Layne Christensen Co (NASDAQ:LAYN) Institutional Investor Sentiment Trend

October 20, 2017 - By Vivian Park

 Layne Christensen Co (NASDAQ:LAYN) Institutional Investor Sentiment Trend

Sentiment for Layne Christensen Co (NASDAQ:LAYN)

Layne Christensen Co (NASDAQ:LAYN) institutional sentiment increased to 1.03 in 2017 Q2. Its up 0.17, from 0.86 in 2017Q1. The ratio has improved, as 35 hedge funds opened new or increased positions, while 34 sold and decreased their stakes in Layne Christensen Co. The hedge funds in our partner’s database now own: 17.48 million shares, down from 18.01 million shares in 2017Q1. Also, the number of hedge funds holding Layne Christensen Co in their top 10 positions was flat from 1 to 1 for the same number . Sold All: 10 Reduced: 24 Increased: 20 New Position: 15.

Layne Christensen Company is a water management, construction and drilling company. The company has market cap of $260.63 million. The Firm provides drilling solutions for water management, mineral services and specialty drilling needs. It currently has negative earnings. The Firm operates through three divisions: Water Resources, Inliner and Mineral Services.

About 15,519 shares traded. Layne Christensen Company (NASDAQ:LAYN) has declined 11.47% since October 20, 2016 and is downtrending. It has underperformed by 28.17% the S&P500.

Investors wait Layne Christensen Company (NASDAQ:LAYN) to report on December, 14. its quarterly earnings Wall Street analysts expect $-0.10 EPS, up $0.07 or 41.18 % from last year’s $-0.17 same quarter earnings. Layne Christensen Company’s Wall Street analysts see -9.09 % EPS growth, taking into account the $-0.11 EPS reproted in the previous quarter,

Wynnefield Capital Inc holds 5.58% of its portfolio in Layne Christensen Company for 1.90 million shares. Van Den Berg Management I Inc owns 2.23 million shares or 2.42% of their US portfolio. Moreover, Rutabaga Capital Management Llc Ma has 2.06% invested in the company for 1.25 million shares. The Illinois-based Crystal Rock Capital Management has invested 1.12% in the stock. Green Square Capital Llc, a Tennessee-based fund reported 375,400 shares.#img1#

Layne Christensen Company (NASDAQ:LAYN) Ratings Coverage

Ratings analysis reveals 33% of Layne Christensen’s analysts are positive. Out of 3 Wall Street analysts rating Layne Christensen, 1 give it “Buy”, 0 “Sell” rating, while 2 recommend “Hold”. The lowest target is $8 while the high is $11.0. The stock’s average target of $9 is -31.61% below today’s ($13.16) share price. LAYN was included in 7 notes of analysts from August 18, 2015. The stock has “Buy” rating by Zacks on Tuesday, August 18. The stock of Layne Christensen Company (NASDAQ:LAYN) earned “Hold” rating by Jefferies on Tuesday, September 12. The rating was initiated by Maxim Group with “Buy” on Friday, February 19. The company was maintained on Monday, March 7 by DA Davidson. Jefferies maintained Layne Christensen Company (NASDAQ:LAYN) rating on Friday, August 4. Jefferies has “Hold” rating and $900 target. The stock of Layne Christensen Company (NASDAQ:LAYN) has “Hold” rating given on Friday, June 9 by Jefferies.

More notable recent Layne Christensen Company (NASDAQ:LAYN) news were published by: Seekingalpha.com which released: “Layne Christensen Still Has More Upside” on July 14, 2017, also Nasdaq.com with their article: “Is the Options Market Predicting a Spike in Layne Christensen (LAYN) Stock?” published on October 20, 2017, Seekingalpha.com published: “Layne Christensen: Decent Execution Means Big Upside” on May 09, 2017. More interesting news about Layne Christensen Company (NASDAQ:LAYN) were released by: Seekingalpha.com and their article: “Sticking With Layne Christensen After A Big Run” published on October 17, 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.

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