Rutabaga Capital Management LLC Has Cut Its Stake in Layne Christensen Company (LAYN) by $4.00 Million

June 22, 2018 - By Clifton Ray

Layne Christensen Company (NASDAQ:LAYN) LogoInvestors sentiment increased to 1.13 in 2018 Q1. Its up 0.27, from 0.86 in 2017Q4. It increased, as 18 investors sold LAYN shares while 22 reduced holdings. 23 funds opened positions while 22 raised stakes. 19.20 million shares or 4.04% more from 18.46 million shares in 2017Q4 were reported. State Common Retirement Fund invested in 0% or 18,800 shares. Schwab Charles Investment Management invested in 38,051 shares or 0% of the stock. Van Den Berg Mgmt I owns 2.09M shares. The Washington-based Parametric has invested 0% in Layne Christensen Company (NASDAQ:LAYN). Royal National Bank & Trust Of Canada has 5,808 shares for 0% of their portfolio. Dupont Capital Mgmt Corporation has invested 0.03% of its portfolio in Layne Christensen Company (NASDAQ:LAYN). Wynnefield Capital Inc holds 9.89% or 1.90M shares in its portfolio. Alliancebernstein Limited Partnership holds 0% of its portfolio in Layne Christensen Company (NASDAQ:LAYN) for 13,900 shares. Glazer Cap accumulated 138,868 shares. The New York-based Renaissance Technologies Ltd Limited Liability Company has invested 0.01% in Layne Christensen Company (NASDAQ:LAYN). Rhumbline Advisers has 18,327 shares for 0% of their portfolio. Tiaa Cref Ltd Llc holds 0% or 43,125 shares. Deutsche Retail Bank Ag holds 101,213 shares or 0% of its portfolio. Price T Rowe Associate Md owns 0% invested in Layne Christensen Company (NASDAQ:LAYN) for 35,585 shares. Group One Trading Lp has invested 0% in Layne Christensen Company (NASDAQ:LAYN).

Peter Schliemann decreased its stake in Layne Christensen Company (LAYN) by 22.38% based on its latest 2018Q1 regulatory filing with the SEC. Rutabaga Capital Management Llc sold 285,617 shares as the company’s stock declined 6.42% with the market. The hedge fund run by Peter Schliemann held 990,424 shares of the engineering & construction company at the end of 2018Q1, valued at $14.78 million, down from 1.28 million at the end of the previous reported quarter. Rutabaga Capital Management Llc who had been investing in Layne Christensen Company for a number of months, seems to be less bullish one the $309.12M market cap company. The stock decreased 1.60% or $0.25 during the last trading session, reaching $15.41. About 775,750 shares traded or 216.76% up from the average. Layne Christensen Company (NASDAQ:LAYN) has risen 100.26% since June 22, 2017 and is uptrending. It has outperformed by 87.69% the S&P500.

Rutabaga Capital Management Llc, which manages about $1.07 billion and $425.21M US Long portfolio, upped its stake in Team Inc (NYSE:TISI) by 258,956 shares to 378,219 shares, valued at $5.20M in 2018Q1, according to the filing. It also increased its holding in Wesco Aircraft Holdings Inc. (NYSE:WAIR) by 937,761 shares in the quarter, for a total of 1.39M shares, and has risen its stake in Cubic Corporation (NYSE:CUB).

More notable recent Layne Christensen Company (NASDAQ:LAYN) news were published by: Seekingalpha.com which released: “Glass Lewis joins ISS in supporting Layne Christensen buyout” on June 07, 2018, also Streetinsider.com with their article: “Layne Christensen (LAYN) Shareholders Ok Granite Construction Takeover” published on June 13, 2018, Benzinga.com published: “Earnings Scheduled For June 5, 2018” on June 05, 2018. More interesting news about Layne Christensen Company (NASDAQ:LAYN) were released by: Streetinsider.com and their article: “After-Hours Movers 6/5: (VBLT) (NCS) (LAYN) Higher; (AMBA) (OLLI) (IMGN) Lower (more…)” published on June 05, 2018 as well as Streetinsider.com‘s news article titled: “Layne Christensen (LAYN) Says ISS Recommends Stockholders Vote for Proposed Merger with Granite” with publication date: June 01, 2018.

Layne Christensen Company (NASDAQ:LAYN) Institutional Positions Chart

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