As Layne Christensen Company (LAYN) Stock Value Declined, Shareholder Rutabaga Capital Management Has Cut Its Holding; As Facebook (FB) Shares Declined, Sta Wealth Management Has Cut by $501,009 Its Holding

June 22, 2018 - By Richard Conner

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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. Some Historical LAYN News: 21/05/2018 – CORRECT: LAYNE CHRISTENSEN HOLDER CETUS REPORTS 5.74% STAKE; 21/05/2018 – LAYNE CHRISTENSEN HOLDER CETUS LAST REPORTED ~7.8% STAKE; 23/03/2018 – LAYNE CHRISTENSEN – UNDER AGREEMENT, PURCHASERS HAVE COMMITTED TO PURCHASE $71.0 MLN OF COMPANY’S 11% SENIOR UNSECURED NOTES DUE OCTOBER 16, 2019; 14/05/2018 – LAYNE CHRISTENSEN DELIVERED A NOTICE OF SETTLEMENT METHOD; 26/03/2018 – LAYNE CHRISTENSEN CO – “WELCOMES CONSTRUCTIVE INPUT FROM ITS STOCKHOLDERS”; 11/05/2018 – Omers Administration Buys 1.9% Position in Layne Christensen; 22/05/2018 – CORRECT: LAYNE CHRISTENSEN HOLDER CETUS 9.9% STAKE UNCHANGED; 10/05/2018 – LAYN HLDR LINDEN CAPITAL SAYS GRANITE DEAL BELOW FAIR VALUE; 26/03/2018 – LAYNE CHRISTENSEN – UNANIMOUSLY CONCLUDED DEAL WITH GRANITE OFFERED “MORE FAVORABLE OPPORTUNITY FOR LAYNE’S STOCKHOLDERS THAN ALTERNATIVES CONSIDERED”; 10/04/2018 – LAYNE CHRISTENSEN 4Q REV. $110.4M

Sta Wealth Management Llc decreased its stake in Facebook Inc (FB) by 58.41% based on its latest 2018Q1 regulatory filing with the SEC. Sta Wealth Management Llc sold 3,151 shares as the company’s stock declined 0.01% with the market. The institutional investor held 2,244 shares of the technology company at the end of 2018Q1, valued at $359,000, down from 5,395 at the end of the previous reported quarter. Sta Wealth Management Llc who had been investing in Facebook Inc for a number of months, seems to be less bullish one the $585.08B market cap company. The stock increased 0.31% or $0.6248 during the last trading session, reaching $202.1248. About 12.00M shares traded. Facebook, Inc. (NASDAQ:FB) has risen 21.69% since June 22, 2017 and is uptrending. It has outperformed by 9.12% the S&P500. Some Historical FB News: 22/05/2018 – REGULATIONS SHOULD PROTECT PEOPLE BUT ALLOW INNOVATION-ZUCKERBERG; 04/04/2018 – Facebook Updates Policies After Privacy Outcry; Limits Data Use; 06/03/2018 – Google, Facebook Ad Power Poised for New French Investigation; 11/04/2018 – GMF: It’s Not Just Facebook: Countering Russia’s Social Media Offensive; 16/03/2018 – FACEBOOK INC-KOGAN VIOLATED PLATFORM POLICIES BY PASSING DATA FROM AN APP THAT WAS USING FACEBOOK LOGIN TO SCL/CAMBRIDGE ANALYTICA; 29/03/2018 – Facebook, Amazon Reveal Gender Pay Gap of Their U.K. Workforces; 08/04/2018 – Entrepreneur Gary Vaynerchuk Bet Right On Facebook, Wrong on BlackJet; 30/03/2018 – Facebook employees in an uproar over leaked memo, some call for aggressive action against leakers; 19/03/2018 – EU to investigate Facebook and Cambridge Analytica data usage; 29/03/2018 – Facebook May Face Millions of Dollars in FTC Fines Over Data Crisis (Video)

More notable recent Layne Christensen Company (NASDAQ:LAYN) news were published by: Benzinga.com which released: “Earnings Scheduled For June 5, 2018” on June 05, 2018, also Streetinsider.com with their article: “Layne Christensen (LAYN) Says ISS Recommends Stockholders Vote for Proposed Merger with Granite” published on June 01, 2018, Seekingalpha.com published: “Glass Lewis joins ISS in supporting Layne Christensen buyout” on June 07, 2018. More interesting news about Layne Christensen Company (NASDAQ:LAYN) were released by: Streetinsider.com and their article: “Layne Christensen (LAYN) Shareholders Ok Granite Construction Takeover” published on June 13, 2018 as well as Seekingalpha.com‘s news article titled: “Layne Christensen Company (LAYN) CEO Mike Caliel on Q1 2019 Results – Earnings Call Transcript” with publication date: June 06, 2018.

Rutabaga Capital Management Llc, which manages about $1.07B and $425.21M US Long portfolio, upped its stake in Azz Inc. (NYSE:AZZ) by 109,764 shares to 366,946 shares, valued at $16.04 million in 2018Q1, according to the filing. It also increased its holding in Cubic Corporation (NYSE:CUB) by 97,791 shares in the quarter, for a total of 279,369 shares, and has risen its stake in Destination Xl Group Inc (NASDAQ:DXLG).

Among 3 analysts covering Layne Christensen (NASDAQ:LAYN), 1 have Buy rating, 0 Sell and 2 Hold. Therefore 33% are positive. Layne Christensen had 8 analyst reports since August 18, 2015 according to SRatingsIntel. Maxim Group initiated the stock with “Buy” rating in Friday, February 19 report. The firm has “Neutral” rating given on Monday, March 7 by DA Davidson. The stock has “Hold” rating by Jefferies on Wednesday, April 11. Jefferies maintained the shares of LAYN in report on Friday, June 9 with “Hold” rating. Jefferies maintained it with “Hold” rating and $11.0 target in Tuesday, September 12 report. The firm has “Buy” rating given on Tuesday, August 18 by Zacks. The firm earned “Hold” rating on Friday, August 4 by Jefferies.

Investors sentiment increased to 1.13 in Q1 2018. Its up 0.27, from 0.86 in 2017Q4. It is positive, 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. Ameritas Prtnrs reported 0% in Layne Christensen Company (NASDAQ:LAYN). 92 are owned by Citigroup. Prelude Cap Ltd Company stated it has 6,370 shares. Panagora Asset Mngmt Inc owns 43,298 shares. Price T Rowe Assoc Md invested 0% in Layne Christensen Company (NASDAQ:LAYN). Northern Corporation invested in 0% or 218,741 shares. Putnam Invests Ltd Liability Corp reported 0.01% stake. Blackrock accumulated 0% or 1.21M shares. Legal And General Plc has invested 0% in Layne Christensen Company (NASDAQ:LAYN). Manatuck Hill Prns Ltd Limited Liability Company holds 375,200 shares or 2.96% of its portfolio. Gamco Et Al stated it has 0.11% of its portfolio in Layne Christensen Company (NASDAQ:LAYN). Magnetar Financial Limited Com owns 883,222 shares. Geode Cap Mngmt Lc has 173,363 shares for 0% of their portfolio. Grp Inc One Trading LP has 19,916 shares for 0% of their portfolio. Van Den Berg Management I holds 3.76% of its portfolio in Layne Christensen Company (NASDAQ:LAYN) for 2.09M shares.

Analysts await Facebook, Inc. (NASDAQ:FB) to report earnings on July, 25. They expect $1.72 earnings per share, up 30.30% or $0.40 from last year’s $1.32 per share. FB’s profit will be $4.98B for 29.38 P/E if the $1.72 EPS becomes a reality. After $1.69 actual earnings per share reported by Facebook, Inc. for the previous quarter, Wall Street now forecasts 1.78% EPS growth.

More notable recent Facebook, Inc. (NASDAQ:FB) news were published by: Nasdaq.com which released: “3 Big Stock Charts for Thursday: JPMorgan Chase, Pfizer and Disney” on June 21, 2018, also Bizjournals.com with their article: “Facebook explores $2.4 billion commuter railway and roads to link its Fremont and Menlo Park campuses” published on June 22, 2018, Nasdaq.com published: “Time to Face Facts and Short Facebook Above $200” on June 21, 2018. More interesting news about Facebook, Inc. (NASDAQ:FB) were released by: Thestreet.com and their article: “Facebook Messenger Could Bring in Billions of Dollars — Here’s How” published on June 20, 2018 as well as Nasdaq.com‘s news article titled: “Facebook, Inc. (FB) to Design Chips for Live Video Content Filtering” with publication date: May 29, 2018.

Among 55 analysts covering Facebook (NASDAQ:FB), 51 have Buy rating, 2 Sell and 2 Hold. Therefore 93% are positive. Facebook had 274 analyst reports since July 21, 2015 according to SRatingsIntel. Argus Research upgraded the stock to “Buy” rating in Thursday, October 15 report. The company was maintained on Thursday, February 1 by Morgan Stanley. The stock has “Buy” rating by Jefferies on Thursday, July 27. The firm has “Buy” rating by Rosenblatt given on Thursday, November 5. Cowen & Co maintained it with “Buy” rating and $18000 target in Friday, July 14 report. The rating was maintained by William Blair with “Buy” on Thursday, July 20. Jefferies maintained it with “Buy” rating and $145 target in Thursday, January 28 report. On Thursday, November 3 the stock rating was downgraded by BTIG Research to “Neutral”. As per Monday, April 9, the company rating was maintained by KeyBanc Capital Markets. KeyBanc Capital Markets maintained the shares of FB in report on Wednesday, September 6 with “Buy” rating.

Investors sentiment decreased to 0.87 in 2018 Q1. Its down 0.34, from 1.21 in 2017Q4. It is negative, as 145 investors sold FB shares while 712 reduced holdings. 173 funds opened positions while 573 raised stakes. 1.65 billion shares or 2.41% more from 1.61 billion shares in 2017Q4 were reported. Monroe Bankshares And Mi holds 1,524 shares or 0.08% of its portfolio. Gilman Hill Asset Ltd Liability Co reported 8,079 shares. Connor Clark Lunn Invest Mgmt Ltd holds 655,350 shares. Veritable Lp, a Pennsylvania-based fund reported 70,959 shares. Eaton Vance Management invested in 4.76M shares or 1.88% of the stock. Next Financial Grp Incorporated has invested 1.28% of its portfolio in Facebook, Inc. (NASDAQ:FB). Wolverine Asset Management Ltd Liability Company holds 0.11% or 51,337 shares. Hudock Capital Grp Ltd Liability owns 2,165 shares or 0.14% of their US portfolio. Uss Invest Management Ltd accumulated 1.96 million shares. 48,217 are owned by Pitcairn. Schnieders Capital Lc holds 0.9% or 13,091 shares in its portfolio. New York-based Hartwell J M Lp has invested 8.26% in Facebook, Inc. (NASDAQ:FB). 86,557 are held by Brinker Capital. Gabelli Funds Ltd Limited Liability Company holds 283,500 shares or 0.27% of its portfolio. The New York-based Altfest L J has invested 0.59% in Facebook, Inc. (NASDAQ:FB).

Sta Wealth Management Llc, which manages about $570.34 million and $298.35 million US Long portfolio, upped its stake in Visa Inc (NYSE:V) by 7,708 shares to 10,353 shares, valued at $1.24 million in 2018Q1, according to the filing. It also increased its holding in Select Sector Spdr Tr (XLF) by 369,797 shares in the quarter, for a total of 485,454 shares, and has risen its stake in Ishares Tr (IUSV).

Since January 9, 2018, it had 0 buys, and 70 sales for $3.22 billion activity. Koum Jan also sold $231.84 million worth of Facebook, Inc. (NASDAQ:FB) shares. 5,138 shares valued at $822,440 were sold by FISCHER DAVID B. on Wednesday, April 25. $136,875 worth of Facebook, Inc. (NASDAQ:FB) was sold by Stretch Colin on Wednesday, May 23. Wehner David M. had sold 14,901 shares worth $2.66 million on Thursday, February 22. $7.14M worth of Facebook, Inc. (NASDAQ:FB) was sold by Schroepfer Michael Todd. 55,000 Facebook, Inc. (NASDAQ:FB) shares with value of $9.75 million were sold by Sandberg Sheryl.

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