Leonard Capital Management Inc Exits Position in Layne Christensen Company (LAYN)

Layne Christensen Company (LAYN) : Leonard Capital Management Inc has sold out all of its stake in Layne Christensen Company during the most recent quarter, according to the disclosure filed by the company on May 11, 2016 with the SEC. The investment management company has sold out 14,872 shares of Layne Christensen Company which is valued at $125,817.

Other Hedge Funds, Including , Royce Associates Lp reduced its stake in LAYN by selling 27,000 shares or 1.89% in the most recent quarter. The Hedge Fund company now holds 1,402,304 shares of LAYN which is valued at $11.9 Million. Layne Christensen Company makes up approx 0.08% of Royce Associates Lp’s portfolio.Kopernik Global Investors reduced its stake in LAYN by selling 584,215 shares or 54.58% in the most recent quarter. The Hedge Fund company now holds 486,166 shares of LAYN which is valued at $4.4 Million. Layne Christensen Company makes up approx 0.69% of Kopernik Global Investors’s portfolio.Russell Frank Co boosted its stake in LAYN in the latest quarter, The investment management firm added 28,003 additional shares and now holds a total of 437,488 shares of Layne Christensen Company which is valued at $3.9 Million. Layne Christensen Company makes up approx 0.01% of Russell Frank Co’s portfolio.

Layne Christensen Company opened for trading at $8.38 and hit $9.1 on the upside on Monday, eventually ending the session at $8.93, with a gain of 5.56% or 0.47 points. The heightened volatility saw the trading volume jump to 1,10,962 shares. Company has a market cap of $177 M.

On the company’s financial health, Layne Christensen Company reported $-0.17 EPS for the quarter, missing the analyst consensus estimate by $ -0.17 based on the information available during the earnings call on Dec 9, 2015. Analyst had a consensus of $0.00. The company had revenue of $173.20 million for the quarter, compared to analysts expectations of $200.16 million. The company’s revenue was down -13.0 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $-0.19 EPS.

Many Wall Street Analysts have commented on Layne Christensen Company. Company shares were Reiterated by Maxim Group on Apr 18, 2016 to “Buy”, Firm has raised the Price Target to $ 9 from a previous price target of $8 .Maxim Group Initiated Layne Christensen Company on Feb 19, 2016 to “Buy”, Price Target of the shares are set at $8.

Layne Christensen Company (Layne) is a water management construction and drilling company. Layne provides water mineral and energy solutions. Its business segments are Water Resources Inliner Heavy Civil Geoconstruction Mineral Services and Energy Services. Water Resources segment provides solutions for water supply system development and technology. Inliner is a service rehabilitation company offering solutions for wastewater storm water and process sewer pipeline networks. Heavy Civil segment delivers solutions to Government agencies and industrial clients by overseeing the design and construction of water and wastewater treatment plants and pipeline installation. Geoconstruction segment provides specialized geotechnical foundation construction services. Mineral Services conducts above ground drilling activities including core drilling reverse circulation dual tube hammer and rotary air-blast methods. Energy Services segment focuses on bringing water management solutions.

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