Kennedy Capital Management Inc. purchased a new stake in C&J Energy Services, Inc. (NYSE:CJ) during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 158,701 shares of the company’s stock, valued at approximately $5,439,000. Kennedy Capital Management Inc. owned approximately 0.25% of C&J Energy Services at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. SG Americas Securities LLC purchased a new stake in shares of C&J Energy Services in the second quarter valued at about $152,000. US Bancorp DE purchased a new stake in shares of C&J Energy Services in the second quarter valued at about $168,000. BNP Paribas Arbitrage SA purchased a new stake in shares of C&J Energy Services in the second quarter valued at about $199,000. Dupont Capital Management Corp purchased a new stake in shares of C&J Energy Services in the second quarter valued at about $343,000. Finally, Legal & General Group Plc purchased a new stake in shares of C&J Energy Services in the second quarter valued at about $358,000.

C&J Energy Services, Inc. (NYSE:CJ) opened at 28.25 on Thursday. The stock has a market cap of $1.79 billion and a P/E ratio of 87.19. The firm’s 50-day moving average is $28.11 and its 200-day moving average is $31.12. C&J Energy Services, Inc. has a 1-year low of $24.30 and a 1-year high of $46.30.

TRADEMARK VIOLATION WARNING: “158,701 Shares in C&J Energy Services, Inc. (CJ) Acquired by Kennedy Capital Management Inc.” was originally posted by Daily Political and is owned by of Daily Political. If you are viewing this article on another publication, it was illegally stolen and reposted in violation of United States & international trademark and copyright legislation. The original version of this article can be viewed at https://www.dailypolitical.com/2017/09/14/158701-shares-in-cj-energy-services-inc-cj-acquired-by-kennedy-capital-management-inc.html.

Several brokerages recently issued reports on CJ. Zacks Investment Research downgraded shares of C&J Energy Services from a “buy” rating to a “hold” rating in a research note on Tuesday, June 20th. Guggenheim began coverage on shares of C&J Energy Services in a research note on Thursday, September 7th. They set a “buy” rating and a $37.00 price objective on the stock. Jefferies Group LLC reissued 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. reissued a “buy” rating and set a $36.00 price objective (down previously from $39.00) on shares of C&J Energy Services in a research note on Friday, August 11th. Finally, Morgan Stanley reissued an “equal weight” rating and set a $38.00 price objective (down previously from $44.00) on shares of C&J Energy Services in a research note on Wednesday, June 21st. Two research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus price target of $40.17.

C&J Energy Services Company Profile

Seaside Exploration Partners Corp is a Canada-based capital pool company. The Company focuses on the identification and evaluation of assets or businesses with a view to completing a Qualifying Transaction. The Qualifying Transaction may involve the acquisition of a business or assets located outside of Canada.

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

Receive News & Ratings for C&J Energy Services Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for C&J Energy Services Inc. and related companies with MarketBeat.com's FREE daily email newsletter.