Are Analysts Bearish Layne Christensen Company (NASDAQ:LAYN) After Last Week?

Out of 4 analysts covering Layne Christensen (NASDAQ:LAYN), 0 rate it “Buy”, 0 “Sell”, while 0 “Hold”. This means NaN are positive. Layne Christensen was the topic in 4 analyst reports since August 18, 2015 according to StockzIntelligence Inc. Below is a list of Layne Christensen Company (NASDAQ:LAYN) latest ratings and price target changes.

07/03/2016 Broker: DA Davidson Rating: Neutral Old Target: $4.50 New Target: $8.00 Maintain
19/02/2016 Broker: Maxim Group Rating: Buy New Target: $8.00 Initiate

The stock increased 5.30% or $0.41 during the last trading session, hitting $8.15. About 293,036 shares traded hands or 93.98% up from the average. Layne Christensen Company (NASDAQ:LAYN) has risen 28.75% since September 11, 2015 and is uptrending. It has outperformed by 22.17% the S&P500.

Layne Christensen Company is a water management, construction and drilling company. The company has a market cap of $170.88 million. Layne provides water, mineral and energy solutions. It currently has negative earnings. The Company’s business divisions are Water Resources, Inliner, Heavy Civil, Geoconstruction, Mineral Services and Energy Services.

The institutional sentiment increased to 0.61 in 2015 Q4. Its up 0.23, from 0.38 in 2015Q3. The ratio improved, as 7 funds sold all Layne Christensen Company shares owned while 26 reduced positions. 7 funds bought stakes while 13 increased positions. They now own 17.97 million shares or 0.51% less from 18.06 million shares in 2015Q3.

Van Den Berg Management I Inc holds 1.79% of its portfolio in Layne Christensen Company for 2.49 million shares. Rock Point Advisors Llc owns 606,288 shares or 1.66% of their US portfolio. Moreover, Rutabaga Capital Management Llc Ma has 1.43% invested in the company for 2.16 million shares. The Florida-based Kopernik Global Investors Llc has invested 1.21% in the stock. Wynnefield Capital Inc, a New York-based fund reported 608,915 shares.

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