Layne Christensen Company (LAYN) Reaches $11.75 After 3.00% Up Move; Etrade Capital Management Has Decreased Synchrony Finl (SYF) Stake

September 12, 2017 - By Maria Brooks

Etrade Capital Management Llc decreased Synchrony Finl (SYF) stake by 47.06% reported in 2016Q4 SEC filing. Etrade Capital Management Llc sold 21,697 shares as Synchrony Finl (SYF)’s stock declined 26.83%. The Etrade Capital Management Llc holds 24,408 shares with $885,000 value, down from 46,105 last quarter. Synchrony Finl now has $23.25 billion valuation. The stock rose 0.27% or $0.08 reaching $29.23. About 1.01 million shares traded. Synchrony Financial (NYSE:SYF) has declined 10.35% since September 12, 2016 and is downtrending. It has underperformed by 27.05% the S&P500.

The stock of Layne Christensen Company (NASDAQ:LAYN) is a huge mover today! About 145,549 shares traded or 55.17% up from the average. Layne Christensen Company (NASDAQ:LAYN) has declined 11.47% since September 12, 2016 and is downtrending. It has underperformed by 28.17% the S&P500.The move comes after 9 months positive chart setup for the $232.70M company. It was reported on Sep, 12 by Barchart.com. We have $12.10 PT which if reached, will make NASDAQ:LAYN worth $6.98M more.

Investors sentiment increased to 1.03 in Q4 2016. Its up 0.17, from 0.86 in 2016Q3. It improved, as 4 investors sold Layne Christensen Company shares while 28 reduced holdings. 16 funds opened positions while 20 raised stakes. 18.07 million shares or 2.42% less from 18.52 million shares in 2016Q3 were reported. Bridgeway Mngmt Incorporated has 0.01% invested in Layne Christensen Company (NASDAQ:LAYN) for 36,680 shares. Millennium Limited Liability reported 0% of its portfolio in Layne Christensen Company (NASDAQ:LAYN). Morgan Stanley invested in 0% or 85,407 shares. Manufacturers Life Ins The invested 0% in Layne Christensen Company (NASDAQ:LAYN). Guggenheim Cap Ltd Llc owns 0% invested in Layne Christensen Company (NASDAQ:LAYN) for 28,441 shares. Moreover, Hutchin Hill Capital L P has 0.01% invested in Layne Christensen Company (NASDAQ:LAYN). California State Teachers Retirement System accumulated 37,268 shares or 0% of the stock. 374,630 were reported by Calvert Investment Management. Van Eck Assocs reported 34,496 shares. Nationwide Fund Advsrs invested in 0% or 14,144 shares. Northern Tru Corp owns 209,958 shares. Brandes Invest Partners Lp stated it has 0% in Layne Christensen Company (NASDAQ:LAYN). Blackrock Fund Advsrs reported 606,599 shares. Wynnefield Cap Inc holds 1.80 million shares. Group Incorporated One Trading Limited Partnership accumulated 16,200 shares.

Layne Christensen Company is a water management, construction and drilling company. The company has market cap of $232.70 million. The Firm provides drilling solutions for water management, mineral services and specialty drilling needs. It currently has negative earnings. The Firm operates through three divisions: Water Resources, Inliner and Mineral Services.

Among 3 analysts covering Layne Christensen (NASDAQ:LAYN), 1 have Buy rating, 0 Sell and 2 Hold. Therefore 33% are positive. Layne Christensen had 6 analyst reports since August 18, 2015 according to SRatingsIntel. The stock of Layne Christensen Company (NASDAQ:LAYN) earned “Buy” rating by Zacks on Tuesday, August 18. Jefferies maintained Layne Christensen Company (NASDAQ:LAYN) rating on Friday, June 9. Jefferies has “Hold” rating and $900 target. The company was maintained on Friday, August 4 by Jefferies. DA Davidson maintained the shares of LAYN in report on Monday, March 7 with “Neutral” rating. On Friday, February 19 the stock rating was initiated by Maxim Group with “Buy”.

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