Manatuck Hill Partners Lifted Its Layne Christensen Co (LAYN) Stake; Escalade (ESCA) Has 1.54 Sentiment

January 14, 2018 - By Marie Mckinney

Manatuck Hill Partners Llc increased Layne Christensen Co (LAYN) stake by 300% reported in 2017Q3 SEC filing. Manatuck Hill Partners Llc acquired 225,000 shares as Layne Christensen Co (LAYN)’s stock declined 21.32%. The Manatuck Hill Partners Llc holds 300,000 shares with $3.77M value, up from 75,000 last quarter. Layne Christensen Co now has $265.23 million valuation. The stock increased 0.23% or $0.03 during the last trading session, reaching $13.34. About 88,101 shares traded. Layne Christensen Company (NASDAQ:LAYN) has declined 11.47% since January 14, 2017 and is downtrending. It has underperformed by 28.17% the S&P500.

Escalade, Incorporated, together with its subsidiaries, makes and sells sporting goods to retailers, dealers, and wholesalers in North America, Europe, and internationally. The company has market cap of $186.82 million. The firm makes, imports, and distributes various sporting goods brands in basketball goals, archery, indoor and outdoor game recreation, and fitness products. It has a 18.57 P/E ratio. It offers archery products under the Bear Archery, Trophy Ridge, Whisker Biscuit, and Cajun Bowfishing brands; table tennis products under the STIGA, Ping-Pong, and Prince brands; basketball goals under the Goalrilla, Goaliath, Silverback, Hoopstar, and Goalsetter brands; play systems under the Woodplay and Childlife brands; fitness products under the USWeight, The STEP, Lifeline, Kettleworx, Natural Fitness, and PER4M brands; hockey and soccer game tables under the Atomic, American Legend, Redline, and Triumph brands; billiard accessories under the Mizerak, Minnesota Fats, Lucasi, PureX, Rage, and Players brands; darting products under the Unicorn, Accudart, Arachnid, Nodor, and Winmau brands; and outdoor game products under the Zume Games, Pickleball Now, Onix, Viva Sol, and Triumph brands.

Since January 1, 0001, it had 0 insider buys, and 1 sale for $112,020 activity.

The stock increased 0.78% or $0.1 during the last trading session, reaching $13. About 3,497 shares traded. Escalade, Incorporated (ESCA) has risen 14.05% since January 14, 2017 and is uptrending. It has underperformed by 2.65% the S&P500.

Minerva Advisors Llc holds 3.05% of its portfolio in Escalade, Incorporated for 424,798 shares. North Star Investment Management Corp. owns 401,463 shares or 0.69% of their US portfolio. Moreover, Northstar Group Inc. has 0.62% invested in the company for 79,000 shares. The Kentucky-based Parthenon Llc has invested 0.55% in the stock. Beddow Capital Management Inc, a California-based fund reported 25,238 shares.

Analysts await Escalade, Incorporated (NASDAQ:ESCA) to report earnings on February, 22. They expect $0.28 earnings per share, up 16.67% or $0.04 from last year’s $0.24 per share. ESCA’s profit will be $4.02M for 11.61 P/E if the $0.28 EPS becomes a reality. After $0.22 actual earnings per share reported by Escalade, Incorporated for the previous quarter, Wall Street now forecasts 27.27% EPS growth.

Among 3 analysts covering Layne Christensen (NASDAQ:LAYN), 1 have Buy rating, 0 Sell and 2 Hold. Therefore 33% are positive. Layne Christensen had 7 analyst reports since August 18, 2015 according to SRatingsIntel. The firm earned “Neutral” rating on Monday, March 7 by DA Davidson. The stock of Layne Christensen Company (NASDAQ:LAYN) earned “Buy” rating by Zacks on Tuesday, August 18. On Tuesday, September 12 the stock rating was maintained by Jefferies with “Hold”. The stock has “Buy” rating by Maxim Group on Friday, February 19. The firm has “Hold” rating given on Friday, August 4 by Jefferies. Jefferies maintained it with “Hold” rating and $900 target in Friday, June 9 report.

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