Legal & General Group Plc lessened its holdings in C&J Energy Services Inc (NYSE:CJ) by 0.7% during the 4th quarter, HoldingsChannel reports. The firm owned 146,917 shares of the company’s stock after selling 1,058 shares during the quarter. Legal & General Group Plc’s holdings in C&J Energy Services were worth $1,982,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Two Sigma Investments LP purchased a new stake in shares of C&J Energy Services in the fourth quarter valued at about $2,757,000. Vanguard Group Inc lifted its holdings in shares of C&J Energy Services by 1.4% in the third quarter. Vanguard Group Inc now owns 6,278,758 shares of the company’s stock valued at $130,598,000 after purchasing an additional 83,861 shares in the last quarter. Crossmark Global Holdings Inc. lifted its holdings in shares of C&J Energy Services by 43.0% in the fourth quarter. Crossmark Global Holdings Inc. now owns 13,930 shares of the company’s stock valued at $188,000 after purchasing an additional 4,190 shares in the last quarter. Pzena Investment Management LLC purchased a new stake in shares of C&J Energy Services in the fourth quarter valued at about $15,827,000. Finally, Vanguard Group Inc. lifted its holdings in shares of C&J Energy Services by 1.4% in the third quarter. Vanguard Group Inc. now owns 6,278,758 shares of the company’s stock valued at $130,598,000 after purchasing an additional 83,861 shares in the last quarter.

Shares of CJ opened at $15.33 on Friday. The company has a market cap of $1.01 billion, a P/E ratio of 18.93 and a beta of 1.54. C&J Energy Services Inc has a 1 year low of $12.35 and a 1 year high of $32.08.

C&J Energy Services (NYSE:CJ) last announced its quarterly earnings data on Thursday, February 21st. The company reported ($0.27) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.28) by $0.01. The business had revenue of $490.60 million for the quarter, compared to the consensus estimate of $489.07 million. C&J Energy Services had a negative net margin of 5.85% and a positive return on equity of 4.14%. The company’s quarterly revenue was down .2% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.31 earnings per share. As a group, research analysts forecast that C&J Energy Services Inc will post -0.91 EPS for the current fiscal year.

Several analysts have issued reports on CJ shares. Piper Jaffray Companies reaffirmed a “buy” rating and issued a $23.50 price target on shares of C&J Energy Services in a report on Thursday, December 27th. Jefferies Financial Group downgraded shares of C&J Energy Services from a “buy” rating to a “hold” rating in a report on Monday, January 28th. ValuEngine raised shares of C&J Energy Services from a “strong sell” rating to a “sell” rating in a research note on Monday, January 7th. CIBC reissued a “hold” rating and set a $3.25 price objective on shares of C&J Energy Services in a research note on Friday, February 1st. Finally, GMP Securities reissued a “buy” rating and set a $4.00 price objective on shares of C&J Energy Services in a research note on Sunday, March 3rd. One research analyst has rated the stock with a sell rating, eleven have assigned a hold rating and five have given a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus price target of $19.17.

WARNING: “Legal & General Group Plc Sells 1,058 Shares of C&J Energy Services Inc (CJ)” was first posted by TheOlympiaReport and is owned by of TheOlympiaReport. If you are viewing this article on another publication, it was illegally stolen and republished in violation of US and international copyright and trademark laws. The original version of this article can be viewed at https://theolympiareport.com/2019/04/20/legal-general-group-plc-sells-1058-shares-of-cj-energy-services-inc-cj.html.

C&J Energy Services Company Profile

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.

Further Reading: How Do Investors Open a Backdoor Roth IRA?

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.