Green Square Capital Lowers stake in Layne Christensen Company (LAYN)

Layne Christensen Company (LAYN) : Green Square Capital reduced its stake in Layne Christensen Company by 7.21% during the most recent quarter end. The investment management company now holds a total of 416,783 shares of Layne Christensen Company which is valued at $3,342,600 after selling 32,400 shares in Layne Christensen Company , the firm said in a disclosure report filed with the SEC on Jul 26, 2016.Layne Christensen Company makes up approximately 0.81% of Green Square Capital’s portfolio.

Other Hedge Funds, Including , Simplex Trading sold out all of its stake in LAYN during the most recent quarter. The investment firm sold 213 shares of LAYN which is valued $1,796. Washington Trust Bank added LAYN to its portfolio by purchasing 3,000 company shares during the most recent quarter which is valued at $25,410. Layne Christensen Company makes up approx 0.01% of Washington Trust Bank’s portfolio. Bnp Paribas Arbitrage Sa added LAYN to its portfolio by purchasing 716 company shares during the most recent quarter which is valued at $6,065.

Layne Christensen Company closed down -0.02 points or -0.25% at $8 with 83,959 shares getting traded on Friday. Post opening the session at $8, the shares hit an intraday low of $7.89 and an intraday high of $8.15 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.

On the company’s financial health, Layne Christensen Company reported $-0.45 EPS for the quarter, missing the analyst consensus estimate by $ -0.14 based on the information available during the earnings call on Jun 6, 2016. Analyst had a consensus of $-0.31. The company had revenue of $159.70 million for the quarter, compared to analysts expectations of $160.24 million. The company’s revenue was down -8.4 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $-0.55 EPS.

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.

Leave a Reply

Layne Christensen Company - Is it time to Sell?

Top Brokerage Firms are advising their investors on Layne Christensen Company. Subscribe to MoneyFlowIndex.Org Pre-Market Alerts, You will be the first to know the street buzz.