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

June 15, 2018 - By Kurt Siggers

Layne Christensen Company (NASDAQ:LAYN) Logo

Sentiment for Layne Christensen Co (NASDAQ:LAYN)

Layne Christensen Co (NASDAQ:LAYN) institutional sentiment increased to 1.13 in Q1 2018. Its up 0.27, from 0.86 in 2017Q4. The ratio has improved, as 45 hedge funds started new or increased positions, while 40 sold and trimmed stakes in Layne Christensen Co. The hedge funds in our partner’s database now hold: 19.20 million shares, up from 18.46 million shares in 2017Q4. Also, the number of hedge funds holding Layne Christensen Co in their top 10 positions increased from 2 to 3 for an increase of 1. Sold All: 18 Reduced: 22 Increased: 22 New Position: 23.

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 $309.12 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.

The stock decreased 1.60% or $0.25 during the last trading session, reaching $15.41. About 775,750 shares traded or 223.23% up from the average. Layne Christensen Company (NASDAQ:LAYN) has risen 100.26% since June 15, 2017 and is uptrending. It has outperformed by 87.69% the S&P500.

Wynnefield Capital Inc holds 9.89% of its portfolio in Layne Christensen Company for 1.90 million shares. Van Den Berg Management I Inc owns 2.09 million shares or 3.76% of their US portfolio. Moreover, Rutabaga Capital Management Llc Ma has 3.48% invested in the company for 990,424 shares. The Connecticut-based Manatuck Hill Partners Llc has invested 2.96% in the stock. Nokomis Capital L.L.C., a Texas-based fund reported 758,444 shares.

More notable recent Layne Christensen Company (NASDAQ:LAYN) news were published by: Streetinsider.com which released: “Layne Christensen (LAYN) Says ISS Recommends Stockholders Vote for Proposed Merger with Granite” on June 01, 2018, also Benzinga.com with their article: “Earnings Scheduled For June 5, 2018” published on June 05, 2018, Streetinsider.com published: “Pre-Open Movers 06/06: (AXON) (VBLT) (SIG) Higher; (AMBA) (IMGN) (OLLI) Lower (more…)” on June 06, 2018. More interesting news about Layne Christensen Company (NASDAQ:LAYN) were released by: Streetinsider.com and their article: “Layne Christensen (LAYN) Shareholders Ok Granite Construction Takeover” published on June 13, 2018 as well as Businesswire.com‘s news article titled: “Nokomis Capital LLC Sends an Open Letter to the Layne Christensen Company Board of Directors” with publication date: May 31, 2018.

Layne Christensen Company (NASDAQ:LAYN) Institutional Positions Chart

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