Were Analysts Bearish Layne Christensen Company (NASDAQ:LAYN) This Week?

February 21, 2018 - By Maria Brooks

 Were Analysts Bearish Layne Christensen Company (NASDAQ:LAYN) This Week?
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.
Manatuck Hill Prns Limited Liability Com has invested 1.84% in Layne Christensen Company (NASDAQ:LAYN). Deutsche National Bank Ag holds 0% or 65,980 shares. Tower Capital Limited Liability Company (Trc) invested in 0% or 3,357 shares. Eam Investors Llc has 0.08% invested in Layne Christensen Company (NASDAQ:LAYN) for 49,531 shares. 225,000 are owned by Teton. Ameritas Investment Prns holds 0% or 1,411 shares in its portfolio. Alliancebernstein Limited Partnership reported 0% of its portfolio in Layne Christensen Company (NASDAQ:LAYN). Wells Fargo & Mn owns 157,745 shares. Blackrock reported 0% in Layne Christensen Company (NASDAQ:LAYN). Ny State Common Retirement Fund invested in 12,400 shares or 0% of the stock. Bridgeway Capital Management holds 36,430 shares. Bnp Paribas Arbitrage reported 1,691 shares. Renaissance Technology Lc, New York-based fund reported 941,054 shares. Citigroup reported 56 shares. Tiaa Cref Investment Mngmt Llc holds 49,783 shares.

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 had 7 analyst reports since August 18, 2015 according to SRatingsIntel. The rating was downgraded by Zacks to “Buy” on Tuesday, August 18. The rating was maintained by DA Davidson on Monday, March 7 with “Neutral”. Jefferies maintained Layne Christensen Company (NASDAQ:LAYN) on Tuesday, September 12 with “Hold” rating. The stock of Layne Christensen Company (NASDAQ:LAYN) has “Buy” rating given on Friday, February 19 by Maxim Group. Jefferies maintained Layne Christensen Company (NASDAQ:LAYN) on Friday, June 9 with “Hold” rating. The rating was maintained by Jefferies on Friday, August 4 with “Hold”. Below is a list of Layne Christensen Company (NASDAQ:LAYN) latest ratings and price target changes.

12/09/2017 Broker: Jefferies Rating: Hold New Target: $11.0 Maintain

The stock decreased 0.86% or $0.14 during the last trading session, reaching $16.05. About 366,391 shares traded or 41.02% up from the average. Layne Christensen Company (NASDAQ:LAYN) has declined 11.47% since February 21, 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 $287.24 million. The companyÂ’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.

More notable recent Layne Christensen Company (NASDAQ:LAYN) news were published by: Businesswire.com which released: “LAYNE CHRISTENSEN COMPANY SHAREHOLDER ALERT: Rigrodsky & Long, PA Announces …” on February 14, 2018, also Investorplace.com with their article: “3 Stocks to Watch on Tuesday: Kroger Co (KR), Layne Christensen Company (LAYN …” published on September 12, 2017, Prnewswire.com published: “RM LAW Announces Investigation of Layne Christensen Company” on February 16, 2018. More interesting news about Layne Christensen Company (NASDAQ:LAYN) were released by: Prnewswire.com and their article: “SHAREHOLDER ALERT: Monteverde & Associates PC Announces An Investigation Of …” published on February 16, 2018 as well as Seekingalpha.com‘s news article titled: “Sticking With Layne Christensen After A Big Run” with publication date: October 17, 2017.

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