C&J Energy Services, Inc. (NYSE:CJ) major shareholder Alternative Asset Manage Solus sold 175,000 shares of the business’s stock in a transaction that occurred on Thursday, September 21st. The shares were sold at an average price of $29.23, for a total value of $5,115,250.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Major shareholders that own 10% or more of a company’s stock are required to disclose their transactions with the SEC.

C&J Energy Services, Inc. (NYSE:CJ) traded down 0.13% during midday trading on Friday, hitting $29.75. The stock had a trading volume of 354,956 shares. C&J Energy Services, Inc. has a 1-year low of $24.30 and a 1-year high of $46.30. The firm has a 50-day moving average price of $27.53 and a 200-day moving average price of $31.01. The firm has a market capitalization of $1.88 billion and a price-to-earnings ratio of 91.82.

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Several hedge funds and other institutional investors have recently modified their holdings of the company. Vanguard Group Inc. bought a new position in shares of C&J Energy Services during the 2nd quarter worth approximately $155,777,000. BlackRock Inc. boosted its stake in shares of C&J Energy Services by 43,395.0% during the 2nd quarter. BlackRock Inc. now owns 3,454,373 shares of the company’s stock worth $118,380,000 after acquiring an additional 3,446,431 shares during the period. Hotchkis & Wiley Capital Management LLC boosted its stake in shares of C&J Energy Services by 434.1% during the 2nd 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 during the period. Wells Fargo & Company MN boosted its stake in shares of C&J Energy Services by 42,247.4% during the 2nd quarter. Wells Fargo & Company MN now owns 2,146,165 shares of the company’s stock worth $73,549,000 after acquiring an additional 2,141,097 shares during the period. Finally, Citadel Advisors LLC boosted its stake in shares of C&J Energy Services by 295.0% during the 2nd quarter. Citadel Advisors LLC now owns 1,789,008 shares of the company’s stock worth $61,309,000 after acquiring an additional 1,336,039 shares during the period.

A number of equities research analysts have issued reports on CJ shares. 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 research report on Friday, August 11th. Jefferies Group LLC reaffirmed a “buy” rating and set a $38.00 target price (down previously from $43.00) on shares of C&J Energy Services in a research report on Thursday, August 10th. Guggenheim started coverage on C&J Energy Services in a research report on Thursday, September 7th. They set a “buy” rating and a $37.00 target price for the company. Zacks Investment Research cut C&J Energy Services from a “buy” rating to a “hold” rating in a research report on Tuesday, June 20th. Finally, Morgan Stanley reaffirmed an “equal weight” rating and set a $38.00 target price (down previously from $44.00) on shares of C&J Energy Services in a research report on Wednesday, June 21st. Two equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. C&J Energy Services currently has an average rating of “Buy” and an average target price of $40.17.

About C&J Energy Services

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.

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