Jefferies Group LLC reissued their hold rating on shares of Layne Christensen Company (NASDAQ:LAYN) in a research report report published on Thursday morning. They currently have a $11.00 target price on the construction company’s stock, up from their previous target price of $9.00. Jefferies Group also issued estimates for Layne Christensen’s Q3 2018 earnings at ($0.04) EPS, Q4 2018 earnings at ($0.05) EPS, FY2018 earnings at ($0.36) EPS and FY2019 earnings at $0.51 EPS.

Several other equities analysts also recently weighed in on LAYN. Zacks Investment Research upgraded Layne Christensen from a strong sell rating to a hold rating and set a $10.00 target price on the stock in a research report on Saturday, June 10th. ValuEngine raised Layne Christensen from a sell rating to a hold rating in a report on Tuesday, July 18th.

Layne Christensen (NASDAQ:LAYN) traded down 0.65% during trading on Thursday, hitting $12.18. The stock had a trading volume of 295,357 shares. Layne Christensen has a 12 month low of $6.98 and a 12 month high of $12.48. The company’s 50 day moving average is $10.56 and its 200-day moving average is $9.07. The company’s market cap is $241.22 million.

Layne Christensen (NASDAQ:LAYN) last released its earnings results on Monday, September 11th. The construction company reported ($0.11) earnings per share for the quarter, beating the consensus estimate of ($0.18) by $0.07. The business had revenue of $126.20 million for the quarter, compared to the consensus estimate of $122.99 million. Layne Christensen had a negative return on equity of 35.55% and a negative net margin of 12.66%. The business’s quarterly revenue was up 2.1% compared to the same quarter last year. During the same quarter last year, the business posted ($0.21) earnings per share. On average, equities research analysts predict that Layne Christensen will post ($0.40) earnings per share for the current year.

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Several large investors have recently bought and sold shares of LAYN. Parametric Portfolio Associates LLC increased its holdings in shares of Layne Christensen by 779.7% in the first quarter. Parametric Portfolio Associates LLC now owns 447,331 shares of the construction company’s stock valued at $3,954,000 after purchasing an additional 396,481 shares during the last quarter. Royce & Associates LP increased its holdings in shares of Layne Christensen by 5.8% in the first quarter. Royce & Associates LP now owns 1,884,972 shares of the construction company’s stock valued at $16,663,000 after purchasing an additional 103,443 shares during the last quarter. Cove Street Capital LLC increased its holdings in shares of Layne Christensen by 100.0% in the second quarter. Cove Street Capital LLC now owns 200,000 shares of the construction company’s stock valued at $1,758,000 after purchasing an additional 100,000 shares during the last quarter. Dimensional Fund Advisors LP increased its holdings in shares of Layne Christensen by 9.3% in the first quarter. Dimensional Fund Advisors LP now owns 1,135,219 shares of the construction company’s stock valued at $10,035,000 after purchasing an additional 96,511 shares during the last quarter. Finally, Crystal Rock Capital Management increased its holdings in shares of Layne Christensen by 75.1% in the second quarter. Crystal Rock Capital Management now owns 197,648 shares of the construction company’s stock valued at $1,737,000 after purchasing an additional 84,795 shares during the last quarter. 89.27% of the stock is owned by hedge funds and other institutional investors.

Layne Christensen 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 three segments: Water Resources, Inliner and Mineral Services. Its Water Resources segment provides its customers with solutions for various aspects of water supply system development and technology throughout the United States.

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