22,847 shares in the last quarter.

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In other C&J Energy Services news, major shareholder Alternative Asset Manage Solus sold 29,809 shares of the business’s stock in a transaction dated Wednesday, September 20th. The shares were sold at an average price of $29.83, for a total value of $889,202.47. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink.

Shares of C&J Energy Services, Inc. (NYSE CJ) traded up 0.65% during trading on Friday, hitting $29.34. The company had a trading volume of 212,643 shares. The stock has a market cap of $1.86 billion and a PE ratio of 90.56. C&J Energy Services, Inc. has a 12-month low of $24.30 and a 12-month high of $36.78. The firm has a 50 day moving average of $28.40 and a 200 day moving average of $30.83.

A number of equities research analysts have weighed in on CJ shares. Jefferies Group LLC restated a “buy” rating and set a $38.00 price objective (down previously from $43.00) on shares of C&J Energy Services in a research note on Thursday, August 10th. Citigroup Inc. reaffirmed a “buy” rating and set a $36.00 target price (down previously from $39.00) on shares of C&J Energy Services in a report on Friday, August 11th. Deutsche Bank AG reaffirmed a “buy” rating and set a $39.00 target price on shares of C&J Energy Services in a report on Tuesday. Zacks Investment Research downgraded C&J Energy Services from a “buy” rating to a “hold” rating in a report on Wednesday. Finally, Scotiabank reissued a “hold” rating on shares of C&J Energy Services in a report on Tuesday. Three analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. C&J Energy Services has a consensus rating of “Buy” and an average price target of $39.25.

C&J Energy Services Company 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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