C&J Energy Services Inc (NYSE:CJ) Shares Purchased by Rhumbline Advisers

Rhumbline Advisers raised its holdings in shares of C&J Energy Services Inc (NYSE:CJ) by 10.8% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 216,997 shares of the company’s stock after buying an additional 21,184 shares during the period. Rhumbline Advisers’ holdings in C&J Energy Services were worth $2,328,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in CJ. Renaissance Technologies LLC lifted its position in shares of C&J Energy Services by 148.8% during the second quarter. Renaissance Technologies LLC now owns 1,757,200 shares of the company’s stock worth $20,700,000 after purchasing an additional 1,051,000 shares in the last quarter. Nuveen Asset Management LLC acquired a new position in shares of C&J Energy Services during the second quarter worth $12,017,000. Balyasny Asset Management LLC acquired a new position in shares of C&J Energy Services during the second quarter worth $6,251,000. Pzena Investment Management LLC lifted its position in shares of C&J Energy Services by 20.4% during the second quarter. Pzena Investment Management LLC now owns 3,001,122 shares of the company’s stock worth $35,353,000 after purchasing an additional 508,190 shares in the last quarter. Finally, Van ECK Associates Corp lifted its position in shares of C&J Energy Services by 78.9% during the second quarter. Van ECK Associates Corp now owns 1,141,153 shares of the company’s stock worth $13,443,000 after purchasing an additional 503,242 shares in the last quarter.

CJ has been the topic of a number of recent research reports. Zacks Investment Research raised shares of C&J Energy Services from a “sell” rating to a “hold” rating in a research report on Tuesday, October 8th. Wells Fargo & Co reissued a “buy” rating on shares of C&J Energy Services in a research report on Friday, October 11th. Bank of America reduced their target price on shares of C&J Energy Services from $18.00 to $13.50 and set a “buy” rating on the stock in a research report on Wednesday, August 28th. Jefferies Financial Group raised shares of C&J Energy Services from a “hold” rating to a “buy” rating and cut their price target for the company from $14.00 to $13.50 in a report on Tuesday, August 20th. Finally, Raymond James reaffirmed a “hold” rating and issued a $4.00 price target on shares of C&J Energy Services in a report on Wednesday, July 31st. Six analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. C&J Energy Services has an average rating of “Buy” and a consensus target price of $10.75.

CJ opened at $7.36 on Thursday. The stock has a market capitalization of $485.98 million, a PE ratio of 9.09 and a beta of 1.44. The firm’s fifty day moving average price is $8.96 and its 200 day moving average price is $10.85. The company has a debt-to-equity ratio of 0.02, a current ratio of 2.15 and a quick ratio of 1.92. C&J Energy Services Inc has a 12-month low of $7.13 and a 12-month high of $21.08.

The business also recently declared a dividend, which was paid on Wednesday, October 30th. Investors of record on Friday, October 18th were issued a $1.00 dividend. The ex-dividend date of this dividend was Thursday, October 24th.

About C&J Energy Services

C&J Energy Services, Inc provides well construction, well completion, well support, and other complementary oilfield services and technologies to oil and gas exploration and production companies throughout the continental United States. It operates through Completion Services and Well Support Services segments.

Read More: What is Liquidity?

Want to see what other hedge funds are holding CJ? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for C&J Energy Services Inc (NYSE:CJ).

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

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