Hotchkis & Wiley Capital Management LLC Grows Stake in C&J Energy Services, Inc. (CJ)

Hotchkis & Wiley Capital Management LLC lifted its holdings in C&J Energy Services, Inc. (NYSE:CJ) by 434.1% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 2,532,290 shares of the company’s stock after acquiring an additional 2,058,190 shares during the quarter. Hotchkis & Wiley Capital Management LLC owned 4.00% of C&J Energy Services worth $86,782,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in CJ. SG Americas Securities LLC acquired a new stake in C&J Energy Services during the second quarter valued at $152,000. US Bancorp DE acquired a new stake in C&J Energy Services during the second quarter valued at $168,000. BNP Paribas Arbitrage SA acquired a new stake in C&J Energy Services during the second quarter valued at $199,000. Amalgamated Bank acquired a new stake in C&J Energy Services during the second quarter valued at $214,000. Finally, Dupont Capital Management Corp acquired a new stake in C&J Energy Services during the second quarter valued at $343,000.

CJ has been the topic of several analyst reports. Zacks Investment Research lowered shares of C&J Energy Services from a “buy” rating to a “hold” rating in a research report on Monday, May 22nd. Morgan Stanley restated an “equal weight” rating and set a $38.00 price target (down previously from $44.00) on shares of C&J Energy Services in a research report on Wednesday, June 21st. Jefferies Group LLC initiated coverage on shares of C&J Energy Services in a research report on Thursday, July 13th. They set a “buy” rating and a $43.00 price target on the stock. Citigroup Inc. restated a “buy” rating and set a $36.00 price target (down previously from $39.00) on shares of C&J Energy Services in a research report on Friday, August 11th. Finally, Guggenheim initiated coverage on shares of C&J Energy Services in a research report on Thursday, September 7th. They set a “buy” rating and a $37.00 price target on the stock. Two analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. C&J Energy Services currently has an average rating of “Buy” and an average target price of $40.17.

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C&J Energy Services, Inc. (CJ) traded up 0.53% during trading on Friday, reaching $28.55. 1,482,622 shares of the company’s stock traded hands. The firm’s 50 day moving average price is $27.73 and its 200-day moving average price is $31.05. C&J Energy Services, Inc. has a one year low of $24.30 and a one year high of $36.78. The stock has a market cap of $1.81 billion and a P/E ratio of 88.12.

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)

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