Pyrrho Capital Management LP purchased a new stake in C&J Energy Services, Ltd. (NASDAQ:CJES) during the second quarter, according to its most recent filing with the SEC. The firm purchased 3,000,000 shares of the company’s stock, valued at approximately $2,040,000. C&J Energy Services comprises approximately 6.4% of Pyrrho Capital Management LP’s investment portfolio, making the stock its 5th largest position.
C&J Energy Services, Ltd. (NASDAQ:CJES) traded up 0.0000% during mid-day trading on Monday, reaching $0.3136. The company’s 50 day moving average price is $0.60 and its 200 day moving average price is $1.41. C&J Energy Services, Ltd. has a 52-week low of $0.24 and a 52-week high of $10.59.
A number of analysts have commented on the stock. Jefferies Group reiterated a “buy” rating on shares of C&J Energy Services in a report on Sunday, July 10th. Zacks Investment Research downgraded shares of C&J Energy Services from a “buy” rating to a “hold” rating in a report on Tuesday, July 19th. Finally, GMP Securities upgraded shares of C&J Energy Services from a “reduce” rating to a “hold” rating in a report on Monday, July 11th.
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