C&J Energy Services, Inc. (CJ) Stake Held by BlueMountain Capital Management LLC

BlueMountain Capital Management LLC maintained its stake in C&J Energy Services, Inc. (NYSE:CJ) during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 3,203,584 shares of the company’s stock at the close of the second quarter. C&J Energy Services makes up approximately 2.3% of BlueMountain Capital Management LLC’s portfolio, making the stock its 6th largest holding. BlueMountain Capital Management LLC owned 5.06% of C&J Energy Services worth $109,787,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in CJ. SG Americas Securities LLC bought a new stake in shares of C&J Energy Services in the second quarter worth $152,000. US Bancorp DE bought a new stake in shares of C&J Energy Services in the second quarter worth $168,000. BNP Paribas Arbitrage SA bought a new stake in shares of C&J Energy Services in the second quarter worth $199,000. Amalgamated Bank bought a new stake in shares of C&J Energy Services in the second quarter worth $214,000. Finally, Dupont Capital Management Corp bought a new stake in shares of C&J Energy Services in the second quarter worth $343,000.

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A number of analysts have recently commented on the stock. Zacks Investment Research raised shares of C&J Energy Services from a “hold” rating to a “buy” rating and set a $37.00 price objective on the stock in a research report on Wednesday, June 21st. Morgan Stanley reissued an “equal weight” rating and issued a $38.00 price objective (down previously from $44.00) on shares of C&J Energy Services in a research report on Wednesday, June 21st. Citigroup Inc. reissued a “buy” rating and issued a $36.00 price objective (down previously from $39.00) on shares of C&J Energy Services in a research report on Friday, August 11th. Jefferies Group LLC assumed coverage on shares of C&J Energy Services in a research report on Thursday, July 13th. They issued a “buy” rating and a $43.00 price objective on the stock. Finally, Guggenheim assumed coverage on shares of C&J Energy Services in a research report on Thursday, September 7th. They issued a “buy” rating and a $37.00 price objective on the stock. Two research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus price target of $40.17.

C&J Energy Services, Inc. (NYSE:CJ) traded down 0.21% during trading on Friday, hitting $28.34. 303,218 shares of the company’s stock traded hands. C&J Energy Services, Inc. has a 52-week low of $24.30 and a 52-week high of $46.30. The company’s 50 day moving average price is $27.86 and its 200 day moving average price is $31.07. The company has a market cap of $1.79 billion and a PE ratio of 87.47.

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.

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

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