Layne Christensen Co: Linden Capital L.P. Makes Purchase

January 12, 2018 - By Richard Conner

 Layne Christensen Co: Linden Capital L.P. Makes Purchase

Investors sentiment increased to 1.45 in 2017 Q3. Its up 0.42, from 1.03 in 2017Q2. It is positive, as 7 investors sold Layne Christensen Company shares while 22 reduced holdings. 20 funds opened positions while 22 raised stakes. 18.10 million shares or 3.49% more from 17.48 million shares in 2017Q2 were reported.

Putnam Invs Limited Liability Company has 140,619 shares for 0% of their portfolio. Blackrock reported 0% of its portfolio in Layne Christensen Company (NASDAQ:LAYN). California State Teachers Retirement Sys reported 0% of its portfolio in Layne Christensen Company (NASDAQ:LAYN). New York-based D E Shaw has invested 0% in Layne Christensen Company (NASDAQ:LAYN). Crystal Rock Cap Mgmt has 197,648 shares for 1.65% of their portfolio. Eam Investors Limited Liability Co holds 49,531 shares or 0.08% of its portfolio. Gamco Invsts Et Al reported 0.09% in Layne Christensen Company (NASDAQ:LAYN). Jane Street Grp Incorporated Ltd stated it has 0% in Layne Christensen Company (NASDAQ:LAYN). Barclays Public Limited Liability Co owns 420 shares. Teton Advisors Inc accumulated 225,000 shares. Renaissance Limited Liability, a New York-based fund reported 941,054 shares. Bridgeway Capital Mngmt reported 36,430 shares or 0.01% of all its holdings. Dimensional Fund Advisors L P holds 974,967 shares or 0.01% of its portfolio. Manatuck Hill Ptnrs Limited Liability Company has 300,000 shares. Parametric Portfolio Ltd has invested 0% of its portfolio in Layne Christensen Company (NASDAQ:LAYN).

The New Linden Capital L.P. Holding in Layne Christensen Co

Linden Capital L.P. reported SC 13G/A form with the SEC for Layne Christensen Co. Access it here: 000119312518009586. As reported by Linden Capital L.P., the filler owns 9.2% or 1,948,512 shares of the Industrials–company.

Layne Christensen Co stake is new for [reportingPerson]. Date of activity: December31, 2017. This shows Linden Capital L.P.’s positive view for Layne Christensen Co.

Layne Christensen Co Institutional Sentiment

Filings show 58 investors own Layne Christensen Co. The ownership in Q3 2015 is high, at Infinity of the outstanding shares. This is increased by 1744807. 18060778 were owned by these investors. 3 funds opened new Layne Christensen Co stakes, 17 increased positions. There were 28 that closed positions and 24 reduced them.

Rock Point Advisors Llc is an investor bullish on Layne Christensen Co, owning 514051 shares as of Q3 2015 for 1.83% of its portfolio. David Iben Kopernik Global Investors Llc owns 1070381 shares or 1.46% of its portfolio. NY Water Asset Management Llc have 0.38% of its portfolio for 102887 shares. Further, Wynnefield Capital Inc reported stake worth 0.83% of its portfolio. The TX Van Den Berg Management I Inc owns 2730723 shares. Layne Christensen Co is 2.28% of its portfolio.

SEC Form 13G.

Analysts await Layne Christensen Company (NASDAQ:LAYN) to report earnings on April, 9. They expect $-0.14 EPS, up 85.26 % or $0.81 from last year’s $-0.95 per share. After $-0.05 actual EPS reported by Layne Christensen Company for the previous quarter, Wall Street now forecasts 180.00 % negative EPS growth.

The stock decreased 0.38% or $0.05 during the last trading session, reaching $13.26. About 9,219 shares traded. Layne Christensen Company (NASDAQ:LAYN) has declined 11.47% since January 12, 2017 and is downtrending. It has underperformed by 28.17% the S&P500.

Layne Christensen Company operates as a water management, construction, and drilling firm that provides solutions for the water, mineral, and energy markets in the United States and internationally. The company has market cap of $263.64 million. The company??s Water Resources segment offers water-related services and products, including hydrologic design and construction; source of supply exploration; well and intake construction; and well and pump rehabilitation services. It currently has negative earnings. This segment also provides water treatment equipment engineering services and systems for the treatment of regulated and nuisance contaminants.

Layne Christensen Company (NASDAQ:LAYN) Ratings Coverage

Among 3 analysts covering Layne Christensen (NASDAQ:LAYN), 1 have Buy rating, 0 Sell and 2 Hold. Therefore 33% are positive. Layne Christensen has $11.0 highest and $8 lowest target. $9’s average target is -32.13% below currents $13.26 stock price. Layne Christensen had 7 analyst reports since August 18, 2015 according to SRatingsIntel. The rating was downgraded by Zacks to “Buy” on Tuesday, August 18. The stock of Layne Christensen Company (NASDAQ:LAYN) earned “Buy” rating by Maxim Group on Friday, February 19. On Monday, March 7 the stock rating was maintained by DA Davidson with “Neutral”. Jefferies maintained the stock with “Hold” rating in Friday, August 4 report. The firm has “Hold” rating by Jefferies given on Tuesday, September 12. The firm has “Hold” rating by Jefferies given on Friday, June 9.

More notable recent Layne Christensen Company (NASDAQ:LAYN) news were published by: Seekingalpha.com which released: “Layne Christensen: Decent Execution Means Big Upside” on May 09, 2017, also Prnewswire.com with their article: “Layne Christensen Announces Completion Of High-Capacity Water Pipeline In The …” published on July 28, 2017, Seekingalpha.com published: “Layne Christensen Still Has More Upside” on July 14, 2017. More interesting news about Layne Christensen Company (NASDAQ:LAYN) were released by: Prnewswire.com and their article: “Layne Christensen Announces New Energy Infrastructure Business And High …” published on June 07, 2017 as well as Investorplace.com‘s news article titled: “3 Stocks to Watch on Tuesday: Kroger Co (KR), Layne Christensen Company (LAYN …” with publication date: September 12, 2017.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.