Layne Christensen Company (LAYN) Position Held by Condor Capital Management

Condor Capital Management continued to hold its stake in Layne Christensen Company (NASDAQ:LAYN) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 20,605 shares of the construction company’s stock at the end of the first quarter. Condor Capital Management owned approximately 0.10% of Layne Christensen Company worth $182,000 at the end of the most recent quarter.

Other hedge funds also recently added to or reduced their stakes in the company. Wells Fargo & Company MN raised its stake in Layne Christensen Company by 5.3% in the first quarter. Wells Fargo & Company MN now owns 17,000 shares of the construction company’s stock valued at $151,000 after buying an additional 855 shares during the last quarter. Trexquant Investment LP bought a new stake in Layne Christensen Company during the fourth quarter valued at about $174,000. Bank of New York Mellon Corp raised its stake in Layne Christensen Company by 7.9% in the first quarter. Bank of New York Mellon Corp now owns 84,752 shares of the construction company’s stock valued at $750,000 after buying an additional 6,217 shares during the last quarter. Two Sigma Investments LP raised its stake in Layne Christensen Company by 673.8% in the fourth quarter. Two Sigma Investments LP now owns 82,819 shares of the construction company’s stock valued at $900,000 after buying an additional 72,116 shares during the last quarter. Finally, Ancora Advisors LLC raised its stake in Layne Christensen Company by 0.7% in the fourth quarter. Ancora Advisors LLC now owns 121,557 shares of the construction company’s stock valued at $1,321,000 after buying an additional 800 shares during the last quarter. Institutional investors and hedge funds own 95.64% of the company’s stock.

Institutional Ownership by Quarter for Layne Christensen Company (NASDAQ:LAYN)

Layne Christensen Company (NASDAQ:LAYN) traded up 0.13% during mid-day trading on Friday, reaching $7.64. The company’s stock had a trading volume of 71,027 shares. The company’s market cap is $151.30 million. Layne Christensen Company has a 52-week low of $6.50 and a 52-week high of $11.42. The firm has a 50 day moving average price of $8.13 and a 200 day moving average price of $9.54.

Layne Christensen Company (NASDAQ:LAYN) last released its quarterly earnings results on Monday, April 10th. The construction company reported ($0.95) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.13) by $0.82. The company had revenue of $129.60 million for the quarter, compared to analyst estimates of $154.50 million. Layne Christensen Company had a negative net margin of 5.66% and a negative return on equity of 22.33%. Layne Christensen Company’s revenue for the quarter was down 18.6% on a year-over-year basis. During the same quarter last year, the firm posted ($0.84) EPS. Equities research analysts anticipate that Layne Christensen Company will post ($0.61) earnings per share for the current year.

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Several analysts have issued reports on LAYN shares. Zacks Investment Research upgraded Layne Christensen Company from a “sell” rating to a “hold” rating in a research note on Thursday, February 2nd. TheStreet lowered Layne Christensen Company from a “c-” rating to a “d+” rating in a research note on Thursday, April 13th.

Layne Christensen Company Company Profile

Layne Christensen Company (Layne) is a water management, construction and drilling company. The Company provides drilling solutions for water management, mineral services and specialty drilling needs. The Company operates through four segments: Water Resources, Inliner, Heavy Civil and Mineral Services.

12 Month Chart for NASDAQ:LAYN

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