Van Den Berg Management I Inc. Grows Holdings in Layne Christensen (NASDAQ:LAYN)

Van Den Berg Management I Inc. increased its position in Layne Christensen (NASDAQ:LAYN) by 5.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 2,227,757 shares of the construction company’s stock after buying an additional 112,496 shares during the quarter. Layne Christensen comprises about 3.1% of Van Den Berg Management I Inc.’s investment portfolio, making the stock its 14th biggest position. Van Den Berg Management I Inc. owned 11.21% of Layne Christensen worth $27,958,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Royce & Associates LP raised its position in shares of Layne Christensen by 2.4% in the 4th quarter. Royce & Associates LP now owns 1,987,867 shares of the construction company’s stock worth $24,948,000 after buying an additional 46,796 shares during the period. BlackRock Inc. raised its position in shares of Layne Christensen by 0.9% in the 4th quarter. BlackRock Inc. now owns 1,203,505 shares of the construction company’s stock worth $15,103,000 after buying an additional 11,127 shares during the period. Dimensional Fund Advisors LP raised its position in shares of Layne Christensen by 0.5% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,140,388 shares of the construction company’s stock worth $10,024,000 after buying an additional 5,169 shares during the period. State Street Corp raised its position in shares of Layne Christensen by 9.9% in the 2nd quarter. State Street Corp now owns 280,282 shares of the construction company’s stock worth $2,465,000 after buying an additional 25,213 shares during the period. Finally, Northern Trust Corp raised its position in shares of Layne Christensen by 4.2% in the 2nd quarter. Northern Trust Corp now owns 218,316 shares of the construction company’s stock worth $1,919,000 after buying an additional 8,767 shares during the period. 95.03% of the stock is currently owned by institutional investors and hedge funds.

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NASDAQ:LAYN traded down $0.45 during mid-day trading on Monday, hitting $14.47. The company had a trading volume of 159,178 shares, compared to its average volume of 318,403. The company has a debt-to-equity ratio of 3.05, a current ratio of 1.47 and a quick ratio of 1.32. Layne Christensen has a 1 year low of $6.98 and a 1 year high of $16.96.

Several research analysts recently weighed in on the company. BidaskClub lowered Layne Christensen from a “buy” rating to a “hold” rating in a research report on Wednesday, March 28th. Zacks Investment Research raised Layne Christensen from a “sell” rating to a “hold” rating in a research report on Wednesday, February 7th. ValuEngine raised Layne Christensen from a “sell” rating to a “hold” rating in a research report on Wednesday, February 14th. Finally, TheStreet raised Layne Christensen from a “d+” rating to a “c-” rating in a research report on Thursday, February 15th. Four research analysts have rated the stock with a hold rating, The stock presently has an average rating of “Hold” and an average target price of $11.00.

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About Layne Christensen

Layne Christensen Company operates as a water management, construction, and drilling company that provides solutions for the water, mineral, and energy markets in the United States and internationally. The company's Water Resources segment offers water-related products and services, including hydrologic design and construction; source of supply exploration; well and intake construction; and well and pump rehabilitation services.

Institutional Ownership by Quarter for Layne Christensen (NASDAQ:LAYN)

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